Jim The Mortgage Man Blog

Jim Pettit - The Mortgage Man Akron OHMy name is Jim, better known as “The Mortgage Man,” which stems from my 30+ years helping people get the best financing for their new home purchase or mortgage refinance.

I have been in this business a long time.

In good times, and bad.

I have basically one primary goal … home ownership with the very best financing that meets each of my client’s individual needs.

With decades of experience in executive banking and lending across the country, I have a unique perspective into all the factors that should be considered when you seek financing.

I truly understand that purchasing or refinancing a home is a major decision, and that this business is fraught with misleading information and confusing numbers.

This is the reason I strive to make certain the loan decision is made based on full understanding, with full disclosure and transparency.

Your happiness is far more valuable than a less-than-perfect mortgage. I could not sleep at night unless I knew I had done the absolute best for you, my client.

That’s why I have so many repeat clients.

And why I sleep very well.

Let’s Talk

About Best Home Mortgages


Call The Mortgage Man Blog

Making The Most Of Your Credit Cards

TIP! Always know what rate you are paying for interest. Prior to getting a credit card, it is vital that you are aware of the interest rate.

When people think of credit cards, they think of spending dangers and ridiculous interest rates. However, when used properly, credit cards provide many benefits, such as financial peace of mind, while also offering the chance to earn rewards and perks. Read the following tips and techniques to learn how to properly utilize credit cards.

TIP! Aim to set up your own budget when dealing with credit cards. You should have a budget for your income, so include your credit in your budget.

Keeping several lines of credit open is helpful to your credit profile. This helps build up your credit, particularly if you pay your cards in full monthly. You should have no more than three open credit cards. If you have more than three bank cards, it may be more difficult to qualify for a loan.

TIP! It is a bad idea to make credit card purchases using a public computer. Your important information will end up stored on the computers.

Most people don’t handle charge cards the right way. While everyone gets into debt at times, some people use the credit that they have access to in an irresponsible manner and end up in huge amounts of debt with too-high payment obligations they cannot meet. Paying your balance off every month is the smartest thing to do. This will help you establish credit and improve your credit rating.

Credit Card

TIP! Don’t believe your card interest rate is non-negotiable. Credit card issuers have several interest rates they can use at their discretion.

Be sure to check your credit card’s terms to see if it charges an annual fee to use the card. You want to make sure that you don’t pay a premium for the credit card. The exclusive charge cards, like the platinum or black cards, are known to charge it’s customers an annual fee from $100 to $1,000 a year. If you do not require a card like this, choose a card with lower or no fees.

TIP! It is important to keep a running total of what you have charged to your credit cards each month. Remember that incidental and impulse purchases add up quickly.

Be aware of any interest rates you are being charged. If you are applying for a new credit card, make sure that you are aware of what the rate is on that card. If you are unaware, you may end up paying far more than the initial price. If the rate is higher, you may find that you can’t pay the card off every month.

TIP! Every month, carefully review your credit company statements. Try to find any discrepancies in your statement or any false charges.

Bank cards can have real benefits when they are used responsibly and carefully. Whether its financial flexibility, emergency funds, or accumulating rewards, charge cards can really make your life quite a bit easier. Use the information from this article, to use bank cards successfully.

Home Mortage Tips And Tricks For Experts And Novices Alike

TIP! Thinking about your mortgage a year in advance can mean the difference between an approval and a denial of your loan. If you seriously thinking of home ownership, then you should have your finances in order.

When trying to get a mortgage for a first time home buyer, it helps to have good information. Many details are involved in the loan process which can greatly impact your financial future. Follow these helpful tips to ensure that you get a great rate for your home mortgage.

TIP! Only borrow the money you need. Lenders give you an approval amount, but they do not always have all the information about what you need to be comfortable.

Start preparing for the home loan process early. Get your budget completed and your financial documents in hand. Get debt under control and start saving. Procrastinating may leave you without a mortgage approval.

TIP! Quite a while before applying for your loan, look at your credit report. Recent subprime lending practices have made qualifying for a loan much more difficult than it has been in the past.

Always review your credit report prior to applying for the mortgage. Securing a loan was not always as hard as it is now, so you need to make sure that you have a good credit rating and the least amount of debt possible to get the best home loan.

TIP! Make sure you have a steady work history before applying for a mortgage loan. Lenders generally like to see steady work history of around two years.

Plan your budget so that you are not paying more than 30% of your income on your mortgage loan. You can run into serious trouble down the road if financial problems arise. When your payments are manageable, it’s much easier to keep a balanced budget.

TIP! While you wait to close on your mortgage, avoid shopping sprees! The credit is rechecked after several days before the mortgage is actually finalized. All major expenses should be put off until after your mortgage application has been approved.

Have all your financial paperwork in order before meeting with your lender. A lender will want to see bank statements, proof of assets, and proof of income. Being organized and having paperwork ready will speed up the process of applying.

Property Taxes

TIP! Make a budget to define exactly how much you are willing to pay each month towards your mortgage. Buy a house that fits into your budget.

Find out the property taxes before making an offer on a home. Before putting your name on documents for a mortgage, it is crucial to know what property taxes will cost. You might find the tax assessor values your property higher than you expected and you don’t want to have any unpleasant surprises.

TIP! To secure a mortgage, be certain that your credit is in proper shape. Lenders often examine your credit history very closely to be sure of accepting minimum risk.

Be sure you’re looking over a lot of institutions to deal with your mortgage so you have a lot of options. Ask about all fees and charges. Find reviews about different lenders online and speak to family and friends. You will be better able to pick the mortgage that is right for you when you have the details of each offer.

TIP! Before you meet with any lenders, make sure you have all the financial document you need. The lender is going to need income proof, banking statements, and other documentation of assets.

When you are seeking your very first home, you need to know the ins and outs of mortgages. To avoid being taken advantage of, you should know the details. Pay close attention to the fine print and be sure to apply the advice in this piece to have the best possible loan experience.

Coupons Can Save You Money: Find Out How

TIP! Use all of the coupons you have at your disposal. You can purchase many more products by using many different coupons.

Because of the amount of work involved, some people think that couponing is too difficult for them. A lot of people find them confusing, and don’t know that coupons can be used really simply. Here you will find the right tools for using coupons.

TIP! You can find coupons in a variety of places. The Sunday paper has long been a great source for coupon inserts.

Don’t purchase an item simply because you possess a coupon for it. For some reason people think they are saving money when they buy a lot of items and use coupons. To avoid wasting your money, just coupons for thing that you really need.

Search for promotions online. Oftentimes, you will discover codes that will assist you in obtaining something from a website by simply putting in the code.

TIP! Coupons can be doubled or tripled at some stores. Ask your local grocery stores to see if they adhere to this policy.

You should set aside one day per week where you really focus on your couponing efforts. This makes the most use of your coupon time. If you find great coupons on other days, you can always get them then, but your one day of couponing a week will allow you to really organize and search for coupons.

TIP! Having coupons doesn’t mean you should automatically purchase certain products. Purchasing every product for which you have a coupon will not result in any savings.

Become a member of online discount and couponing forums. There are many places you can find online that post coupon deals to help you save money. Besides connecting you directly to great coupons, these forums will also let you swap information on whether or not a particular coupon is a good bargain or whether or not the coupon / code in question worked.

TIP! Keep in mind that the coupons which you get at the register cannot be doubled. It makes sense to look through your coupons for a coupon that can be doubled before using one that cannot be double.

Don’t let your coupons expire on you. There are some coupons that expire after just one day. Some may last for a month or so. Take the time to organize your coupons so you know which ones are expiring soon. Always take a peek at what coupons are near expiration. By staying on top of these dates you can avoid missing out on the best deals.

TIP! Don’t be ashamed to use coupons when you’re at a store. If you want to save money with coupons, you can’t worry about the customers behind you in line.

If you want to be a smart consumer online, always search for coupons and codes before completing an Internet purchase. Use a major search engine and search for “coupon retailer name”. Any special deals that the retailer is currently running will be displayed in the form of coupon codes. Also, you may find that there are other deals, such as free shipping of the purchase that you make.

TIP! Get everyone you know to give you their unwanted coupon inserts. When you have these added resources, you will have a lot more coupons to use.

The bottom line is that you should never be afraid of using coupons. Do not hesitate to use coupons. With these tips, you can really save a lot of money starting now. Begin saving today by utilizing coupons.