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

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Home Mortgage Tips You Need To Know About

TIP! Start preparing for getting a home mortgage early. If you’re thinking about purchasing a home, then you have to get your finances in order quickly.

Prior to getting a home mortgage, you need to go through a couple of steps. The first thing you have to do is learn all about mortgages in general. That process begins by reading below to learn all the tips and advice that will aid you through this process.

TIP! Long before you apply for a mortgage, look into your credit report and make certain everything is in order. The new year rang in stricter loan controls so getting your own affairs in order is more important than ever.

If you are upside down on your mortgage, you may be able to apply to get a different mortgage thanks to new rules in place. Prior to the new program rules, homeowners would apply and get denied for a new mortgage. Check it out and see if it can help you.

TIP! Get your financial paperwork together before you go to your bank to talk about home mortgages. If you bring your tax information, paychecks and info about debts to your first meeting, you can help to make it a quick meeting.

Predefine your terms before applying for a mortgage, not just to show the lender that you can handle the arrangements, but to keep your monthly budget aligned as well. This means you should have clear limits on what your monthly payments will be so you can base it on what you’re able to afford. You do not want to buy an expensive home that leaves you cash poor.

TIP! You will more than likely have to cover a down payment on your mortgage. In today’s world almost all mortgage providers will require down payments.

Be sure to figure out if you have had a decline in the price of the property you own prior to getting a mortgage. There are many things that can negatively impact your home’s value.

TIP! Before you try to get a new mortgage, see if the property value has went down. Your home might look just as new as it did the day you moved in, but your bank won’t look at it like that.

Consider investing in the services of a professional when you’re about to take out a mortgage. There is a ton of information to consider about financing a home, and you could benefit from consultation. They will also make sure that all of the terms of your loan are fair.

TIP! Don’t give up hope if your loan application is denied. Instead, visit another lender and apply for a mortgage.

Think about paying an additional payment on you 30 year mortgage on a regular basis. This will help pay down principal. If you make an extra payment regularly, you will pay off your loan faster and can substantially reduce the total amount of interest that you have to pay.

TIP! When mortgage brokers are looking at your credit report, it is more beneficial to have low balances on several different accounts than it is to have a large balance on one or two credit cards. Try to maintain a balance lower than 50% of your limit.

Do not allow a single denial to get you off course. Just because one lender has denied you, it doesn’t mean all lenders will. Continue trying to get a loan approval. You might need to recruit a co-signer, but you will likely find a mortgage you can handle.

TIP! Search for information on the different types of home mortgages that are best for you. Home loans have all different types of terms.

Now that you know a thing or two, you can start to look for a good home mortgage. Use what you learned and get the ideal mortgage for your specific situation. No matter if this is your first or second mortgage, all the tools necessary to help guide you through this process is here.

Simple Strategies For Dealing With Debt Consolidation Correctly

TIP! Paying off debt can be done through a loan. Talk to a bank or other lender in order to learn about the specific interest rates you may be eligible for.

Debt is a depressing situation that only gets worse as it is allowed to continue. When financial ruin is staring them in the face, some people take drastic actions. Rather than taking negative steps, learn how combining your debts can work for you.

TIP! Lots of people succeed at lowering payment obligations with a simple call to creditors. Creditors often want to work with most debtors to alleviate debt.

When you are exploring debt consolidation options, do not assume that a non-profit business is completely trustworthy or that they will give you the best terms. Some imposters steal the term and make deals that are bad for the consumer. Make inquiries with the local BBB or get a personal recommendation.

TIP! Get a loan to repay debts, and then discuss settlement offers with your creditors. You would be surprised to know that a creditor will more often than not accept around 70 percent if you offer a lump sum.

As you choose a debt consolidation agency, think long-term. You want a company that is willing to work with you later on as well as in the short-term. They may be able to help you avoid debt in the months and years to come as well.

TIP! Debt consolidation can be the help that you are looking for if they are not a scam. Remember that if it looks too good, it most likely is.

Use a wide variety of criteria to help you in your selection of a debt consolidation company. Even though you’ve heard differently, not for profit doesn’t mean they know what they’re doing. Check out any company by visiting your local Better Business Bureau.

TIP! Using your 401-K, you can pay off your debts. You will then make payments to pay the loan back.

Do you possess life insurance? If so, consider cashing out your life insurance policy in order to repay some of your debt. Talk to your agent about what they can offer you. Sometimes, you can borrow part of what’s invested in the policy to help pay off debt.

TIP! Locating a reputable local credit counseling office will be important. These places will allow you to get help with your debts and may get every account put into one.

Let your creditors know if you’re working with a credit counselor or debt consolidation agency. They might be willing to offer payment alternatives. This is important, because they may not realize that you are talking with anyone else. Knowing you are attempting to make things better might help your case.

TIP! Your debt consolidation agency will offer personalized recommendations. A professional who presents you with a few options without taking the time to learn anything about your situation is not a good choice.

If you are homeowner, you can refinance your mortgage and use the extra cash to pay off your other loans. Rates are low, so it is the best time to consolidate what you owe this way. You may be surprised by how low your house payment will be, too.

TIP! Find out about the privacy policy. Determine how the company plans to keep your information secure.

Bad choices are easy to make when you are facing financial ruin. This is not necessary, and you know that now. Take what you have learned and start taking steps to resolve your financial problems today.

Solid Strategies To Finding Success And Savings Using Coupons

TIP! Learn the coupon policies of the stores you frequent. Will that store accept competitor coupons, Internet coupons, or allow you to double up coupons? If you do not know the policy, then you will have a hard time knowing if you will be able to use the coupons you take to the store.

Coupon shopping is a strategic art. It takes a lot more than just getting a few coupons clipped and saving a ton of money. You not only need to know where to find coupons, but you also must understand how to use them effectively. This article will be able to assist you in getting information on coupons.

TIP! Dedicate a specific day each week for your couponing efforts. This can help you to organize as best as possible.

To make the most of your savings, use coupons in conjunction with sales. Sometimes, you will need to wait to use your coupon at a later date. This may also mean that you will need to make more shopping trips, but the money you save will be worth the trouble.

TIP! When you sit down to snip out coupons, go through the ads first to match up deals with the items you already intend to buy. You might just see that visiting multiple stores can score some big savings over going to a single store.

Use the cutthroat tactics of grocery store competition to your advantage. Coupons from one store are probably usable at a competitor. By using this to your advantage, going from place to place to save the most can be avoided. This can also save you money by cutting fuel costs that would go towards traveling to several stores.

TIP! Once at the checkout, be sure that your coupons scan properly. You would be surprised at how many coupons do not scan at the register, whether it be a problem with a coupon or with the store.

Set aside one day each week to exclusively search for coupons. Making it part of your routine is the efficient way to go about it. Try to spend a good amount of time researching and clipping to make the most of your couponing efforts.

TIP! Use coupon clipping services to help you save even more. You can order multiples of the best coupons and use them when your favorite items are on sale.

When looking for coupons to clip, you should go ad shopping to locate the coupons you intend on using that are on your grocery list. You might decide to shop multiple stores in order to reap the most savings.

TIP! Think about purchasing bulk items. Purchase items you really need when there are coupons.

Shopping at discount stores that take coupons is a great help. It is frequently possible to find products in dollar stores on which you can use your coupons. Many overstocked products are sometimes sent to low-end retailers to offset costs. You can be the one who really saves big by taking advantage of the low price.

TIP! If your desire is to maximize your coupons, you will have to go shopping every week. Even if you’re just buying the weekly specials according to your list, it will benefit you.

Many people have become very successful at redeeming coupons and realizing big savings. But the most successful users of coupons are putting a lot of time and organization into their coupon collecting and using. Use these tips and tricks to get more from your couponing.