Mortgage points, the upfront free a buyer can pay to lower their monthly interest rate, are very common, but often misunderstood. In this video, David Talbott, a Mortgage Advisor with Samuel Scott Financial Group, shares the basics of how Mortgage Points impact a home loan. Find out how to calculate the cost of points and […]
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In this video, Debra Roberts, a Mortgage Advisor with Samuel Scott Financial Group, explains the difference between two common types of mortgages: Fixed Rated Mortgages and Adjustable Rate Mortgages. She breaks down the pros and cons for each type of mortgage and answer the most common questions borrowers have about these two types of home […]
Continue reading …In today’s economy, it’s not uncommon for borrowers to have less than perfect credit. When the housing market crashed in 2008, many people lost their jobs and were left struggling to make ends meet. These financial hardships led to missed mortgage payments, foreclosures and sometimes even bankruptcies. But now, as the economy begins to shift, […]
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While recently exploring through The Carmel Valley Life I realized it’s been a year since I have been involved with this wonderful community website. It occurred to me how quickly this past year has gone by, and almost gave me a strange feeling because I can perfectly remember writing my first article about the holidays […]
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In today’s economy, coming up with enough money for a down payment and closing costs can be challenging, especially for younger and first-time home buyers. It’s not uncommon for home buyers to borrow money from family or close friends to help with the costs of purchasing a home. In this video, Christian Alvarez, a Mortgage Advisor at […]
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The estate plans of the rich and famous regularly make the news. The battles surrounding Michael Jackson’s estate are no secret, and Whitney Houston’s estate plan (or lack thereof) has received criticism this past year. The newsworthiness of these celebrities seems to indicate that only the wealthy need an estate plan. That couldn’t be farther […]
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Establishing a very good partnership with your divorce attorney is critical as it has an enormous impact on the process, outcome and cost of your divorce. Take time to carefully pick the best attorney for you. Here are some do’s and don’ts to get you headed down the best path. 1) Before going to see […]
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While the majority of borrowers use conventional financing for their home loans, sometimes non-conventional financing is a better option… and sometimes non-conventional financing is the only option. In this video, Christian Alvarez, a Mortgage Advisor with Samuel Scott Financial Group, explains the different types of specialty loans that are available for buyers with “out of the […]
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Private Mortgage Insurance (PMI) is required any time you are financing a loan that is higher than 80% Loan to Value. Or in other words, if your down payment is less than 20% of the home’s sale price. In this video, Mark Robertson, a Mortgage Advisor with Samuel Scott Financial Group, explains Private Mortgage Insurance payments, terms […]
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The term REFINANCE can be misleading. It doesn’t involve re-working an existing mortgage, but rather taking out a brand new loan. Basically, you will be paying off the old loan with a whole new loan. Which means the refinance process will be very similar to the one you went through when getting your original mortgage. In […]
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Tips to avoid loss of important documents. Imagine your family trying to search stacks of paper in your home to find your estate plan. In those stacks, they find nothing but old bills. They turn to your rolodex and find a business card for an attorney. They call that office in hopes it was your […]
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To Buy or Not to Buy: That is the Question… It’s not uncommon to hear people talk about delaying the home-buying process until home prices drop, in order to guarantee that they are purchasing a home at the best possible price. As a Mortgage Advisor with Samuel Scott Financial Group, Mark Robertson frequently hears people voice their […]
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