PFT #32 - Don't Refinance Your Mortgage Just to Refinance
There is an allure to lower your mortgage payment; however, you don’t want to refinance just to refinance.
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David Mulonas
- Jul 26, 2021
- 4 min
#69 - Couples Unified Budget Review
Should couples have their own bank accounts? Should they have one budget or two?
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David Mulonas
- Jul 15, 2021
- 1 min
PFT #30 - Credit Unions Competitive Borrowing Rates - Make a Positive Impact on the Budget
Many people handle their money with major banks; however, credit unions can offer many advantages that banks do not.
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David Mulonas
- Jun 3, 2021
- 2 min
PFT #25 - Rolling In Closing Costs into a Home Purchase or Refinance
Rolling in closing costs into a mortgage avoids paying money upfront, but it is costly and signals a need to save more before buying a home
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David Mulonas
- Apr 30, 2021
- 1 min
Government Sponsored Entities (GSEs)
A government-sponsored enterprise's (GSE) function is to enhance the flow of credit to targeted sectors of the economy.
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David Mulonas
- Apr 16, 2021
- 2 min
Should You Make Biweekly Mortgage Payments?
Many mortgage companies have a biweekly payment plan to make 13 payments each year. This can you save thousands of dollars interest.
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David Mulonas
- Apr 12, 2021
- 4 min
The 2008 Financial Crisis
The 2008 Financial Crisis was due to mortgage defaults, MBOs, CDOs. AIG needed a government bailout to pay claims and avoid financial ruin
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David Mulonas
- Apr 11, 2021
- 2 min
Loan-to-value (LTV)
Loan-to-value (LTV) is what lenders measure when a borrower buys or refinances a home. The higher the risk, the higher the interest rate.
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David Mulonas
- Apr 5, 2021
- 9 min
#53 - Millennials and Their Money - We Debunk the Stereotypes and the Myths
We are going to talk about millennials, stereotypes and money. There are many myths and we'll discuss what the truth really is.
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David Mulonas
- Mar 28, 2021
- 7 min
#52 - The Best Way to Manage Your Stimulus Check and the Future Impact on the Budget
Let’s take a scenario and say a family of four is making under $160,000 AGI. This means that $5,600 ($1,400 per person) will be sent out.
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David Mulonas
- Sep 15, 2020
- 5 min
#24 - What is Debt-to-income Ratio and to Use it When Purchasing or Refinancing a New Home
DTI is used as a measure for loan approval. We'll this explain simple calculation to be prepared when applying for a mortgage or refinance.
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