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Market Update from Our CEO - 03.10.17

 

Daily Quote: The moment you are ready to quit is usually the moment right before a miracle happens. Don't give up.

You Know Things Are Different When…

You know things are different when big money is now more afraid of a weak Employment Situation Report (aka Jobs Friday release) then a strong one.  Let me explain.  Remember the days when the economic nerd in you would sit around the TV the 1st Friday morning of each month, precisely at 8:30 a.m., and wait for CNBC to release the latest jobs re

5 Ways Criminals Will Try to Scam You This Tax Season

Source: Yahoo! Finance

By: Daniel Howley

Tax season is a waking nightmare for Americans. Well, it is for me, at least. Between figuring out how to file, trying to understand my W2 and remembering how to do basic math, it can be extremely stressful. But there’s something even scarier lurking out there this time of year: tax scammers.

Yes, in case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard earned cash and personal information from right under your nose.

Money lessons from a divorce

 

From: MarketWatch

By: Alessandra Malito

Knowing the intricate details of your family’s finances can be tedious, but it can also save you financial headaches and heartaches if you get divorced.

The wrong time to figure out your money is when you’re nearing retirement, and yet more than 75% of retirement-age divorcées need a better understanding of managing

Market Update from Our CEO- 03.02.17

 

Daily Quote: From all that I have seen, time and time again, at least 90% of success derives from having a dream and knowing what you want.

The Tale of Two Trumps:

The markets continue to struggle with which Donald Trump really sits in the Oval Office.  Is it the Donald Trump who erratically tweets at 3:00 am about everything from Hollywood to Nordstrom’s to The Apprentice’s ratings or is the more staid, presidential Donald Trump we saw Tuesday night who discusses bipartisan support for pro-growth polic

Four Real Estate Trends for 2017 Investors Should Be Aware Of

From: Investopedia

By: Rebecca Lake

Real estate investing carries a certain degree of risk, but it also has the potential to be very rewarding. One factor that may contribute to your success as a property investor is the ability to adapt when necessary. Staying abreast of the latest developments and trends in the commercial and residential markets is important if you want to stay ahead of the curve. As 2017 looms on the horizon, here are the most significant trend

Do you have enough retirement savings for your age?

From: CNN Money

By: Walter Updegrave

I'm in my mid-40s and have about $700,000 in retirement accounts. Is that amount in the upper range for someone my age and does that figure put me on track toward a secure retirement? --F.P.

I don't think there's any doubt that your seven hundred grand puts you far ahead of most people your age when it comes to retirement savings. The latest figures from the Employee Benefit Research Institute (EBRI) show that the average IRA balance for people 45 to 49 years old was a bit over $72,000, while 401(k) participants in their 40s who've been with their employer more than 20 years (and thus most likely to be long-time contributors to

Buying a House on a Single Income

From: Investopedia

By: Daniel Kurt

At a time when a lot of young adults are postponing marriage, the number of Americans buying a house on a single income is substantial. According to the mortgage software firm Ellie Mae, as many as 47% of Millennial home buyers last year were unmarried.

Buying a House on a Single Income Is Possible

Why Spring is Ideal for Replacing Garage Doors

 

From: Remodeling

By: Kacey Bradley

Spring means spring cleaning for many homeowners and that means cleaning out the garage, a chore that no one likes. Yet homeowners always forget one task: checking on the condition of their garage door.

Aside from making sure the garage door opens and closes smoothly, homeowners don’t look beyond the fact that eventually the door will need re

Tips for Surviving a Fireplace Makeover

 

Source: Remodelaholic
By: Thalita

Hey Remodelaholic friends! If you’ve never seen my name around these parts, I’m Thalita and I normally blog over at The Learner Observer. We’ve been renovating our house for the better part of the last 3 months, and it’s safe to say that it’s been a crazy rollercoaster ride, but we’re surviving and even have a few finished spaces. We’ve managed to get the nursery ready for our twin boys, got the powder room in order, and the family room has also been finished. Yep. Three whole rooms!

Explaining the VA's Standard for Debt-to-Income Ratio

 

From: Veterans United Network

By: Chris Berk

When applying for a VA home loan, borrowers hear a lot about something called debt-to-income ratio.

It’s an important tool that plays a key role in determining if you meet in VA loan qualifications.

In essence, debt-to-income ratio, or DTI ratio, compares a borrower’s monthly debt payments to his or her gross monthly inc

Should My Partner and I Buy a Home Before We Marry?

 

Source: Workable Wealth

First comes love, then comes the mortgage, then comes the wedding? Although it may seem unconventional for a couple to purchase a home together before making the trek down the aisle, according to a 2013 study by Coldwell Banker, approximately 25% of couples between the ages of 18 and 34, and 14% of those aged 45 and older purchased a house together before they were married.

Here’s how to be unconventional, but also protect yourselves:

Which Mortgage Is Right for You?

From: Compass Mortgage

By: Laine Smith

Buying a home can come with an overwhelming amount of choices. What school district do you want to purchase in? Who should you choose for a real estate agent? How much can you afford to spend on your home purchase? Just like choosing a home style, there are several loan types and programs made to benefit a wide range of homebuyers.

Determining what loan type is best for you depends on several factors, including your income, debt, property type, reserves, down payment, credit score, etc. Here are a few of the most common types and their benefits.

The Best Time to Buy a House

 

From: SmartAsset

By: Amanda Dixon

Buying a home isn’t something you should do on a whim. After all, homebuyers have to make a lot of decisions. Besides choosing a location and deciding how much you’re willing to pay, you’ll need to think about when you want to seal the deal on a new home. Is the spring the best time to buy a house? Or would you have better luck waiting until the fall? Let’s look at what industry experts have to say about the best time t

7 Steps to Take Before Purchasing a Home

 

From: Pacesetter Homes

By: Will Murray

It's a big deal, purchasing a new house. In fact, this is probably the biggest purchase you'll ever make in your life. There is a lot to take in and yes, there is paperwork galore. So where do you start? We put together this list of steps to take before purchasing a home as a timeline to help you out.

Talk to Your Banker

First things first - you need to make an appointment with your banker or mortgage broker. You need to get into all the details of your finances and determine if you can affor

New Year Home Improvements

 

From: The San Diego Union-Tribune

By: Jamie Gold

Did you set any resolutions for the new year? If you’re like most folks, they probably included losing weight, exercising more, saving more money, spending more time with family, and other quality-of-life issues.

Those are all great resolutions, and I hope you fulfill every single one that you set. (Some resolutions never see the end of January!) I’d also like to add some for your consideration, as fulfilling any one of these will create a healthier home environment in 2017 and beyond. They also might be easier to achieve than the ones you’ve already set.


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AnnieMac Home Mortgage

The Mortgage Company

Jeff Coon

Phone: (732) 378-6104

1800 Rt 34

Wall NJ 07719