1 STOP MORTGAGE BLOG!

Give Your Home a Valentine with a Home Upgrade!

Give Your Home a Valentine!     It’s a great time for you in the today's housing market to add some extra value to your home. The wave of low rates that began on the second half of 2016 continue to fuel the influx of  the refinance and purchase markets. It’s never been a better time to spruce up your home and/or get a good deal on the sale of your home....whether now or later.  Home prices are higher now, owing to the overwhelming demand and the current shortage in housing supply.     What’s even better is how you can add ...

February 8th, 2017 | Renovation Fun!, Give Your Home a Valentine with a Home Upgrade!

Mortgage rates are a great bargain in today's market

The Fed and the State of Interest Rates       The Hershman Group reports today that the start of a new year is a good time to reflect as we previously have on the state of jobs and real estate. Another important factor we are monitoring is the movement of interest rates. There is no doubt about the fact that one benefit of our very slow and steady recovery from the Great Recession has been incredibly low interest rates. These rates have made homeownership and other large purchases such as cars more affordable for tens of millions of Americans. In addition, these r...

January 31st, 2017 | Interest Rates, Mortgage rates are a great bargain in today's market

Your Mortgage When You Divorce

Your Mortgage When You Divorce  - Divorce Happens But What About Your Mortgage?  - January 20, 2017 By Justin of Mortgage Info     Aside from the complex emotions and legalities involved in a divorce, there’s the couple’s financial situation to think of. Dividing property and debts, e.g. your house, is a point of contention in itself. How do you break up your mortgage after your marriage is over?You can look into these options to guide your decision on dealing with your mortgage affairs after the divorce. Let’s start from the most common to t...

January 25th, 2017 | Divorce and Your Mortgage, Your Mortgage When You Divorce

Mortgages Then and Now in America!

 A Brief History of Mortgages     In the day when someone wanted a home loan, he or she would walk to the neighborhood bank. If the bank representative knew the customer and considered the person a good credit risk, then the customer would get the loan. Mortgage loan terms were not the customer-friendly in those days. Loan terms were limited to 50% of the property value, and the repayment schedule was spread over three to five years and ended with a balloon payment.     Prior to the mid-1930s, America consisted primarily of renters, and only four in...

January 9th, 2017 | Mortgage News!, Mortgages Then and Now in America!

Your 1st New Year's Resolution to Do Today!

Your 1st New Year's Resolution -  Order Your FREE Credit Report on January 1, 2017!                       From the Best Financial Habits to Start Today Series Courtesy 1 STOP Mortgage  Be proactive! It's to your credit to make sure your credit history is "clean".  Try to get into the habit to review your credit report once a year, but it's especially necessary before you apply for any credit or if you are thinking about new employment. Order a report from...

December 31st, 2016 | About your Credit!, Your 1st New Year's Resolution to Do Today!

Joint Credit Has Several Faces

WHAT IS JOINT CREDIT?To have joint credit with another individual you don’t have to walk down an aisle and exchange a kiss with each other.  Without getting married there are different types of joint credit that can potentially harm your credit rating. As with marriage it pays to be careful who you open a joint account with. If the other person disappears or flakes out you are going to be responsible for the debt. There are three different kinds of shared credit.They are:Joint Credit - You are a full partner on the account. You fill out an application for a credit card or loan and t...

December 22nd, 2016 | Credit Card Debt, Joint Credit Has Several Faces

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1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134