I received a phone call from a client this past week asking “Can I lower my monthly mortgage payment without refinancing?” He has a 4.125% interest rate, so he does not want to refinance and get rid of the current low rate he has. But he does want to see if he can get a […]
If you have an Adjustable Rate Mortgage (ARM) or a Home Equity Line of Credit (HELOC) please take heed of my warning.
In this Conarchy’s Money Corner, I answer the question: Is a mortgage a loan against a home? Sounds like a silly question, right? Think you know the answer? Watch because I’m betting you’ll be surprised by my answer. And most importantly, why this matters to you.
Request my free mortgage review at: http://www.ReviewMyMTG.com
The article I mentioned is at: http://time.com/money/3655552/emergency-savings/
Watch and learn why it’s actually risky to own your home free and clear. Also learn why you will never be able to get rid of your mortgage payment, no matter how hard you try. And why putting all your money into any one thing is not financially prudent these days.
Here are […]
Mortgage rates have been on the increase since May. Most economists believe they are only going higher. So it’s imperative to act now while they are still near historic lows. I offer a free mortgage review to assess if you’re in the best mortgage to fit your financial needs for the next 30 years. […]
Changes to HARP Program Announced
(No Video for this one. Just some basic information on HARP 2.0 refinance program. Look for a video from me when we know more details on HARP 2.0.)
You may have heard Monday that President Obama presented a plan to open up refinancing to more homeowners who are underwater. I […]
(this is a written update to the DVD you can get for free at www.BLTDVD.com)
From Ric Edelman’s newly revised book The Truth About Money
Many people misunderstand or misrepresent the benefits of mortgages, and they get the key points wrong. If you read this chapter from The Truth About Money with an open […]
Ed Conarchy
Mortgage Advisor
NMLS # 215698
Providing Personal Mortgage Advice Since 1990
Cherry Creek Mortgage
495 N. Riverside Dr., Suite 206
Gurnee, IL 60031
Phone: (847) 970-4239
Fax: (847) 557-2088
Ed Conarchy NMLS # 215698
Licensed in Wisconsin, Illinois, Indiana and Michigan
Cherry Creek Mortgage Co., Inc. NMLS # 3001
Illinois Residential Mortgage Licensee # 0005759
Ed In the News
11 Great Reasons To Carry A Big Long Mortgage