I’m clearing up some mortgage and homeownership federal income tax deduction misconceptions in this Conarchy’s Money Corner. PLUS… Are you paying something in your monthly mortgage payment that you shouldn’t be? Watch and find out.
“There are two things that make money: People make money and money makes money. If you allow your money to make money, that’s half the battle won.”
Are you putting all the money you can to work for you? Or is your disdain for debt forcing you to make a bad financial decision?
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 […]
There are three things we must possess in order to do something correctly. I share those three with you in this week’s Conarchy’s Money Corner.
If you have an Adjustable Rate Mortgage (ARM) or a Home Equity Line of Credit (HELOC) please take heed of my warning.
Do you even know what Blended Interest Rate means? Watch and find out.
I recommend you “waive your escrow” when you get a mortgage. That you shouldn’t pay your property tax and home insurance in your mortgage payment each month to your mortgage servicer.
Do not make major financial decisions quickly. Mortgage planning is a process, not a product.
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.
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
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