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Category: Financing

Full Service Mortgage Origination Team with CSMC Mortgage

Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of…
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5 Factors that make up your credit score

Credit scores surprise many people who assume that if they never miss a payment, their FICO must be good. But your credit score is more than just your payment history. It takes 5 factors to create a credit score: Payment history Credit utilization (amounts owed and number of accounts) Credit mix New credit Length of…
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Buyers trying to cut corners? Don’t make these 6 mistakes

 “Measure twice, cut once,” so the old age goes. Buying a home is an expensive proposition, no matter how you slice it.  It entails many significant costs, and for many, this is the single largest purchase they’ve made in their entire lives. No matter whether they are spending $200,000 or $2 million on a home,…
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What to Expect for a Rental Property Down Payment

If you’ve got extra cash, you might consider investing that money in a rental property. Rentals can help diversify your investment portfolio and build financial stability. If you haven’t purchased a rental before, there are a few things you need to know about the down payment. How Much You Can Expect to Put Down Put…
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Fed announces rate-hike decision

Fed announces rate-hike decision The Federal Reserve held rates steady today, but left the door open for further rate hikes. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the Federal Open Market Committee said in a statement. “In support of these goals, the Committee decided to maintain the…
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Common Closing Costs (and How to Limit Them)

Buying a new home is one of the most exciting events in your life, but the enormity of it all can be daunting. You’ve got to set your price range. Then you need to research your new neighborhood. And before you move, all your belongings will have to be packed into boxes. With everything going…
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