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Archive for the ‘Mortgages’ Category

Money in Motion

Taking care of first things first, our prior blogs talked about the importance of the Protection and Savings levels of the model. In the fifth and last part of our Financial Organization series, we deal with the third level, Growth.
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How safe is your Wealth?

The proverb goes “A “Picture is worth a thousand words” and the truth of that proverb is very clear once we’ve created the game board or visual picture of our client’s financial model.  As explained in our last blog, the model breaks down people’s wealth into three areas, Protection, Savings, and Growth and creates a visual representation of these areas.  It’s a very logical process, dividing each area into nine sub-areas, or “drawers”.  Once established, we open up and look inside each one of the 27 drawers to see what is in place, and what may need to be updated and/or changed.
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Life Success Tip – Keeping an Eye on your Credit Report and FICO Scores

An area that is often overlooked until it is too late is our credit reports and FICO scores. Here’s a suggestion that could head off any potential problems in being approved for a mortgage, refinance or any other type of loan. At least once per year (every six months if possible) click on the link below to be able to arrange a viewing of your combined credit report from the three major Credit Bureaus. Look for reported lates that need to be dealt with as well as whether closed accounts and paid off leases have been removed from the report. These things lower your FICO scores, which is what lenders look at to determine your credit worthiness.

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