Monthly Archives: August 2015

August 2015

Compound Interest: 8th Wonder of the World

By |August 28th, 2015|

“Compound interest is the eighth wonder of the world.
He, who understands it, earns it … he who doesn’t … pays it.”
― Albert Einstein
Understanding how interest compounds may make you a better financial thinker and decision maker. When saving, you will be able to determine whether to use short term or long term savings investments (i.e. a money market account vs. term Certificates of Deposit). If you purchase a home you will be able to quickly decide if buying “points” makes sense.

Home Inspection Surprises

By |August 28th, 2015|

If you have ever sold a home, the home inspection phase of the process is the most nerve wracking. Many people hold their breath and hope there are no expensive surprises. There is a movement afoot encouraging the seller to have their home pre-inspected before putting it on the market.

The pre-inspection concept makes sense. It allows the seller sufficient time to use their preferred contractor or to fix the items themselves.  It gives the seller peace of mind knowing that there will be no expensive surprises. If the buyer chooses to have their own inspection, the seller can be confident that no major issues will surface. A savvy seller knows how to get ahead of the game by having these areas checked for damage.           […]

How Income is Determined

By |August 21st, 2015|

Dear Advantage Home Plus,
A friend of mine got prequalified to buy a more expensive home than I did. We work together, we both have second jobs and are overtime eligible so we made about the same amount of money last year. How do lenders calculate how much home you can afford?