Its no doubt that the best way to beat inflation is with real estate and gold.
Real estate is positively is correlated with inflation, as both rent and value then to go up along with rising price. Gold is positively correlated with inflation, and also acts as a currency substitute that would rise in the face of a falling dollar. It may not happen in the next few months but it will soon, higher inflation then we have experience in the last few decades is coming and now is the time to take steps to beat it. Contact me today to find out how my investor clients are making this market another way to increase their net worth and keep their dollar from deteriorating. Its easier then you think!
“The government is spending trillions of dollars using a broad swathe of initiatives to fight deflation, which is the opposite of inflation. And therein lies the rub. Should the government's efforts succeed, and there are some signs that they may, the huge new debt issuance that's supporting them could lead to a spike in inflation that we have not experienced since the 1970s. The government will err on the side of letting inflation run a while, rather than risk a double-dip recession.”
---Cliff Gladson, Senior Vice President, Fixed Income Investments
Tuesday, July 21, 2009
Thursday, May 7, 2009
Top 10 Myths About Credit Scores Debunked
Top 10 Myths About Credit Scores Debunked
RISMEDIA, May 7, 2009-With many Americans considering a home purchase or refinance, seeking a new job, purchasing a new car, or striving to pay off credit card debt, 2009 might be the year of the credit score, said Bills.com president Ethan Ewing.
“Many Americans hold mistaken beliefs about credit scores,” cautioned Ewing, who heads the free online consumer portal at Bills.com. “Misinformation on television and in hearsay from friends and neighbors only compounds the problem.”
Here are the top 10 commonly held myths surrounding credit scores:
Myth #1: A credit score is a credit report. The credit report is a detailed listing of all debts and payments, going back throughout an individual’s entire payment history, Ewing explained. For each entry, it shows the creditor’s name, amount owed, the highest balance owed, the available credit, whether the account is open or closed (and who closed it), the number of late payments and whether the account is in default. A credit score is a number between 300 and 850 that is based on complex formulas incorporating all the data in the credit report.
Myth #2: Those who are not in default do not need to check their credit report. Everyone should check his or her credit report at least once a year (quarterly is not a bad idea in today’s market) to be sure the report contains no erroneous information. Visit www.annualcreditreport.com for a free, no-obligation copy of the report.
Myth #3: Checking a credit report damages credit. Reviewing your own credit information has no effect on a credit score, Ewing said. Neither does a credit report review by a prospective landlord or employer.
Myth #4: Everyone has one credit score. Credit score calculations are compiled using data from three different credit scoring agencies (Equifax, Experian and TransUnion). The resulting scores might vary slightly among the three agencies if they have slightly different information, but they will be similar.
Myth #5: Married couples share a credit score. If all of a couple’s accounts are joint, their scores will likely be similar, but each individual maintains a unique credit record and credit score. On the flip side, after a divorce, ex-spouses need to follow protocol to have creditors remove either party from a joint account.
Myth #6: Shopping for a loan destroys credit. It is true that “hard inquiries” - examinations of a credit score in preparation for extending credit can have a small negative impact on credit. However, credit bureaus take into account that consumers might inquire about a loan from multiple mortgage companies or auto lenders. “If multiple inquiries are received from the same type of lender within a 14-day period, the credit scoring companies do not count each inquiry against the borrower,” Ewing explained. But credit card account inquiries to open new accounts are counted individually.
Myth #7: To improve a score, close unused accounts. An important component of a credit score is available credit, or the unused credit that has been offered (on a credit card, for instance) but not used. Closing unused cards removes those available balances from the equation and can actually lower a credit score. Today, some banks are automatically lowering limits or closing accounts to reduce their own credit exposure. Individuals whose debt load is manageable should not experience an extreme effect on their scores.
Myth #8: To boost credit quickly, just pay off bills. Credit scores reflect performance over time. Scores will not change overnight.
Myth #9: For a fee, vendors can fix a bad score. Again, credit scores show historic behavior. Be cautious about companies that claim to “fix” or “repair” credit. “You yourself can remove inaccurate information,” Ewing said. “Beyond that, be aware that some companies send credit scorers a deluge of letters asking that they verify - and in the process, remove all past negative information. If and when truthful information is verified, however, it will quickly return to the credit report.”
Myth #10: Never get help - it is too hard on credit. It is true that credit counseling, debt settlement and bankruptcy all can cause significant black marks on a credit report. “If you are in real trouble, however, you can and should seek help,” Ewing urged. “Which option you choose will depend on the severity of your situation. Credit counseling can help to manage bills, and lower interest rates and monthly payments to creditors. Debt settlement firms can negotiate to lower the principal amount of your debts, typically providing a faster path to debt freedom than credit counseling. Bankruptcy, an even more serious alternative, should be discussed with a bankruptcy attorney.”
“Credit is important, but knowing the truth about credit might be even more important,” Ewing concluded. “Before taking action that might hurt or help your score, check your facts to be sure your actions will help your financial picture.”
RISMEDIA, May 7, 2009-With many Americans considering a home purchase or refinance, seeking a new job, purchasing a new car, or striving to pay off credit card debt, 2009 might be the year of the credit score, said Bills.com president Ethan Ewing.
“Many Americans hold mistaken beliefs about credit scores,” cautioned Ewing, who heads the free online consumer portal at Bills.com. “Misinformation on television and in hearsay from friends and neighbors only compounds the problem.”
Here are the top 10 commonly held myths surrounding credit scores:
Myth #1: A credit score is a credit report. The credit report is a detailed listing of all debts and payments, going back throughout an individual’s entire payment history, Ewing explained. For each entry, it shows the creditor’s name, amount owed, the highest balance owed, the available credit, whether the account is open or closed (and who closed it), the number of late payments and whether the account is in default. A credit score is a number between 300 and 850 that is based on complex formulas incorporating all the data in the credit report.
Myth #2: Those who are not in default do not need to check their credit report. Everyone should check his or her credit report at least once a year (quarterly is not a bad idea in today’s market) to be sure the report contains no erroneous information. Visit www.annualcreditreport.com for a free, no-obligation copy of the report.
Myth #3: Checking a credit report damages credit. Reviewing your own credit information has no effect on a credit score, Ewing said. Neither does a credit report review by a prospective landlord or employer.
Myth #4: Everyone has one credit score. Credit score calculations are compiled using data from three different credit scoring agencies (Equifax, Experian and TransUnion). The resulting scores might vary slightly among the three agencies if they have slightly different information, but they will be similar.
Myth #5: Married couples share a credit score. If all of a couple’s accounts are joint, their scores will likely be similar, but each individual maintains a unique credit record and credit score. On the flip side, after a divorce, ex-spouses need to follow protocol to have creditors remove either party from a joint account.
Myth #6: Shopping for a loan destroys credit. It is true that “hard inquiries” - examinations of a credit score in preparation for extending credit can have a small negative impact on credit. However, credit bureaus take into account that consumers might inquire about a loan from multiple mortgage companies or auto lenders. “If multiple inquiries are received from the same type of lender within a 14-day period, the credit scoring companies do not count each inquiry against the borrower,” Ewing explained. But credit card account inquiries to open new accounts are counted individually.
Myth #7: To improve a score, close unused accounts. An important component of a credit score is available credit, or the unused credit that has been offered (on a credit card, for instance) but not used. Closing unused cards removes those available balances from the equation and can actually lower a credit score. Today, some banks are automatically lowering limits or closing accounts to reduce their own credit exposure. Individuals whose debt load is manageable should not experience an extreme effect on their scores.
Myth #8: To boost credit quickly, just pay off bills. Credit scores reflect performance over time. Scores will not change overnight.
Myth #9: For a fee, vendors can fix a bad score. Again, credit scores show historic behavior. Be cautious about companies that claim to “fix” or “repair” credit. “You yourself can remove inaccurate information,” Ewing said. “Beyond that, be aware that some companies send credit scorers a deluge of letters asking that they verify - and in the process, remove all past negative information. If and when truthful information is verified, however, it will quickly return to the credit report.”
Myth #10: Never get help - it is too hard on credit. It is true that credit counseling, debt settlement and bankruptcy all can cause significant black marks on a credit report. “If you are in real trouble, however, you can and should seek help,” Ewing urged. “Which option you choose will depend on the severity of your situation. Credit counseling can help to manage bills, and lower interest rates and monthly payments to creditors. Debt settlement firms can negotiate to lower the principal amount of your debts, typically providing a faster path to debt freedom than credit counseling. Bankruptcy, an even more serious alternative, should be discussed with a bankruptcy attorney.”
“Credit is important, but knowing the truth about credit might be even more important,” Ewing concluded. “Before taking action that might hurt or help your score, check your facts to be sure your actions will help your financial picture.”
Sunday, January 11, 2009
Saturday, October 18, 2008
"If You Wait for the Robins Spring Will be Over"
Warren Buffett, the “Oracle of Omaha,” has often been quoted for his investment philosophy, “Be fearful when others are greedy, and be greedy when others are fearful.” Buffett repeated that philosophy today in a New York Times opinion piece, where he said he’s buying U.S. stocks for his personal portfolio to the extent that they will soon comprise 100 percent of his account.
In his Times piece, Buffett agreed that the current economic situation has plenty of negatives, including rising unemployment and slowing business activity due to the credit crunch. Stocks, however, will likely begin to rise before the economy and consumer sentiment show signs of recovery. “So if you wait for the robins, spring will be over,” he wrote.
This is also true for real estate, if you wait to buy till everyone else is felling confident in the market, then values will already be on the rise. You cant time the market perfectly, we never know the bottom till hind-site. With multiple offers on almost every bank owned foreclosure, the bottom of the bottom is near if not already here.
You can read the complete Buffett opinion piece on the New York Times website by clicking here.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=2&em&oref=slogin&oref=slogin
In his Times piece, Buffett agreed that the current economic situation has plenty of negatives, including rising unemployment and slowing business activity due to the credit crunch. Stocks, however, will likely begin to rise before the economy and consumer sentiment show signs of recovery. “So if you wait for the robins, spring will be over,” he wrote.
This is also true for real estate, if you wait to buy till everyone else is felling confident in the market, then values will already be on the rise. You cant time the market perfectly, we never know the bottom till hind-site. With multiple offers on almost every bank owned foreclosure, the bottom of the bottom is near if not already here.
You can read the complete Buffett opinion piece on the New York Times website by clicking here.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=2&em&oref=slogin&oref=slogin
Wednesday, October 15, 2008
Forclosures Decreased Statewide in September
Foreclosures decreased statewide by 12.4 percent and notices of default decreased 61.8 percent in September, which some attribute to the state law that went into effect last monthrequiring lenders to work with borrowers who are struggling with mortgage payments.
Monday, September 8, 2008
GREAT NEWS!
Great news on Interest Rates, Mortgage Bonds are soaring higher on this weekend’s announcement that Fannie Mae and Freddie Mac will come under control of the government. Meaning rates will be moving down and have already moved below 6%.
The government’s move to create a line of $200 billion to back all Fannie Mae and Freddie Mac loans at all costs is great news for homeowners. First, it ensures the continued liquidity of conforming loans nationwide and, second, it ensures that buyers of this type of Bond have a safe investment going forward. There’s no doubt that this will help the US housing market move through the current crunch that we’re in.
http://news.yahoo.com/s/afp/20080908/ts_alt_afp/useconomypropertyfinancecompany_080908144037;_ylt=Al3XGMxTUxwUcVgPvSfw6rOz1g4B
The government’s move to create a line of $200 billion to back all Fannie Mae and Freddie Mac loans at all costs is great news for homeowners. First, it ensures the continued liquidity of conforming loans nationwide and, second, it ensures that buyers of this type of Bond have a safe investment going forward. There’s no doubt that this will help the US housing market move through the current crunch that we’re in.
http://news.yahoo.com/s/afp/20080908/ts_alt_afp/useconomypropertyfinancecompany_080908144037;_ylt=Al3XGMxTUxwUcVgPvSfw6rOz1g4B
Wednesday, August 20, 2008
Just Listed/ Great Buy!
Just listed: 2747 Tiburon
This is one of the best homes for the value on the market in Carlsbad... I am very excited to market this home, one of its greatest features is the PANORAMIC Ocean and Mountain Views. The owners have made this property shine with stunning hardwood floors.
Immaculate 4 bedroom 2.5 bathroom home. Featuring Panoramic Ocean & Mountain Views from large flat usable back yard. Newer hardwood floors throughout the 1st level, designer paint, molding, and window coverings. Large tile kitchen with island & breakfast nook, formal dining room, family room and living room create the perfect living space. Enjoy the endless views from almost every room in the house. Spanish style architecture, and professional landscape. Very private and quiet, yet close to all. Come enjoy the best Carlsbad has to offer. Call today to schedule your own private tour of this amazing home. Priced to sell!
Monday, August 18, 2008
For Anyone Who Purchased a home during the 2004-2006 boom this is a must read...
Article Published by the LA Times Sunday August 17th
"Loving your house again
Forget the doom and gloom about a tanking market. You made a smart investment."
http://www.latimes.com/news/opinion/sunday/commentary/la-oe-ayres17-2008aug17,0,1698378.story
"Loving your house again
Forget the doom and gloom about a tanking market. You made a smart investment."
http://www.latimes.com/news/opinion/sunday/commentary/la-oe-ayres17-2008aug17,0,1698378.story
Monday, August 11, 2008
Tax Credit for 1st Time Home Buyers
New benefit for 1st time home buyers...see link below for more info
http://www.federalhousingtaxcredit.com/faq.php#1
http://www.federalhousingtaxcredit.com/faq.php#1
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