Mike McGlynn's Blog

Buying rental property can be an excellent decision and the better informed you are, the more likely you'll have favorable results.  The following suggestions can help you with your decisions. Real estate is a long term investment affected by supply, demand and the economy.  It isn't an investmen...

There is an infrequently-used mortgage program available that could be the solution to a buyer's or seller's problem. A temporary buydown is fixed rate mortgage that the seller has prepaid interest at closing to lower the payments for a number of years.  The borrower must qualify at the note rate...

"If I tell you it's going to rain, you can put the buckets on the porch." If you grew up in the south, you made have heard this expression when a person is testifying to the veracity of his word. If you know a person and/or their reputation, you know whether you can trust their word or not. Howev...

Credit scores are used by lenders to measure the credit worthiness of borrowers. While there are several different companies that offer scores, the FICO, Fair Isaacson Corporation, is the model that is used most often. There are five key components that determine the overall score or rating. The...

One of the big banks has a voluntary program available that transfers $100 each month from your checking account to your savings account. In five years, the account owner would have over $5,000 because of a type of forced savings. Similarly, when a person buys a home with a standard amortizing lo...