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Nov 9, 2013 2:24PM
SIXTEEN simple steps?
People will get confused and forget what they learned before they get to step 6.

Sep 18, 2013 7:15AM

Just pay cash for a house instead of having a mortgage. Its not that hard to save up money and buy a house. If the only reason you have a mortgage is to get a tax deduction, you cannot do math at all. Pay CASH for a home or at the worst get a 15 year mortgage or less and never a 30 year!

Sep 18, 2013 7:09AM

The refinancing advice in step one doesn't make any sense. If you don't know if your current mortgage includes an escrow account to pay for taxes and insurance, you should have remained a renter.


According to this stupid advice, the article is suggesting that the buyer must of never looked at his/her monthly mortgage statement which breaks down the payment with principle, interest, pmi and escrow if the account was set up with an escrow account to pay for taxes and insurance.


Sep 18, 2013 3:52AM

How about:  Don't refi.

Get out there and do some odd jobs (sell blood plasma, bartend, clean houses/garages/basements, pick up doggie poo, cut lawns, deliver newspapers, etc.) and take the money you earn and send in extra "apply to principal" payments and pay the mortgage off early.

You'll save more by doing that than you will with a refi.

Aug 18, 2013 6:10PM


Stay away from Proficio Mortgage and The Money Source too. Proficio sold my mortgage immediately after closing, and used the wrong parcel to set up the escrow amounts (also paid the wrong taxes), which resulted in a $500 increase in my monthly payment. It took me 8 months to correct the problem with The Money Source - and that was only after I reported BOTH to the BBB.

Aug 18, 2013 2:50PM
Whatever you do stay away from Quicken Loans. I tried to refinance a loan and was pre qualified, but when the appraisal came in low it killed the deal. There were many gross errors made by the appraiser, and when these errors were pointed out to Quicken Loans they just ignored them. I had a Realtor do a comparable with current listings and the value came in 3 times higher than the appraisal.
Aug 18, 2013 12:46PM
I have tried for 3 years with Bank of America and they are the biggest scam.  I have hired lawyers who for 1 year have tried to negotiate and still nothing.  So I have given up and wait for the foreclosure letter and just disappear
Aug 18, 2013 11:51AM

DO NOT refi with CHASE BANK.  All it is, is a big run around.  No letters are signed. Telephone numbers to call with questions....never answer, if you get an answer, the person answering the phone never heard of the persons name on the letter.  Customer service persons ask really dumb questions when you go into a Chase bank office to discuss a loan or refi.  "Tell me about yourself starting with grade school"??????????

I said "are you serious"????????

Aug 18, 2013 10:55AM
Easier than 16 steps is a 1 step plan...pay it off. Is it easy?  No.  Not too much that is worthwhile is easy.
Aug 18, 2013 10:21AM
Capital Mortgage out of Lubbeck Texas is another Fraudulent company they embezzled my Escrow money (luckily I only lost $3500.00  because I caught it right away and refinanced with State Farm)  I got a judgment against Capital but could not get my money out of them crooks.  I also filed a complaint with Texas Attorney General company admitted they stoled from 50 mortgages but the "new" guy wasn't there any longer and AG did nothing what a joke!
Apr 3, 2013 12:26PM
Whatever you do, stay away from Costco Mortgage. They pass you off to an unethical mortgage company. When you ask them to help they say we will get right on it and get right back to you but you never hear from them. Their program does not have the old Costco integrity. 
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