Team Hochberg Blog
Reverse Mortgage Loan Scam: Another Con Artist Takes Advantage of the Elderly
About once a week I see a story about some con artist who is scamming people out of money under the umbrella of a reverse mortgage, and this week I found this story. So let me say, for the 100th time. These stories have NOTHING to do with Reverse Mortgage Loans. They have EVERYTHING to…
Read MoreHow Much Does It Cost to Buy A Home?
Whenever people call 855-563-2843 to buy a home, they almost always ask me how much it’ll cost to buy a home. The answer is always the same… It depends. How much do you have to put down? It doesn’t have to be 20%! Are you interested in pursuing many of the grants and down…
Read MoreEverything You Need to Know About Your Credit Score
You hear from my credit enhancement expert Gary Novel every single Saturday on my radio show on WLS. Gary offers a tip about your credit every time he’s on and those tips are vital information for consumers who are credit challenged. No matter where your credit score is, my team can give you a plan…
Read MoreThe Housing Crash: Not Every Community Has Recovered
I came across this article from the Chicago Tribune that I wanted to share with you. It provides data and insight to something you likely are unaware of. While most of the country has recovered, some communities are still dealing with the fallout of the housing fiasco that began to show in 2007. In the…
Read MoreHomeowners Regrets and How You Can Avoid Them
Trulia recently came out with a survey detailing homeowners regrets about the purchase process. You can check out the various regrets in their survey, but I wanted to share with you my informal survey about the regrets of real estate financing. 1. Going with their realtors lender or the bank: You should shop around for…
Read MoreCash is No Longer King at Epic Burger and Elsewhere
I was talking to one of my expert loan officers who tried to go out to lunch at Epic Burger and had to put the order on her credit card because they are no longer accepting cash. Why is your mortgage guy writing about a burger joint no longer accepting cash? Because while more and…
Read More“Why do I have three credit scores?”
I had someone today, who happens to have excellent credit, “why do I have three credit scores?” This legitimate question reminded me that, while I’ve learned everything about credit from my Credit Enhancement Guru Gary Novel, not everyone has gotten the crash course in credit that I have. You have three scores because there are…
Read MoreRetirement Calculators: Reverse Mortgage Loans Can Help “Hack Your Retirement”
If you’re like a huge percentage of Americans, your retirement seems like a mysterious ideal that you know you should be working towards… but you don’t really know what you’re doing. The fact is, more and more financial experts and retirement advisors are encouraging people to take a look at reverse mortgage loans. Reverse Mortgages…
Read MoreEasing Regulation Make it Easier For You to Know Where You Stand
If you’ve been paying attention to me at all over the past month, you probably have heard me talking about THIS. In short, the requirements for liens and judgments that would negatively impact your credit score have gotten stricter, and therefore many of you might have your scores improve without any effort as those items…
Read MoreMortgages and Divorce: What You Need to Know
I’ve been divorced. It’s stressful, and the last thing you want to talk about is your mortgage, and navigating the paperwork associated with real estate. I then came across this blog, which makes the claim that navigating what to do with a house during a divorce is the most complicated part of a divorce. The…
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