When your balance gets over 50% of your available credit or your credit limit there are negative impacts on your credit score.

A lot of people get their credit score impacted by medical bills.  They assume that the insurance company took care of it.  Even if it's a small thing, anything that brings a collector to your door is not going to be a pleasant thing.

The great people at Castle & Cooke can help you fix those issues.

Never enter into a seller financing situation without being fully and thoroughly versed in exactly what you're doing and the underlying ramifications.

Help your buyers to be very upfront with your loan officer and with your real estate professional. Don't lie about anything, because it's going to get found out. The things that I have heard just absolutely blow my mind.

Those are the couple of things that you really have to deal with in a real estate transaction. And there's some good reason for that. A charge off can turn into judgment, a judgment can affect title and lien your title. So that's the last thing as a mortgage lender or a lender period that you want to have happened is to have that, a lien on there.

If the interest rate drops or you can drop the mortgage insurance and the difference offsets the closing costs, then yes.

But when it's just paying off credit cards, unfortunately, I've been doing this 22 years and I've worked with a lot of the folks the same time doing the same thing over and over again.

And that's the definition of insanity, right? Doing the same thing over and over again and expecting different results.

Raise your hand if you love mortgage insurance.  This insurance can be dropped with a refinance, but you need to weigh the costs of doing so.   Is it the right time?

IF you can do a no closing cost loan then it is a great idea.  But most often there will be some closing costs you will need to weigh the length of time you plan to be in the home with the savings and the values that are likely going up.

They also talk about investing and using a refinance to do that.

The Federal Interest rate has little effect on 30-year lending rates.

Things that do affect it

1- Trade wars

2- Economic uncertainty helps

Cheryl and Clay talk about getting comfortable about being uncomfortable by getting out of those comfort zones.