Dave Muti's Blog

If you have not yet seen the news and you are the holder of a negative amortization mortgage that has multiple payment options and you are stuck because of a Pre Payment penalty you may be in luck.  These loans have many names such as Option ARMs, Pick-A-Payment and Cash Flow mortgages to name a ...

Many First time buyers ask What's a good timeline? Here is an example I am a first time buyer looking to buy a house in Ferndale, most likely a foreclosure. I am leaning towards an FHA loan. I will have a buyer's agent and have done lots of research about home buying. Okay, I planned to get pre-a...

Watch Dave interviewed on Mathew Sapaula TV show about theMortgage Crisis, about Dave's book mortgages: what you need to know and how to secure your financial future.

It goes against the grain but sometimes using your home equity for your business makes sense.  If you are a small business owner and you need financing to help your business grow, start a new business, your SBA loan is up for refinancing or maybe you need to buy out a partner?  Most small busines...

It turns out that the fears of inflation are starting to come true. We have been advising clients for some time now that this summer rates would begin to inch up due to inflationary concerns. In fact this has been the subject matter of our last three newsletters as well as some of my blog posts a...

Although it appears that there are great deals to be had, my advice for the average person is to stay on the sidelines and leave investments in the real estate market to the professionals. My reason for this cautionary approach is that I do not believe we are close to a bottom in the market. Seco...

Should you use your home equity to consolidate your debt? Now I know that mainstream financial writers and planners will disagree with my advice in this lesson but I don't care what the "mainstream" thinks. My goal in the advice I give my clients and people who read what I write is: How can I imp...

How to Save Thousands on Your Mortgage and Have the Seller Pay for it Although the seller concession/credit as part of a real estate transaction is not new, today they are becoming more commonplace due to a buyer's market. If you do not know what I am referring to, a seller concession is simply a...

Make Life Happen! One of the oldest sayings I know is "don't put off until tomorrow what you can do today". The original source of this profound advice is of course Benjamin Franklin. You would think that since this is the advice from one of the smartest people to ever walk the planet more people...

Your Credit History Gets Sold Are you aware that if you decide to accept a new credit card offered by a particular store to get a better discount or other perks that your information will be sold the next day to credit card and mortgage companies? Or if you submit your social security number to o...