Sunday, February 9, 2014

Credit Score

I have tried to take a page from Dave's book and not let a credit score define me.  However, as much I wish I could, it isn't always that simple.  As we prepare to get our house started, we are NOT where dave would want us to be.  However, we are doing our plan to see whats going on.  So with this, we do need a credit score.  It does drive me alittle nutty.  A credit score is "how good you are at borrowing money and paying it back"
Right now we still have 2 more loans.  A credit card and a student loan.  We had our credit run to go thought what our best options for our house loan are.  (I hope to post the differences in a few weeks about FHA vs Conv.)  My hubby was alittle disappointed his credit score was lower then mine and alittle lower then we want for our loan.  So, now we have a goal.  Once we put our 5% down to start building our house, it is our goal to get our credit score alittle better.  The reason for the lower score is we dont have alot of open lines of credit (which I feel is AMAING) however, that is not how the FICO sees it.
We are working to pay back half of our cc so our score will go up.  And in a perfect world.. since I really wish we lived in one.  We are working to get our credit card PAID OFF before we close on our house.  I know this is alittle wishful thinking, but if we can make this happy we will be debt free minus the student loan, and with the extra money from the car loan, and the CC. we could be DEBT FREE before we know it!!
Also since Liam won't be in school this summer we get to save an extra bit of money (forget about daycare.. ;) RIGHT? lol)

My Life

I have now read the first week of my Series 7 assignments.  Honestly the only word I can use to explain it is... BLAH!!!! ;) lol
I have read and read and read.. Honestly there are so many things about common stock, preferred stock, bonds, municipal bonds, what they mean.  where they come from and worst... The crazy equations that go along with each.

On the other hand, it is pretty incredible.  I never thought that I would learn so much after school... at least from a book.  I wish that EVERY text book was written like my study guide! It is far from fun to read but gives me al the information I have need and learned.

I still have 3 weeks before I leave my current Government job and enter the private sector... But it is pretty incredible!

Friday, February 7, 2014

Intrest rate?? WhAT?

I have been looking once again, into what loan we will be using for our new home.

YES we all know the BEST option is the 100% down.. however for me.  Not gonna happen

I have been trying to figure out the differance btween APR and Intrest rate for a while... and I haev found an answer.

Thanks to Bank Of America!
If you need this hope it helps! 

When shopping for a Glossary Term:mortgage Information Panel or thinking about refinancing your mortgage, keep in mind that an advertised Glossary Term:interest rate Information Panel isn’t the same as your loan’s Glossary Term:annual percentage rate Information Panel (APR). What’s the difference?
Why the difference? The APR is intended to give you more information about what you’re really getting. By making Glossary Term:lender Information Panel fees part of the equation, you can better see the true cost of a loan and make a fair comparison.
Keep in mind that the APR is for comparison between lenders only. The interest rate quoted is the actual interest rate you would pay on the loan.
So evaluate carefully when you look at the Glossary Term:rates Information Panel lenders offer you. Compare one loan’s APR against another loan’s APR to get a fair comparison of total cost—and be sure to compare actual interest rates, too.

Wednesday, February 5, 2014

SERIES 7!!!

This is now my new life!!




Only need 7 more followers till im at 75 Plz follow...if i get 100 followers soon, i will do a HUGE follow spree with shoutouts and a ton of other stuff!!! 
Not just ANY 7... The Series 7.   To put it simply this is commonly known as "STOCKBROKER EXAM"
Not too bad???????????? RIGHT???????????
Lets give you a few little facts
-It is a Test
- It is a SIX HOUR Exam
- 260 Questions
- Adminstred by feh Financial Industry Regulatory Authority.
-You only need a 72% to pass

Wall Street & Broadway 16x24, New York, NYC, Sepia, Duotone, City, Urban, Finance, NY, Money, Photography, Photograph, Photo, Fine Art. $44.99, via Etsy.
---oh and the small fact.  I take my exam on April 11!
 
 Time to learn what this means.
Bear vs. Bull Markets


 And where this is




The floor of the New York Stock Exchange, Wall & Broad Streets. [This had to be taken before business -- it's TOO clean & TOO empty! I know this from my Wall St. working experience. This place was a "zoo" in earlier years!]
 All the rules.. Regulations and EXCITEMENT of this Very special Place!! 


If I am MIA between now and then.... Thats my excuse!!