PERL PERSPECTIVE


SHOULD YOU REFINANCE?

SHOULD YOU REFINANCE?

Thinking about refinancing your home, but not sure what the process involves and whether or not you should take the leap? Obtaining a new mortgage to replace the original enables a borrower to receive a more favorable interest term and rate.For a borrower with good credit...





BUYING AND SELLING A HOME IN WINTER

SHOULD YOU REFINANCE?

When it’s so cold outside, your thoughts might begin to wander toward purchasing a home in an alluring warmer climate—perhaps one with a seashore. If that’s the case...





INTERIOR TRENDS FOR 2017

SHOULD YOU REFINANCE?

The forecasters and designers have spoken, and for 2017 they’re predicting some of the hot interior design trends to include terracotta tiles, cork and jewel tones...





HOW TECHNOLOGY IS REINVENTING THE MORTGAGE PROCESS

technology

Meaningful technological innovation is emerging that promises to revolutionize the mortgage-loan industry, including simpler practices for lenders and customers alike. Applications and documents are starting to be handled mostly online, meaning less expensive rates and faster turnaround...





10 WAYS TO GET YOUR RETIREMENT BACK ON TRACK

green_tax

Has the uncertain economy taken a toll on your retirement plan during the past five years? It’s not too late to get back on track—even if you’re in your 40s or 50s. If you’ve experienced a financial setback, here are some steps you can take to ensure that you’ll have enough money left in the autumn of life....





WHY FALL MAY BE THE BEST TIME TO BUY A HOME

fall best time to buy

While summer is a huge season for real estate — particularly for children with families — fall is fast becoming the new prime time to purchase a home. Autumn offers certain benefits to homebuyers, including year-end tax breaks, pleasant weather conditions...





FIVE EMERGING TECHNOLOGIES EVERY HOME WILL HAVE BY 2020

child_transition

In-home technology is stretching way beyond your wildest imagination. If not yet available for homes, many of the latest emerging technologies already are being used in some capacity and likely will make their way into homes in no time...





Mortgage Rates

Mortgage Rates

With mortgage rates hitting all-time lows—and likely to remain low throughout the summer—the prospect of reduced payments is spurring many borrowers to lock in lower rates. According to the Mortgage Bankers Association, mortgage borrowing is at its highest level...





5 Moving Mistakes and How to Avoid Them

Moving Day

Whether it’s cross-country or across town, moving to a new home can be both emotionally and financially draining. Being aware of the most common mistakes will help ensure a smooth move. Here are five fumbles you should avoid...





10 Terms You Need to Know When Buying A Home

Adjustable-Rate Mortgage (ARM)
A program with interest rates and payments that change over the life of the loan.

Annual Percentage Rate (APR)
The annual rate charged (including fees) for borrowing expressed as a percentage.

Assessment
How the government determines the amount of property taxes to be paid.

The lingo real estate professionals use can sound like a foreign language. Here are the top terms decoded so you, too, can keep up with the pros...





5 Ways You're Damaging Your Credit Score

5 Ways You're Damaging Your Credit Score

Even if you’re paying all your bills, you could be doing damage to your credit score without even realizing it. Here are a few things that may secretly chip away at your credit score...





Take Control of Your Credit in 2016

take control of your credit

Would you rather: announce your weight or your credit score to a crowded room?
More people would rather admit their weight than their credit score, according to a 2014 National Association of Credit Counseling poll. If that’s you, now is the time to set some financial goals. Your credit score is like a financial Fitbit, monitoring your fiscal fitness. If your score is less than 670, you’ve got some room for improvement. So, how can you work out your wallet and get your credit in tip-top shape this year? Make simple resolutions you can stick to...





5 Ways Millennials Help Home Values Skyrocket & What You Can Learn from Them

millennials

Traditionally, we think of Millennials as kids in ironic tees working to pay off a degree by pouring overpriced lattes. That’s not the reality though. Millennials today are all grown up and making a significant impact on the housing market. We can take cues from them to understand the housing trends and maximize real estate investments.

So what does Generation Y have to do with the value of your home? The potential impact is surprising...





What You Need to Know About Mortgage Documentation Requirements

Mortgage Docs

It wasn’t that long ago that mortgages could be made on little more than a wink and a handshake. Lenders took customers at their word that they were employed and made X dollars a year with no verification.

Those standards allowed almost anyone off the street to get a loan, so long as they had a decent credit score. Predatory lenders took advantage of the lax underwriting standards and made irresponsible loans, which then led to the Great Recession of 2008...



The New Era of TRID

change ahead

The new era of TRID, commonly known as “Know Before You Owe,” has arrived and Perl Mortgage, Inc. is both well prepared and well-practiced for the big changes. The TILA-RESPA Integrated Disclosure (TRID) Rule overhauls the way lenders disclose the details of a loan to borrowers. The Dodd-Frank Wall Street Reform & Consumer Protection Act mandating the TRID Rule is the most considerable act of legislation to impact the trade in nearly 40 years. The implementation has caused panic in the industry to meet the October 3rd deadline, but Perl Mortgage, Inc. has made a remarkably smooth transition...


HOMEOWNERSHIP TIPS


4 Ways to Pay off Your Mortgage Faster

pay off your mortgage faster

The average home loan is built on a 30-year term, but that doesn’t mean you have to wait three decades to be mortgage debt-free. Here are a few methods to boost your home equity and pay off your mortgage ahead of schedule...



Take Advantage of Your Mortgage's Tax Benefits

tax deductions

Tax season is rarely a reason to celebrate, but scoring a bigger refund certainly is. That’s why you should love your mortgage during tax season.

Here’s how your mortgage works in your favor come April 15th...



Prep Your Home Now

prep now

Thanks to the rising demand for housing and historically low mortgage rates, residential real estate sales are poised for a big 2016. If you’re listing your home this year, take advantage of the market and start prepping to sell long before that first open house.

Here are a few things you can do now to be ready to sell in spring:



5 Five-Minute Home Makeover Tips

home makeover tips

2016 is a new year and a great time to breathe new life into your living space. You don’t have to drop serious dollars to do it, though. We‘ve got 5 quick makeover tips that’ll deliver a style refresh without putting the pinch on your piggy bank...



The Do's & Don'ts of Upping Your Home's Value

Increase your home's value with these tips.

Your home is one of the biggest investments you’ll ever make. Even if you’re not looking to sell it, capitalizing on that investment is a good idea by making improvements to increase the value.

Of course, if you’re going to put money into improving your home, you'll want to be smart about it - targeting the projects that'll maximize your gains. And if you are looking to sell your home or refinance it, you’ll be surprised at just how quick and relatively inexpensive the improvements that deliver the most bang for your buck actually are...



10 Fall Home Maintenance Musts

Homeowner musts for fall.

Use these ten easy fall maintenance projects to keep your house in peak condition through the winter...



6 Home Renovations That May Hurt Your Home's Selling Price

Read before renovating.

When people renovate their homes, they often factor in whether those renovations will add to the resale value.

While few homeowners recoup the full cost of home renovations, updated bathrooms and kitchens, plus other improvements, can help you sell your home more quickly, and for more money. The added bonus is if you do the renovations while you live in the home, you get to enjoy the renovated spaces for at least a little while before it goes on the market...


NEWS ABOUT PERL


Nathan Britsch Recognized As Best Compliance Officer

Nathan Britsch, Best Compliance Officer

Perl Mortgage Inc.’s own, Nathan Britsch, was recognized as the Best Compliance Officer at the 2015 Illinois Mortgage Bankers Association’s (IMBA) Best in the Business Awards ceremony on October 1st...



PERL Mortgage Inc. was recently ranked #7 Best Mortgage Company to Work For in 2015 by Mortgage Executive Magazine

Perl Mortgage Inc. was recently ranked #7 Best Mortgage Company to Work For in 2015 by Mortgage Executive Magazine. One of the leading sources of industry news, Mortgage Executive Magazine features trade information and provides lists tracking the top performers in the mortgage arena...



Insider Mortgage Tips: An Interview with Ken Perlmutter of PERL

Tell us a little bit about your company and its foundation.
I founded Perl Mortgage Inc. in 1994 because I wanted to help provide people access to the American dream of home ownership. We have grown from two people working at my kitchen table to over 200 employees, licensed in 25 states, providing loans to thousands of homeowners every year. We have a customer satisfaction rate of over 97%. We pride ourselves on being large enough to matter but small enough to care...