Financial Update by Maurice Soussé

This weekend I am grateful for all those who have given their lives to protect us. They are truly Heroes and I pray for their families who have lost them.

Interest rates are holding steady this week. The 15 year fixed rates are very low. One reminder I’d like to share which has come up three times this week is credit for repairs. Lenders don’t allow credit for repairs. When a seller is giving a credit, but sure that it is labeled in the addendum as closing costs and prepaid items. Those are allowable credits. The total credit cannot exceed those costs.

As I am reflecting, I remember a quote from Oprah Winfrey who said “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough”.