Yesterday we talked about MPRs or minimum property requirements. We told you about dry rot and wood destroying insects. Today we have two more MPRs that you should look out for.

Home Accessibility

When you’re dealing with a VA home loan, the VA has what it calls Minimum Property Requirements (MPRs). These are minimum standards a home must meet before the VA will guarantee a loan.

Occasionally MPRs can cause a delay in the loan process, frustrating some buyers and sellers when they would rather “overlook” the violation. It’s important to know that the MPRs are designed with your best interest in mind.

You know that feeling you had as a kid when you went to buy a candy bar? You had exactly .25 cents, so you had to choose carefully. The king size bars were .50 cents - that was too much. You could buy two packages of gum for .10 cents each, but then you would have .05 cents leftover. You finally decided on the .25 cent chocolate bar. With your mouth already watering, you went to the register to pay.

There is a magic word in credit called “utilization”. Utilization is simply the amount of credit you are using compared to the credit limits you have.

So if you have a credit card with a limit of $2500 and you’re using $1250, then your utilization is 50 percent, and that’s not good. If you have a high utilization, that sends a signal to lenders that you spend without regard for the need to repay.

Today is Independence Day and we’re excited for all the fun things that are going on. We know that you have a lot of fun things planned, and we hope that you can celebrate safely.

With Independence Day around the corner, we thought we would share some of our favorite quotes about our nation.

Liberty is always dangerous, but it is the safest thing we have.  ~Harry Emerson Fosdick

We’re excited for the new month! With summer now in full swing, we know it can be easy to get distracted with all the summer camps, vacations, and events.

Have you seen the ads boasting ridiculously low interest rates? We have, and we think you should be cautious. There is a term in advertising called "bait and switch", and it’s illegal.

In just the past month rates have gone up by about 1 percent, but you’ll still see rates being advertised far below the national average. They pull you in and you end up with a loan that is completely different from what was advertised.

We love this amazing country, and we love celebrating our independence with fireworks! During this fun time of year, we want to remind you of two very important things.

The first thing to remember, is why we are celebrating this holiday. Even though we often call the holiday the 4th of July, it really is our Independence Day. A day to be grateful for the many sacrifices made so that we can live in this free land.

Flag Day 2013

Do you know what flag day is? What does it mean to you?