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DMI Financial Inc
2005 Valparaiso St
Valparaiso, IN 46383

Are You Managing Your Finances Wisely?

Are you paying too much for your mortgage? Is your money being invested wisely?

If you are curious about how you could save money every month, why not see if I can help you?

Just give my office a call for a no-fuss, professional consultation.

I will not try to push you into making any quick decisions and I will not waste your time. I will just give you the honest facts about your financial situation.

And maybe I will save you a few dollars along the way!
Email or Call me to set up an appointment.

Quick Quiz

Each month I'll give you a new question.

Just reply to this email for the answer.

A riddle for you this month: What thing can you keep after giving it to someone else?

Why Not Pass Me to a Friend?

If you've enjoyed this newsletter and found its information useful, please forward it to a neighbor, friend or co-worker by emailing this link - Newsletters from DMI

Cheesy Bruschetta


•    Good-quality crusty bread, in thick slices
•    Sun-ripened tomatoes or cherry tomatoes, chopped
•    Basil
•    Sun-dried tomato paste
•    Parmesan cheese, thinly sliced or grated
•    Clove of garlic, peeled
•    Extra virgin olive oil
•    Balsamic vinegar
•    Salt and pepper


Lightly toast the bread until light brown around the edges.

Halve the clove of garlic and lightly smear it over the bread.   

Spread a thin layer of the sun-dried tomato paste over the bread, and then sprinkle or lay the cheese in a thin layer on top. Grill the bread in a toaster oven.

Mix the chopped tomatoes with torn-up basil leaves. Season.

Take the bread out of the toaster oven when the cheese has completely melted and turned slightly brown. Top with the tomato mixture.

Drizzle some extra virgin olive oil and add a dash of balsamic vinegar.

Worth Quoting

Get ready to share a joke, because April is National Humor Month. Here are some quotes about that funniest of subjects.

Humor is just another defense against the universe.

Mel Brooks

Humor is a rubber sword - it allows you to make a point without drawing blood.

Mary Hirsch

 A sense of humor is just common sense, dancing.

Clive James

The love of truth lies at the root of much humor.

Robertson Davies

Humor is by far the most significant activity of the human brain.

Edward De Bono

Humor is also a way of saying something serious.

T. S. Eliot



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Why Have an Annual Mortgage Review?

A mortgage is a major obligation. People look at their annual mortgage statements to see what they paid, but they rarely think what can be done with their mortgages.

What to look for

When reviewing your mortgage, look at the renewal date, interest rate and prepayment options. By looking these things, it may be possible to find a way to pay off your mortgage faster or save money.

The renewal date is the date your mortgage has to be renegotiated. Knowing this date tells you how long you will be paying the current interest rate.

Take a look at the rate

Reviewing the interest rate is important. It may make sense to get a new mortgage if your interest rate is higher than current rates.

The things to think about when setting up a new mortgage are prepayment penalties, lawyer fees and other expenses.

The question to ask is "Will I save money?"  You may also want to think about other debts you have. Would you save money on those debts if they were included in your mortgage?

Look at the pre-payment options. Making prepayments will cut the interest you pay by thousands of dollars unless there are penalties. How much would you save if you used some or all of your prepayment options?

Look at the type of mortgage you have. Is it the right type of mortgage for your current situation? What are the risks attached to the type of mortgage you have? What will happen to your payment if interest rates change?

Your annual mortgage review will tell you if your mortgage is right for you and if you will achieve your mortgage goal. Let me help you review your mortgage

3 Myths about Money That Make You Feel Poor

Some common myths about money can hold you backPeople, it seems, often have misconceptions about money.

While many of the things people actually believe are just plain wrong, some are detrimental to a person's financial health.

Following are some of the most popular money myths and a few simple tips to improve your financial attitude - and fiscal outlook:

1. Money Is Scarce

Surprisingly, this is probably one of the most common money myths in existence. Fact is that money is simply a unit of exchange for those things that are scarce, such as time and commodities. You can create more money by providing value for someone who is willing to pay for it.

2. Money Is the Root of All Evil

This often-quoted myth is erroneously attributed to the Bible, but even that is incorrect. The actual quote is: "The love of money is a root of all kinds of evil." The quote is from the book of 1 Timothy in the New Testament. Money itself is neutral. It can be used for good or bad, depending upon the priorities of the person using it.

3. It's All about Money, He Who Dies with the Most Toys Wins, Get Rich or Die Trying:

All these sayings reflect an attitude where money is the ultimate goal in life, but it's rarely that simple. Wealthy people tend to exhibit as much, or even more, depression, sadness and feelings of insignificance. So, as it turns out, "money can't buy love" might be a more appropriate money-related quote.

Picture credit.

Write clearly to help get what you want

How Your Credit Score Can Affect Your Insurance


Many people are unaware their credit history may strongly influence the cost of homeowners insurance. A poor credit score can result not only in higher insurance premiums but also in a denial of coverage altogether.

As credit lending standards continue to tighten, experts agree that it is more important than ever to keep a close eye on your credit score in order to avoid insurance rate increases or non-renewal of policies.

Why It Counts

The most commonly cited reason behind charging higher insurance premiums to those with lower credit scores is the belief that people who do not properly manage their finances are at greater risk of submitting a claim.

Useful Tips

Visit  to order your free annual credit report. Review the information for accuracy and immediately dispute any errors in writing. Not only will it help save money on the cost of obtaining a new loan, but it might help keep your homeowners insurance rates low.

Keep an eye on credit limits, late payments and other common credit problems. Lenders throughout the nation are reducing credit lines, increasing minimum payments and requiring higher credit scores. Smart consumers should make a point of keeping an eye on available credit and avoiding late payments, over the credit limits or other common problems.

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Buying Investment Property? What You Need to Know

With home prices and interest rates at historical lows, now is the ideal time to at least be looking into your options with regard to purchasing an investment property. 

Whatever your intent, your best bet is to start by doing two things. First, sit down and figure out what your goals are in purchasing a property, both short and long term. Second, figure out if it makes sense on paper. 

A good real estate agent or appraiser should be able to help in determining property values in a given location, with specific attributes such as venue, square footage and number of bedrooms, and what those properties would bear in a rental market as well.

Looking at foreclosures, short sales and bank-owned real estate is a good place to start looking for properties, as they are often below market value. Keep in mind that they may need a bit of work.

Financing an investment property is similar to financing a primary residence, but the rates are higher as are the reserve requirements.

Also, investment properties are financed primarily by conventional loans, as the Federal Housing Administration lends only on homes where the buyer intends to live, with the exception of multiunit properties where the buyer plans on living in one of the units.

Plan on putting 25% to 30% down, and have six months worth of assets in the bank with which to make the payments. This is a bit steep, but lenders want to know that you are committed to making it work..

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This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter. This newsletter is not intended to solicit properties currently for sale.