The demise of the mortgage industry is the news of the year. Exotic loans, predatory lending practices, high-flying investors buying risky mortgage securities, and the plight of homeowners faced with mounting monthly payments are just a few of the topics making headlines everywhere. But little attention is given to teaching consumers how to pay off […]
It can be a hard and draining task trying to get your house sold. Your house is on the market, and you’ve got a real estate agent in place that you can trust. Potential buyers show up, but no offers. Now what? To help aid in the selling of your home, I will outline some […]
Yes, things are changing in the mortgage business. Things HAVE changed; things ARE changing; things WILL change, and things will keep on changing. But, for the above-average, Billy Joe(l)-borrower, things are just about business-as-usual.
So what is all the confusion about – as you have hopefully read in my past […]
One of the “fun” things you get to do when purchasing a home is go to an attorney’s office (or whoever is handling the transaction) and sign lots and lots of documents.
Possibly the most intimidating document in this huge stack of papers is the very thick mortgage paperwork. Banks have all […]
A mortgage can be a real burden on your monthly budget. If you can pay it off a bit early, you can save a ton of money in interest, and you can release yourself of that stress ahead of schedule. Paying off your mortgage early isn’t as hard as you might think. Here are the […]
At first it might sound like a really good deal, a way to pay off your mortgage in advance, while at the same time reducing the amount that you have to pay at any single point. Bi-weekly mortgage companies are growing in popularity due to their convenience and the savings that they seem to offer […]
A pendulum swings back and forth between two extremes, accelerating always toward the equilibrium point. In terms of the real estate market, the mortgage pendulum shows how the housing market swings between extremes, with a booming market and an ease in attaining mortgages balancing a much slower market and a tighter hold on mortgages. In […]
Refinancing is the term that describes taking out a new home loan to pay off your existing one. Refinancing is done for a variety of reasons, but generally the purpose is to save money by obtaining a lower interest rate, or to exchange some of the equity in the property for cash.
What’s involved in […]
There has always been much talk about current mortgage rates, and what exactly is going on with them. It seems that the scene is always shifting. One moment you could be told that mortgage rates are at an all time low, and you should invest and buy property. This is what some people refer to […]
What kind of lender is “best?”
If you talk to a loan officer, he (or she) will probably say the lender they work for is “the best” and give you a list of reasons why. If you meet the same loan officer years later and he works for a different kind of lender, he will give […]