All posts by Colin Robertson

Credit Bureau Experian Launches Real-Time Asset and Income Verification for Mortgages

Credit Bureau Experian Launches Real-Time Asset and Income Verification for Mortgages
March 21, 2017 No Comments »

Mortgage lenders have come a long way in the past decade. They used to approve loans without the need for income, asset, or employment documentation, and now they can verify all those things in seconds. Yes, that was half a ... Read More »

Mortgage Rates and Fed Announcements

Mortgage Rates and Fed Announcements
March 16, 2017 No Comments »

File this one under “no need to panic,” despite constant warnings of a Fed move impacting mortgage rates. You can’t blame them (the media) – it makes for a good headline, but much of what is thrown out there usually ... Read More »

A Return to ARMs

A Return to ARMs
March 8, 2017 No Comments »

Can you believe it’s already March? I can’t either, but it is, heck, it’s nearly April if you think about it, without overthinking it. Anyway, 2017 is well underway and the news so far in the mortgage world isn’t all ... Read More »

The 5/5 ARM Is an Adjustable-Rate Mortgage for the Faint of Heart

The 5/5 ARM Is an Adjustable-Rate Mortgage for the Faint of Heart
March 6, 2017 No Comments »

There’s a popular new loan in town that a lot of credit unions seem to be offering known as the “5/5 ARM,” which essentially replaces the more aggressive 5/1 ARM that continues to be the mainstay at larger banks and ... Read More »

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For

Warren Buffett Just Listed a Home for $11 Million That He Paid $150,000 For
March 6, 2017 1 Comment »

At first glance, I’m wondering why he didn’t list it for $10,999,999, but shoot, he probably has a reason. Legendary investor Warren Buffett has finally listed his vacation home located at 27 Emerald Bay in Laguna Beach, CA for $11 ... Read More »

Are Home Buyers Worrying About the Wrong Thing?

Are Home Buyers Worrying About the Wrong Thing?
March 3, 2017 No Comments »

A recent Zillow survey of housing experts found that rising mortgage rates and their impact on affordability would “be the most significant force driving the 2017 housing market.” The prospect of rising rates beat out a lack of inventory, shifting ... Read More »

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power
February 23, 2017 1 Comment »

With home prices (and interest rates) on the rise, it’s getting more and more difficult to qualify for a mortgage. One simple strategy you can employ to boost your purchasing power is to pay down existing debts. I’ve already warned ... Read More »

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans
February 21, 2017 No Comments »

It sounds like magic, doesn’t it? A mortgage that allows for a loan-to-value ratio as high as 120%, portability, and can be used to pay off student loans. Oh, and it can be tapped into when you need cash or ... Read More »

Mortgage Payments Are Eating Up Paychecks the Most Since 2010

Mortgage Payments Are Eating Up Paychecks the Most Since 2010
February 17, 2017 2 Comments »

One of the best ways to determine housing affordability is to measure monthly housing costs versus income, otherwise known as your debt-to-income ratio (DTI). Lenders impose maximums to ensure borrowers can afford monthly payments. If too much of your income ... Read More »