All posts by Colin Robertson

Here’s Why You Won’t Be Getting a Low Down Payment Adjustable-Rate Mortgage

Here’s Why You Won’t Be Getting a Low Down Payment Adjustable-Rate Mortgage
September 1, 2015 No Comments »

In the wonderful world of mortgage underwriting, risk dictates everything. The more risk you present to a lender, the harder it will be to get approved for a loan. That amount of risk will also determine what interest rate you’ll ... Read More »

Why You Cant Sell Your Home Even If You’d Like To

Why You Cant Sell Your Home Even If You’d Like To
August 27, 2015 No Comments »

In California, the majority of homeowners who have pondered selling in the past year haven’t because they can’t find a replacement home. You’ve heard about inventory constraints and those obviously affect existing homeowners as well unless they make the odd ... Read More »

Fannie Mae HomeReady Will Help Lower Income Borrowers Get Mortgages

Fannie Mae HomeReady Will Help Lower Income Borrowers Get Mortgages
August 25, 2015 No Comments »

In an effort to boost home loan lending to lower- and moderate-income borrowers, Fannie Mae has created a new program called “HomeReady.” Fannie didn’t release all the details yet, but they expect to roll out the program later this year, ... Read More »

Jumbo Loans Now Available with Just 5% Down

Jumbo Loans Now Available with Just 5% Down
August 25, 2015 No Comments »

It sounds like the credit box is beginning to open up a bit more, maybe too much if the latest product announcements are any indication. This week, Parkside Lending launched a new jumbo mortgage that only requires a five percent ... Read More »

Is the Stock Market Correction Good or Bad for Homeowners?

Is the Stock Market Correction Good or Bad for Homeowners?
August 24, 2015 1 Comment »

So the inevitable happened – the U.S. stock market corrected after questions about the questionable Chinese economy sparked a global selloff. Over the past few trading days, the Dow, Nasdaq, and S&P 500 have all fallen by more than 10% ... Read More »

New Real Estate Trend: Sell Existing Home Before Buying Another

New Real Estate Trend: Sell Existing Home Before Buying Another
August 19, 2015 No Comments »

A new survey from online real estate brokerage Redfin regarding home buyer sentiment found that existing owners are a lot more likely to sell before purchasing a new home. In fact, the percentage of survey participants who said they would ... Read More »

Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score

Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score
August 19, 2015 No Comments »

The Federal Housing Administration (FHA) already has some of most relaxed mortgage underwriting guidelines around, but many lenders don’t originate loans based on their standards. I often receive questions like, “I have a 600 credit score but they won’t approve ... Read More »

How to Pay the Mortgage with a Credit Card for Free and Make Money Doing It

How to Pay the Mortgage with a Credit Card for Free and Make Money Doing It
August 7, 2015 2 Comments »

Back during the housing boom aka meltdown there were services that allowed homeowners to make their mortgage payments with a credit card. These services charged fees for the convenience, and looking back, they were probably only offered because people couldn’t ... Read More »

100+ Not So Great Places to Buy a Home

100+ Not So Great Places to Buy a Home
August 3, 2015 No Comments »

Below is an extensive and exhaustive (and silly but somewhat serious) list of places where it might not make the best sense to buy a house, assuming you want to realize healthy home price appreciation and enjoy a high quality ... Read More »