Mortgage Tips
Simple tips to help you save money on your mortgage.What is a Lender Credit?
Mortgage Q&A: “What is a lender credit?” Back before the mortgage crisis reared its ugly head, it was quite common for loan officers and mortgage brokers to get paid twice for originating a single loan. They could charge the borrower ... Read More »
Choose Your Own Term Mortgages
It’s silly mortgage product Friday! So I was driving out in Los Angeles today, listening to ESPN radio or some other sports station, when a mortgage ad came on the air. It was for “Crestline Funding’s MyFi,” which allows mortgagors ... Read More »
Do I Qualify for a Mortgage?
Sometimes I tend to skip past the seemingly basic mortgage questions, assuming everyone already knows the simple stuff. Unfortunately, that’s not the case, and much of what I think is simple isn’t really so straightforward. So let’s talk about qualifying ... Read More »
Mortgage Crisis Foreshadowing
I think a lot. Often, about mortgages. In fact, a day doesn’t go by when I don’t try to think of topics to write about on this very website. It’s not always easy to come up with new material, given ... Read More »
Are Mortgage Rates Going to Stay Low?
Well, it happened again. Mortgage rates crept down to yet another record low. It’s getting old at this point. To be honest, I’m sick of even talking about. Another week, another record. But it still doesn’t seem to be having ... Read More »
A Primer on Mortgage Down Payment Requirements
If you’re in the market to buy a new home or condo, you’ve undoubtedly thought (or stressed) about the down payment. But how much should you put down? How much do you need to put down? Well, back before the ... Read More »
Should You Bother Refinancing Your Current Mortgage Rate?
If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of money by refinancing. There. I won’t say it again because I know how cliché and ... Read More »
7 Reasons Why You Can’t Refinance Your Mortgage
With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing. Unfortunately, a lot of current homeowners are finding that they don’t qualify for one reason or another. That said, let’s explore some common ... Read More »
Why Adjustable-Rate Mortgages Are Bad News Right Now
With mortgage rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase a home or refinance your existing loan. After all, while 30-year fixed mortgage rates are ... Read More »
10 Ways to Build Home Equity
These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of credit or a refinance. The whole using your house as an ATM scheme to make ... Read More »
