Mortgage Tips

Simple mortgage tips to help you better prepare for the mortgage process and ideally save money on your mortgage.

Is Housing Affordability Really That Great?

Is Housing Affordability Really That Great?
July 20, 2016 No Comments »

I keep seeing these data-driven posts from the likes of Zillow and other major real estate analytics companies making claims that housing affordability remains strong thanks to low mortgage rates. For example, Zillow mentioned that a home buyer earning the ... Read More »

You Probably Shouldn’t Go with the Mortgage Lender That Sends You Junk Mail

You Probably Shouldn’t Go with the Mortgage Lender That Sends You Junk Mail
July 18, 2016 No Comments »

Look Familiar? This probably goes without saying, but I’ll say it anyway because I recently received a very pressing letter in the post. It said “Important Notice” on the top left and then something about there being “time sensitive information ... Read More »

Create a Phone Number Just for Mortgage Shopping

Create a Phone Number Just for Mortgage Shopping
July 18, 2016 No Comments »

I think just about everyone can agree that shopping for a mortgage isn’t fun. This would explain why few people actually shop around for a mortgage, or spend any significant amount of time researching loan options. Instead, they just tend ... Read More »

Is It Actually a Good Thing That a Home Is an Illiquid Asset?

Is It Actually a Good Thing That a Home Is an Illiquid Asset?
June 30, 2016 No Comments »

Here’s yet another post on the rent vs. buy argument, one that never seems to go away. I’ve written extensively on the pros and cons, but a recent conversation provided me with another interesting nugget. I was speaking with a ... Read More »

Why You Might Want to Wait to Get That Refinance

Why You Might Want to Wait to Get That Refinance
June 29, 2016 13 Comments »

Over the past two days, Wall Street has essentially forgotten about Brexit, which just last week sent markets crashing globally. So far this week, the Dow and other major indices have regained much of what was lost due to the ... Read More »

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes
June 6, 2016 No Comments »

I had a nice little Sunday yesterday, strolling around a beach city south of Los Angeles with some friends of mine who were visiting from Portland(ia). They moved there about two years ago and bought a house without delay. I ... Read More »

Looking for 100% Mortgage Financing? Check Your Local Credit Union

Looking for 100% Mortgage Financing? Check Your Local Credit Union
June 1, 2016 No Comments »

We all know home prices are getting more expensive every day, and as a result, you may be looking for 100% mortgage financing when it comes time to purchase a home. Perhaps not out of preference but more out of ... Read More »

The Surprising Mistake a Lot of People Make Before Refinancing

The Surprising Mistake a Lot of People Make Before Refinancing
May 26, 2016 No Comments »

A new study from credit bureau TransUnion revealed that consumers still don’t get it when it comes to smart credit habits. Conventional wisdom tells us to halt or limit spending during the lead up to a mortgage application, whether it’s ... Read More »

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance
May 24, 2016 No Comments »

Here’s yet another anecdote involving some buddies who were arguing about their mortgages. This seems to be a trend lately. In short, both guys put less than 20% down on their respective home purchases, but one argued that he didn’t ... Read More »

Know Which Type of Mortgage You Want Before Speaking to Any Lenders

Know Which Type of Mortgage You Want Before Speaking to Any Lenders
May 19, 2016 No Comments »

So I was chatting with a couple buddies the other night about their mortgages, as I do sometimes, and the two of them were engaging in some light sparring. Basically saying their “mortgage guy” was better than the other’s “guy” ... Read More »