Welp, another day in 2025, another mortgage lender calling it quits. This time it’s depository Washington Federal Bank, or WaFd for short. The Seattle-based bank,… Read More »WaFd Bank Exits Single-Family Mortgage Lending Business
As I’ve said before when talking about mortgage, what a difference a week makes. Or even a couple days. If you’re new to mortgage rates,… Read More »Mortgage Rates Get Boost from Bessent and Soft Economic Data
Mortgage Q&A series: “What is a letter of explanation for a mortgage?” If you’re currently going through the joyful process of obtaining a home loan,… Read More »What Is a Letter of Explanation? Your Chance to Talk to an Underwriter
If you haven’t been feeling 30-year mortgage rates recently, maybe an ARM could suit you better. This is especially true if you don’t plan to… Read More »What Is a 3/1 ARM? A 30-Year Loan That’s Only Fixed for the First Three Years
You’ve heard the news – mortgage rates jumped from close to 6% back in September to over 7% in less than a few months, before… Read More »10 Simple Ways You Can Save Money on Your Next Mortgage
With second mortgages like home equity loans and home equity lines of credit (HELOCs) growing in popularity lately, I figured it’d be prudent to talk… Read More »Can You Refinance a Home Equity Loan or a HELOC?
While the Los Angeles wildfires are still ongoing, some mortgage relief options are beginning to roll out. This morning, both Fannie Mae and Freddie Mac… Read More »Fannie, Freddie, FHA, and Chase Announce Mortgage Relief for LA Wildfire Victims
I saw his seemingly straightforward question posed and was surprised I’d never really addressed it. I’ve been writing about mortgages on this blog since 2006,… Read More »What Is the Downside of Getting a Mortgage?
Well, 2025 is off to a rough start with one fairly large mortgage lender calling it quits already. Ally Financial is reportedly done with mortgage… Read More »Ally Financial Calls It Quits on Mortgage Lending, Will Lay Off Staff
In the mortgage/real estate world there’s a saying: “Drive until you qualify.” It’s a cute way of saying if you can’t afford a home in… Read More »Should You Drive Until You Qualify for a Mortgage?
