Whether you realize it or not, when you take out a mortgage you wind up paying a lot of money in mortgage interest. And that’s… Read More »A Mortgage Credit Certificate Can Save You Money on Mortgage Interest
It’s been a good year…for subprime mortgage lending. Yep, mortgages for borrowers with credit scores below 620 are growing like gangbusters, this according to the… Read More »Subprime Mortgage Lending Up 30.5% So Far in 2015
Just over a month ago, it seemed as if the FHA was loosening up. They launched the Supplemental Performance Metric, a measure introduced to ensure… Read More »FHA Comes Under Attack, Again, This Time by the Big Banks
Continuing my series of “Things My Friends Say,” I had yet another thought-provoking conversation with a buddy about the current state of real estate. I… Read More »I Wish I Could Buy a Home While Interest Rates Are So Low
Anti-Californian sentiment has reared its ugly head in Portland, Oregon where home prices are apparently spiraling out of control. An article in The Oregonian points… Read More »Portland Residents Don’t Want Californians Buying Their Homes
The last several years have been dominated by headlines of underwater borrowers and negative equity. In fact, it wasn’t long ago that about a quarter… Read More »More Than 37 Million Homeowners Have “Tappable” Equity
In an effort to cool off the white-hot real estate market in Sweden, the country’s Financial Supervisory Authority (FSA) has been given permission to require… Read More »Sweden Will Force Homeowners to Pay Down Their Mortgages
If you ask just about anyone, they’ll probably tell you it’s better to own a home than rent. You’ll most likely hear the age-old line,… Read More »It’s Not Cheaper to Own Than Rent? What!
While browsing the web the other day, an ad popped up on the screen for a company called EquityKey. Normally I’m not too moved by… Read More »EquityKey Gives You Money Now for Future Home Price Appreciation
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… Read More »Here’s Why You Won’t Be Getting a Low Down Payment Adjustable-Rate Mortgage
