You may have heard that you can lower your monthly mortgage payment without refinancing via a “mortgage recast.” These two financial tools are quite different,… Read More »Mortgage Recasting 101: How It Works and What It Does
If you’ve been renting out your own house or condo via Airbnb, or a similar service like HomeAway or FlipKey, you might have more difficulty… Read More »Airbnb Is Reportedly Messing Up Mortgage Applications
A new analysis from Zillow reveals that many homes would actually be worth a lot more today had there been no housing bubble back in… Read More »Zillow: Homes Would Be Worth More Without the Housing Bubble
It seems just about everyone is lowering mortgage down payment requirements to deal with rising home prices, this despite the near-record low mortgage rates still… Read More »Quicken Loan’s 1% Down Mortgage Program
While many expected the mortgage market to cool off this year thanks to both rising home prices and higher mortgage rates, the complete opposite seems… Read More »Mortgage Origination Volume Expected to Hit $2 Trillion This Year
Over the years, we’ve learned that buying homes near certain types of businesses can boost the value quite substantially. For example, homes near Starbucks tend… Read More »Buy a Home in a Good School District Even If You Don’t Have or Want Kids
A week or so ago, I was scanning through my archived posts and it occurred to me that my blog’s 10-year anniversary was just days… Read More »This Blog Is 10 Years Old Today: What’s Different Today in the Mortgage Industry?
No it’s not déjà vu, or Groundhog Day. Guaranteed Rate has launched yet another 1% down payment mortgage in the span of about a month.… Read More »New Guaranteed Rate Double Match Mortgage Gives You 2% of the Down Payment for Free
If you’re a little light on down payment funds, a company called FirstREX (now known as “Unison Home Ownership Investors”) might be able to help… Read More »Unison Will Provide Half Your Down Payment in Exchange for Future Appreciation
Let’s talk about real estate investment for a moment. A recent commentary from mortgage financier Freddie Mac revealed that those aged 54 and older control… Read More »Time Heals All Real Estate Wounds If You Let It
