I’m getting sick and tired of hearing about how restrictive and constrained mortgage lending standards are these days. It’s really not that hard to get… Read More »Mortgage Lending Standards Aren’t Too Tight, Really
Homeowners opt for ARMs instead of fixed mortgages for a number of reasons, but it’s mostly to save money. After all, adjustable-rate mortgages are offered… Read More »You Can Have an Adjustable-Rate Mortgage, But Only If You Educate Yourself First
If you watch Shark Tank, you’re quite familiar with Kevin O’Leary, the cynical money loving, yet somehow likable venture capitalist. Well, now he’s also a… Read More »Mr. Wonderful of Shark Tank Fame Thinks Real Estate Is a Crappy Investment
A few months back, I noted that Millennials, those born between 1980 and 1995, purchased the most real estate between July 2012 and June 2013.… Read More »Netflix, iPhones, and Lattes Are More Important than Saving to Buy a Home
Here’s a novel idea. If you’re having trouble paying the mortgage, and you can’t get any assistance from your lender/servicer, you don’t need to give… Read More »If You Can’t Pay the Mortgage, Live in Your Awesome Garage
It’s not uncommon for homeowners to take out a home equity line of credit (HELOC) behind their first mortgage to pay for home renovations or… Read More »Wells Fargo Vows to Fix the Flawed HELOC Product
A new survey from TD Bank revealed that a large percentage of recent home buyers needed mortgage insurance to get the deal done. The bank… Read More »Almost Half of Recent Home Purchases Required Mortgage Insurance
You’d think mortgage applications would be humming given the recent sizable declines in mortgage rates. After all, rates haven’t been this low since last November.… Read More »Refinance Applications Remain 65% Below Last Year’s Pace Despite Lowest Rates of 2014
Though HARP is often referred to as “Obama’s refinance program,” perhaps Vice President Joe Biden’s name should be in there as well. Why? Because the… Read More »Joe Biden Is a Refinancing Machine
Rules are inherently restrictive, but if there’s one thing the mortgage industry does well, it’s circumvention. For example, taking what appears to be a pretty… Read More »It Turns Out the Qualified Mortgage Rule Is Pretty Flexible
