We’re currently in a strange sort of housing crisis where existing homeowners are in a fantastic spot, but prospective buyers are mostly priced out. The… Read More »The Second Mortgage Sales Pitch Is Coming, Be Ready
Another fintech has been quietly growing in the mortgage space, looking to solve the age-old “buy before you sell” conundrum. A major challenge for prospective… Read More »Calque Looks to Solve the Buy Before You Sell Problem
With mortgage rates surging higher again, somewhat unexpectedly, a thought came to my mind if you’re currently home shopping. A couple years ago, I threw… Read More »Use a Higher Mortgage Rate When Shopping for a Home to Stay Within Budget
When the housing market crashed in the early 2000s, new mortgage rules emerged to prevent a similar crisis in the future. The Dodd-Frank Act gave… Read More »Is It Time to Bring Back the Mortgage Prepayment Penalty?
Mortgage Q&A: “Do mortgage payments increase?” While this sounds like a no-brainer question, it’s actually a little more complicated than it appears. You see, there… Read More »Do Mortgage Payments Increase? Here Are 4 Ways They Can Get More Expensive
If you’ve been paying attention, you may have noticed that mortgage rates have quietly crept back up to nearly 7%. While it appeared that those… Read More »Mortgage Rates Take Time to Fall, So Be Patient
I came across a report from CoreLogic the other day that said home equity loan lending increased to its highest level since 2008. Whenever anyone… Read More »Is Home Equity Lending Really That Crazy Today?
The nation’s largest mortgage lender, UWM, has launched a new 90% LTV cash-out refi to drum up more business. While it’s being sold to mortgage… Read More »UWM Is Now Offering 90% LTV Cash Out Refis. Should We Worry?
At first glance, assumable mortgages sound like an awesome solution to a problem home buyers have been facing lately. With mortgage rates now closer to… Read More »Assumable Mortgages Have a Down Payment Problem
Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately. The 30-year fixed had almost been sub-6% when the… Read More »A Temporary Buydown Could Make Sense While Mortgage Rates Continue to Fall
