Irresponsible lending is back. It is back in real estate and I am sad to say that my Board of Realtors had a seminar on it today. I did not go and neither should you. What’s a QM QM stands for Qualified Mortgage. This came about in January of 2015 due to post Recession legislation…. Read more »
Posts Tagged: mortgage
Qualifying buyers for homeowners is serious business. I have no patience for wailing agents who call me for help in such situations This is because I feel that not doing a thorough and adequate job on qualifying is irresponsible and unprofessional.
Shopping for Mortgage Rates I have written so many articles on why this is wrong. Shopping for mortgage rates is exactly not the place to look. This is marketing at it’s best because ad agencies have you convinced this is what to do. While they have you focused on mortgage rates you miss the most… Read more »
Introduction First time home buyer mistakes can be deadly. While home buyers today do a lot of research on the web, they are still vulnerable. Because of this, I’ve written a series of 10 articles. One for each issue. Today we begin with the #1 – Getting pre qualified. A List of First Time Home… Read more »
The Best Place to Start How to get a great mortgage rate involves several different aspects of your life. While all of them are important some are more so than others. The best place to start is to find a great banker. I’ve said it before and I’ll say it again – I love the… Read more »
I call these horrible people Mr Happy Banker because he tells you happy fairy tales or shoots rockets into the sky on TV. It’s all a big lie.
You’ve found a home you love so you make an offer. The house you want has a crowd of buyers. There are multiple offers along with yours. Most likely many of these offers are similar to yours. So how can you win this bidding war?
An explanation of the TRID mortgage process for home buyers
It’s Oct 3rd – The TRID mortgage begins and how you buy a home with a mortgage is forever changed. How mortgages are processed changes today. And the change is tremendous. New forms, procedures and time constraints – closing on a home is now a different world for both buyer and seller. Born out of the… Read more »
Lately I’ve been asked about refinancing quite a bit. Homeowners are beginning to worry – they sense that interest rates won’t stay this low for much longer. Just consider what’s been in the media lately. The Fed has indicated that it may start to raise rates in June though gradually. Credible financial sources are sending… Read more »