Yesterday, I came across a great article on lending and the importance of credit scores. It was written by Stephan Varteresian, a mortgage broker at Secure Mortgage Corp, in Gardner and Milford, Massachusetts. Credit scoring is a big mystery to most people. There are numerous questions that encompass the credit score phenomena. * What is […]
Tip: if you are refinancing, you may face a prepayment penalty
If you are refinancing, you have probably already checked your current loan’s rules, to see if you’re going to have a prepayment penalty. If not, you should. You don’t want any surprises. Mortgage Expert, I applied and was approved for a cash-out mortgage refinancing. The loan amount was for $260,000, which I expected to be […]
Are you in an “untraditional” relationship? You can still buy a home
More and more people are staying unmarried these days. Maybe the 50% divorce rate has something to do with it, I don’t know. Really, I don’t know. Living this way doesn’t mean you have to miss out on all of the advantages of being married. Unmarried couples can buy a home, almost as easily as […]
Will U.S. kill deduction for home-equity
Whoa – I missed this story last week…yep, this would affect a lot of people… By Kenneth R. Harney, Boston Herald wire n WASHINGTON – Is Congress about to kill a popular rule that allows you to deduct interest paid on home-equity loans and lines of credit? The staff of the influential Joint Tax […]
Mortgage Advisors
Interesting tid-bit. Use this next time you’re at a cocktail party and someone (a blowhard) starts rambling on about mortgage loan rates. Mortgage Matters — Daily mortgage advice from Holden Lewis. IN THE E-MAIL: Daniel from (I believe) Seattle writes: “I appreciate your effort to keep prospective home buyers apprised of what is occurring in […]
Mortgage Matters – daily mortgage advice from Holden Lewis
Interesting tid-bit. Use this next time you’re at a cocktail party and someone (a blowhard) starts rambling on about mortgage loan rates. Link: Mortgage Matters — Daily mortgage advice from Holden Lewis. IN THE E-MAIL: Daniel from (I believe) Seattle writes: “I appreciate your effort to keep prospective home buyers apprised of what is occurring […]
Mortgage Matters
There is a great blog you should read every day. There’s a link, below, plus I copied a whole entry into my journal, so you can see how good he is. You should add this to your “Favorites” folder. It’s useful advice…and where else are you going to get that on the Internet? Mortgage Matters […]
Your Home: Quickly
Is your credit rating wrong? You can probably get it corrected much faster than you think, with a new service called “rapid scoring”, according to this article in the New York Times. Mention it to your mortgage broker. Link: href=”https://www.nytimes.com/2005/04/03/realestate/03home.html”>The New York Times > Real Estate > Your Home: Quickly Improving A Credit Rating. Home […]
World economy overheat threatens US
Will the overheating world economy bring down the US? Maybe, says Lou Barnes. Fed foolish to raise rates now Commentary: Despite U.S. problems, turmoil yet to unfold in Asia, Europe By Lou Barnes, Inman News The credit markets have concluded that inflation risk now forces the Fed into a sustained series of increases in its […]
Getting a mortgage loan is easy … if you can find a loan officer
Wow. Now that they are required, state and mortgage industry officials expected 20,000 applications at the Division of Banks for existing loan officers by the initial deadline of May 27. They received 5,643. Source: Once Seen as ‘Hot’ Profession, Loan Officer Ranks Thinning – Banker & Tradesman