Specialty Mortgages: Risks and Rewards
Saturday, March 12th, 2011In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages and instead opting for a specialty mortgage that lets them “stretch” their income so they can qualify for a larger loan. But before you choose one [...]
Homeowners Face the Reality of Negative Mortgages
Saturday, March 12th, 2011The idea of being upside down on a vehicle is not that new. This commonly occurs when a consumer makes the decision to purchase a new vehicle before they have paid off their existing vehicle. As a result, the balance of the loan on the existing vehicle is added to the note for the new [...]
Mortgage Lenders Act Like Your Friend In Need, But We Try To Line Their Pockets At The Expense
Friday, March 11th, 2011A client of mine has received a “Smart Watch Report” by their lender, the other day and asked me to evaluate her. The report was really a call for loans to refinance their mortgages and use their ongoing participation in one or in cash now on sale and use of home equity to buy a [...]
Specialty Mortgages: Risks and Rewards
Sunday, February 27th, 2011In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages and instead opting for a specialty mortgage that lets them “stretch” their income so they can qualify for a larger loan. But before you choose one [...]