Posts tagged "Mortgages"

The Federal Reserve Is Not Raising Mortgage Rates This Week

The Federal Reserve Is Not Raising Mortgage Rates This Week
The Federal Reserve starts their Open Market Committee meeting tomorrow and the futures markets are basically giving an interest rate hike a 79% probability (as of last night). So, “interest rates” are going up and that means mortgage rates are going up and that means people will have to buy cheaper houses and that means... Read more »

Why You May Not Want To Pay Off Your Mortgage Early

Why You May Not Want To Pay Off Your Mortgage Early
A lot of people think that mortgages are bad and that you should use them sparingly, putting down as much cash as possible or taking every opportunity to pay off your mortgage early. The idea of owing that much money and having to make a payment every month makes them really nervous. My parents were... Read more »

What Will The Next Housing Crisis Look Like?

What Will The Next Housing Crisis Look Like?
On Monday I published a guest post on how mortgage lending standards have come full circle since the original housing crisis. In an effort to promote the American dream of home ownership regulators have once again eased up on the requirements for getting a mortgage. Meanwhile, it looks like Fannie Mae and Freddie Mac as... Read more »
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Mortgage 360: Lending Standards Come Full Circle

Mortgage 360: Lending Standards Come Full Circle
The following guest post was written by Jackson Cooper of Jensen & Company. The Mortgage Bankers Association expects total mortgage originations to total $1.19 trillion in 2015, an increase of 7 percent from last year. Originations have increased every quarter since Q2 2014 after four consecutive quarters of steep declines. The National Association of Realtors... Read more »

Too Much Time Shopping For A Mortgage Can Cost You That Home You Want To Buy

Too Much Time Shopping For A Mortgage Can Cost You That Home You Want To Buy
Let’s say you’ve been shopping for a home for a few months and you finally found one you like. You’ve negotiated the purchase price and you are now under contract. You probably think it’s all downhill from here and you have nothing to worry about. AllĀ  you need to do now is finish shopping for... Read more »

An Appraiser Responds To My Post On Bad Real Estate Appraisals

An Appraiser Responds To My Post On Bad Real Estate Appraisals
My post last week on Bad Real Estate Appraisals And The Appraisers Who Create Them got a lot of interest among appraisers and generated a ton of comments from them (go figure!). However, I received one particularly long and well articulated comment from one appraiser who ran into technical difficulties trying to post his comment.... Read more »
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Bad Real Estate Appraisals And The Appraisers Who Create Them

Bad Real Estate Appraisals And The Appraisers Who Create Them
Every so often a real estate transaction can be a bit like Alice In Wonderland – especially when it comes to real estate appraisals. You see, in order for a buyer to get a mortgage his/ her lender has to appraise the property to ensure that it will provide adequate collateral for the mortgage. The... Read more »

Ben Bernanke And The Bizarre World Of Mortgage Qualification

Ben Bernanke And The Bizarre World Of Mortgage Qualification
In case you missed the big mortgage news today Ben Bernanke, former head of the Federal Reserve Bank and the most powerful financial guy in the world, can’t refinance his home. And the story has become a symbol of the crazy mortgage qualification standards that are in place in the aftermath of the mortgage meltdown.... Read more »

Why You May Not Want To Use A Bank For Getting A Mortgage

Why You May Not Want To Use A Bank For Getting A Mortgage
When getting a mortgage (technically a mortgage is a conveyance of interest in a property for a loan so I think it’s the borrower who “gives” the mortgage but everyone refers to it as “getting a mortgage”) it’s not just about getting the lowest rates and up front costs. Sure that matters but it’s also... Read more »
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Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home
One of the first things they taught us in our real estate training class (after you get your license is when the real training begins but it’s heavily focused on how to make money) is that a realtor should make sure that all their buyers have a mortgage pre approval before they spend too much... Read more »