Don’t accidentally commit mortgage fraud. Here’s how to avoid becoming an inadvertent criminal.

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The jumbo mortgage is now available at discount and here’s why lenders are so eager to make big loans across the country.

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Unless you’re a real data geek, you probably ignore the snooze-fest that is today’s economic reporting. GDP, LIBOR, QE3, CPI and all the other head-spinning acronyms can’t be approached before your second cup of coffee, and maybe not even then. However, if you can suck it up and make... Read more
Q: My husband and I have been discussing our credit card debt and car loan, which total about $30,000. He says we should get a home equity loan to consolidate our debt. We owe about $95,000 on our mortgage and our house is currently worth about $175,000 according to... Read more
You’ve found it! The home that has “good bones,” is in the perfect neighborhood, and is built in the architectural style you love. There’s “only” one problem: The home is a “diamond in the rough.” Or it flat-out needs major renovation. FHA provides a program for purchasing and renovating... Read more
Alas, it appears that fixed mortgage rates have crept out of the basement and are on their way up. In other words, things are getting back to normal in mortgage and real estate. That means home buyers will once again have to make a trade-off to get the lowest... Read more
While I’m not a fan of all of the changes Dodd-Frank made to the mortgage industry, preapprovals under the new law are better and more reliable. Here’s what you need to know before getting pre-approved for your new home loan. It may take a bit more time than the pre-approvals... Read more
If you think it’s hard to get a conforming (Fannie Mae or Freddie Mac) mortgage today, try applying for a jumbo home loan. Jumbo mortgages have higher loan amounts than conforming loans and can’t be marketing through the mortgage clearing houses Fannie and Freddie. Because these loans can’t be... Read more
Did you know that you have a lot of control over how smoothly your next home purchase goes? Follow these dos and don’ts for a smooth closing: PLEASE DO: Ask your loan officer or mortgage broker about anything you don’t understand. He or she WANTS to address any concerns... Read more
The past few years there’s been a great debate in housing, the question of whether we have set credit standards so high that qualified borrowers cannot get a mortgage. Today the magic number for real estate borrowers is 43 percent, as in a “debt-to-income” or “DTI” ratio of 43... Read more