Don’t accidentally commit mortgage fraud. Here’s how to avoid becoming an inadvertent criminal.
The jumbo mortgage is now available at discount and here’s why lenders are so eager to make big loans across the country.
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
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