Mortgage Answers

Millennials, China and Cocaine, Oh My

Millennials, China and Cocaine,  Oh My

One Third of the U.S. population is segmented by millennials, that’s almost 100 million potential home buyers. (Those born after 2005 are called the Homeland Generation. Geez, will they be nicknamed the land homies?)

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Points to Ponder This Summer

Points to Ponder This Summer

Another year is at the half way point. Soon Christmas decorations will be adorning our stores. The following are four points to ponder for the summer of 2015.

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How About Those Interest Rates

How About Those Interest Rates

How about those interest rates? The Fed has not raised interest rates since 2006. The soothsayers predicted the rates would begin the march upward this year because they know things that we simple people cannot understand, like the soon-to-be robust economy. Except,

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Party like it’s August…2015

Party like it’s August…2015

The last time major changes were implemented per the Dodd/Frank Act, the real estate world was anointed with appraisal management companies and the “new” Good Faith Estimate. Today, although it is better than it was in 2012, we are still not sure where appraisal management companies hire their appraisers… trolling the intersection of Interstate 10 and 7th Ave?

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Why Can’t I Get The Published Rates

Why Can’t I Get The Published Rates

Wish you had taken better care of your credit? Shopping for an interest rate will make your head ache if your credit has dings. In today's lending landscape Fannie Mae and Freddie Mac are the primary purchasers of conventional mortgages. Even if your accountant is Mr. Creative...

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WHAT I’VE LEARNED SO FAR IN 2015

WHAT I’VE LEARNED SO FAR IN 2015

What I’ve learned in 2015 (and it’s only January): 1. The new FHA mortgage insurance reduction may or may not help the housing market. What would REALLY help the housing market is to raise the FHA loan limit back to $346,250 ($417,000 would be even better)…

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