Tag Archives: credit worthiness

Refinancing Your Mortgage Without Revealing Your Financial Situation

Most of the reason for the housing crash was 20 years of lowered mortgage lending standards legislated by the government. Things got to the point where people were able to get mortgages without showing their income. They got “liar loans” … Continue reading

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Five Reasons a Lender may Decline a Mortgage

Completing the complicated paperwork required to obtain a new mortgage for your dream home is a momentous and daunting task, only to receive that call when you are awaiting the decision from the financial institution and hearing that they declined … Continue reading

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The Best Explanation I’ve Read For Credit Scores

Diane Tuman nails it! Do not think about your credit score as a credit score but as a relative credit ranking compared to the rest of the population. Lenders need to know the odds on your paying your bills on … Continue reading

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Why Do We Need A Bailout?

From about.com: An inverted yield curve is when short-term Treasury note yields are higher than long term yields. Usually, long-term yields are higher because investors want a better return for tying up their money for a longer time. Most economists … Continue reading

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Refinancing Your Mortgage

From the Sun-Sentinel.com: It used to be your lender could simply agree to refinance your loan. “FHA loans generally are available to credit-worthy borrowers,” said Charles Gardner, director of FHA’s Atlanta Homeowner Center. Eligibility requirements Who could get a loan … Continue reading

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