Tag Archives: mortgage broker

Crunching The Numbers On Your Refinance

The Hartford Courant says you need to crunch some numbers before seeking out a mortgage broker or lender. You are going to need a credit score of over 700 to refinance and at least 20% equity in your home. You … Continue reading

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Finding A Mortgage

From WNEP.com: Mortgage brokers and the chief operating officer of a local bank said the mortgage meltdown has slowed down the housing industry but people with less then perfect credit can still get mortgages. Luke Mathews is president the Mathews … Continue reading

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Mortgage Brokers Get Paid Everything Up Front

Steven D. Levitt writes: Why do mortgage brokers get paid everything up front when they originate a deal? This sort of contract gives brokers terrible incentives. They just want to get a deal done. It matters very little to them … Continue reading

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Dumb Mortgage Questions?

From ARA: Know Your Mortgage Options and Know Them Well When you shop for a mortgage, the difference between being well informed and barely understanding your choices can be costly. For example, settling for a 30-year fixed-rate mortgage when you … Continue reading

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Developers Desperation In Tough Mortgage Times

From the Independent of London: BM Solutions last week reduced its maximum loan to value (LTV) from 85 to 75 per cent of the selling price of new-build apartments, while Scarborough building society went a step further, insisting on a … Continue reading

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The Mortgage Clinic

From London’s Independent: ‘I’ve saved a 10 per cent deposit that finally allows me to afford a studio flat in London for about £170,000. But, with all this uncertainty about house prices, I’m wondering whether to hold off and save … Continue reading

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Behind the Housing Market Scare Stories

From the Independent of London: The stream of bad news coming out of the housing market has grown into a torrent in recent weeks, with stories of falling house prices, withdrawn mortgage rates and warnings about payment shocks. Halifax, the … Continue reading

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Is Your Mortgage Broker Good For You?

Jack Guttentag writes: In the last 10 years, I have written almost 50 articles on different mortgage broker topics, but none of them addressed the most basic topic of all: "What makes a good broker?" Perhaps it took 10 years … Continue reading

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Kickback: Confessions of a Mortgage Salesman

From amazon.com: Description : I confess. I stole thousands of dollars. Maybe even thousands of your dollars. Oh, I was never tried and put in prison for it. What I did was perfectly legal. And it is done every day … Continue reading

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The 106 Common Mistakes Homebuyers Make (& How to Avoid Them)

From amazon.com: I was totally new at buying a home. We rented for 14 years, one of the worse mistakes in my life. This book helped me tremendously to understand what buying a house entailed, how to go about it … Continue reading

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