With the increase in identity theft I thought it would be helpful to post some valuable tips for protecting yourself against it. Here are some steps you should take immediately to lower your chances of being a victim.
As the summer draws near there are more buyers coming out to look for homes. The inventory levels are still at a very high level and this means there are plenty of opportunities to find the right home for you.
When applying for a home loan it is important to prepare your file for what an underwriter will look at. Many borrowers are not aware of what they look for and how they think.It is simple really. Contrary to what many borrowers think, an underwriter’s job is to find a...
As the lending industry tightens the belt on requirements there are options that borrowers may want to consider to help them qualify for a home loan. One option is using pledged assets in lieu of a down payment.
As the winter draws to it’s end and people come out of their homes the real estate market begins to show life. It is a cyclical event. For those who are interested in buying a home to live in there are a few strategies that may help you during this buying season.
"The mortgage industry is expected to see $112 billion in losses over the next 6 years due mainly to mortgages that are adjustable. Many of these loans had attractive low fixed rates for a short period but once that period expires the adjustment can leave homeowners with a...
"Over the past few months many of the subprime lenders have gone out of business with many more on the bubble. This was due to the 100% financing provided to borrowers that really didn’t qualify for the loans they were approved for."
"Mortgage rates fell again to near year lows as a result of the hits being taken by subprime lenders. The bond markets are very volatile right now and with any luck this could open a significant opportunity for those with cash reserves."
With the pullback in loan to value ratios for stated income investors last week there is a need for new strategies for real estate investors. Many of these investors have been taking advantage of purchase opportunities and leveraging as much as they can to make the deal happen.
Recently there has been a great deal of volatility in our industry. Over the last several months, we’ve seen a number of small to mid-size companies go out of business and a few taken over through acquisition.