All about mortgage programs, qualifying, applying and getting approved for home loans.
No cost mortgage advertisers pound the air waves spewing this mortgage lie. The no cost mortgage is a scam requiring great salesmanship, some misdirection, and an unsophisticated client.
So I’ve been railing against the no…
As the name implies the payments on a reverse mortgage flow in reverse…not from the borrower to the lender but from the lender to the borrower. A reverse mortgage affords older homeowners (62+) that are…
In a divorce, mortgage lates can cause long lasting catastrophic problems for your credit. You can’t ever rely on verbal agreements during a divorce when it comes to your home. I can’t stress that enough.…
The 40 year mortgage is sold to folks who want or need a lower payment. Many home owners are seeking a monthly payment even lower those provided on standard 30 year fixed loans. A 40…
The stated income mortgage is getting harder to find these days. Stated income mortgage lenders are going under in droves and the ones remaining are curtailing the program effectively trapping borrowers who now can’t refinance…
FHA home mortgage programs are currently under threat of extinction. The FHA home mortgage could die a needless death if reforms don’t pass Congress quickly and correctly.
Due to a number of reasons, the long-standing…
The best mortgage is never found by collecting a handful of Good Faith Estimates or by calling around getting mortgage rate quotes. Yet this is THE shopping method for most.
If you define the best…
The 100% mortgage programs are really popular right now. The 100% mortgage is a loan program which requires no down payment. Therefore, trouble may be brewing.
Now on the surface a 100% mortgage this seems…
Down payment assistance programs like The American Dream Down Payment Assistance are all but outlawed for use with any government insured loan programs.
It’s about damn time!
I can hear you now, “What’s wrong with…
Bad credit mortgage loans are for borrowers who have credit issues and do not fit traditional mortgage credit standards. Bad credit mortgage programs are also known as B paper or subprime loans.
Bad credit mortgage…
ResMAE, a large stated income lender, announced a year ago the discontinuation of all their stated income loan programs used for self-employed borrowers. Since then virtually all sources of loans for the self-employed are all…
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