I think it would be a lot of fun to do a deal that involved bitcoins although fixing the exchange rate might take a bit of negotiation. Would you accept payment for your home in Bitcoins?. Why? Why not?
What happens to mortgage originations when interest rates go up 1% or so? For Wells Fargo, they collapsed 29% in the third quarter. Hat Tip Seeking Alpha
They popped the question, you said “I do”. Getting married is now officially happening. When you say I do, you’re not just saying I do, to that person, you’re saying I do to all their finances, positive or negative as well. Their finances are, will shape “how” or “if”you can buy that home. Why getting […]
I get it. I totally understand why most people shop for loans the way that they do. But it’s wrong and they are shooting themselves in the feet. There is a right and wrong way to get pre-qualified for a mortgage. Here is how NOT to get pre-approved for your home loan… 1. Shop Interest […]
Anyone buying a home is all too familiar with the fact interest rates have risen sharply and dramatically in the last several weeks. Buyers and homeowners alike, should expect rates to be at these levels as long as positive economic data continues to surface in the financial markets. Unfortunately for many, due to current lending […]
A program made popular in the height of the subprime lending environment was no-cost mortgages. No-cost loans have gained strong interest as consumers are savvy in deciphering loan terms, rates and how to qualify for credit in a constrictive lending environment. Whether buying a home or refinancing a mortgage, following are key differences between the […]
If you are not a US Citizen trying, it can be a long and difficult road to obtain a mortgage. Many lenders won’t makes mortgages to people who don’t have social security numbers or permanent work stability. For the purposes of getting a mortgage, US Citizens and Permanent Resident Aliens are the same, with one […]