My Mind on Mortgages

The Federal Reserve Board recently created this website  which is designed to help consumers evaluate whether or a refinance of their existing mortgage makes sense.  Typically I am skeptical of the Federal Governments ability to simplify this process for consumers.  After all they were the ones who brought us the Good Faith Estimate & Truth [...]

As I’ve written about multiple times in this blog the 700-page 2008 housing bill has many differnet provisions embedded in the law.  Although I don’t do a lot of reverse mortgage business I wanted to at least provide a link to an article which summarizes how these loan products were impacted by the 2008 housing [...]

Has your home recently been listed for sale? If so, did you know that by having your home listed for sale your ability to refinance your mortgage is severely limited? 95% of banks will not lend on homes that have been recently listed for sale because they are concerned that the home might go back [...]

Here’s an article I read recently: During my twenties, I accumulated nearly $25,000 in consumer debt. I had a spending problem. With time, I was able to get my spending under control (mostly), but I still owned overwhelming debt. How could I get rid of it? The personal finance books all suggested the same approach: [...]

The purpose of this article is to give consumers a guide for determining whether or not a proposed refinance makes financial sense for them. Through my interactions with many of my clients over the years I’ve found that much of the population is left confused when evaluating mortgage refinance options. I hope that I can [...]

For most of our clients, the idea of a “no closing cost” (NCC) refinance seems too good to be true. We think that these loans are great tools for helping our clients save money; but it is critical that our clients understand how they work. The purpose of this posting is to explain how we [...]