by kramoltz@hotmail.com | Jul 8, 2015 | Home Buying, Mortgages + Lending
Here are 3 common and costly mistakes that home buyers make:1. Not visiting a lender, getting pre-qualified and obtaining the AAR Pre-Qualification Form;2. Buying other things before closing. Lenders check credit scores up to the closing date. Too much shopping, and...
by kramoltz@hotmail.com | Mar 1, 2015 | Mortgages + Lending
Lenders have put some borrowers through the ringer due to enhanced underwriter guidelines. Although better qualified buyers are a good thing, idiotic and illogical requirements delay the process and make an already stressful process worse. Karen Deis, the operater of...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
Part 3. Is Canada’s real estate market headed for a repetition of bust and its plunging values and distressed sales experienced in Arizona? They don’t think so. Do they know something we don’t – or are they nuts? There definitely are differences between the two...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Freddie Mac reported that mortgage rates set new record lows the first week of September. Rates on 30-year fixed-rate mortgages averaged 4.12%; the lowest since 1971. That’s down from 4.22% the week before, and from a 2011 high of 5.05% in February of this year....
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Rumblings from the loan industry are that loans could be much harder to get in the future. Restrictions are being imposed upon government related loans, which are big part of current financing. Nationally, Fannie Mae, Freddie Mac, and the Federal Housing...
