by kramoltz@hotmail.com | Jan 17, 2026 | Mortgages + Lending
A loan rejection is not necessarily final, but it is up to you to do what is necessary to convert the transaction to one that meets underwriting requirements. This series provides three reasons for failure to be approved and their solutions. No. 1. Credit score too...
by kramoltz@hotmail.com | Mar 13, 2023 | Home Buying, Mortgages + Lending, Real Estate Facts & Figures
1. First-time Buyers are Scarce. The first-time buyer share of the market dropped to 26% over the past year. Historically, first-time buyers buy around 40% of homes. The reason was the high prices and the rise in interest rates. Hopefully the price correction...
by kramoltz@hotmail.com | Feb 14, 2023 | Mortgages + Lending
Buying down an interest rate is a way for a seller to offer a financial incentive to a buyer. It results in a temporary reduction, which means lower payments under the buyer’s loan. Because of the dramatic increase in rates and the negative result on home sales, in...
by kramoltz@hotmail.com | Mar 1, 2022 | Mortgages + Lending
With the new year comes a change in reverse mortgage programs. As before, you must live in the home as your primary residence and must complete a financial assessment. But the maximum loan amount has risen from $822,375 to $970,800 as of January 1, 2022. The loan...
by kramoltz@hotmail.com | Dec 28, 2021 | Home Ownership, Mortgages + Lending
Reverse Mortgages. Reverse mortgages are an ideal tool for the retired or soon to be. I have written several times about this option, the most recent in Should You Get a Reverse Mortgage? A reverse mortgage is available to those 62 and older and typically results in a...
by kramoltz@hotmail.com | Nov 1, 2021 | Mortgages + Lending
Home Equity Line of Credit. A HELOC is a new loan with a revolving line of credit feature. You borrow what you need within the loan limits. The flexibility of a HELOC can be useful for occasional cash needs when running a business. HELOCs have a withdrawal period...
