What are some of the most common complaints about mortgage origination and lenders? How can you avoid mortgage origination complaints? In order to get to your goal and navigate the financing process, there are common complaints from borrowers about lenders which point to obstacles to overcome. Every borrower is unique, so complaints vary. Different studies can show different results as […]
The question is how much? Multiple recent studies from economists, the Federal Reserve, analysts, and media pin the spike in inflation squarely on Biden, concluding Biden worsened inflation. One major contributor- the partisan $1.9 billion American Rescue Plan passed in March 21. The massive spending law sent $1,400 checks for each person in a family, expanded unemployment insurance and child […]
Down payments and risky mortgages — of course the down payment matters. Winning Mortgage, Winning Home covers a variety of ways to manage the down payment amount against the loan pricing. The interest rate paid on a loan has a detailed scale of penalties covered in the book and the book provides insights on using them to your advantage. But […]
During the week of February 21, eight federal agencies joined together to tell lenders to reach out to lend to poor credit risks. They didn’t actually use those words, but the directions were clear. The last time we saw this was the run up to 2008. Will the letter convince lenders to lend to bad credit risks? After 2008, lenders […]
Most first time home buyers misunderstand their budgets. These are not only buyers, but also shoppers who didn’t buy. According to a recent survey by Realtor.com, most first time home buyers were surprised at what they were able to afford. More than two-thirds found that their budget wasn’t accurate. Some first time home buyers found they could afford more home […]