Articles
March 1, 2012
Energy Efficient Mortgages and Rehab Loans Make Lending “Greener”
When you think of green businesses, the mortgage business probably isn’t the first to come to mind. It’s more likely that a huge pile of paper comes to mind. These days there is a disclosure, another piece of paper, for every imaginable…
February 15, 2012
Unintended Consequences
Over the past several years we have seen the regulators scrambling to “fix” the US housing market with all sorts of plans and stimulus and new regulations. It all started in 2008 when then Fed chairman, Hank Paulson (former Goldman Sachs Chief),…
January 5, 2012
Investment Financing for Seasoned Investors
When the “credit crunch” hit back in 2006, lenders became very leary of borrowers who were highly leveraged with investment properties. Nearly all banks instituted guidelines limiting the number of mortgage loans an individual could have on non-owner occupied properties. They also…
December 1, 2011
Buying a House After a Bankruptcy
Bankruptcies have been all too frequent in the past 5-6 years, but just because you may have had one doesn’t mean that you have to wait 7 years or more to finance a new home. Lenders often look at these situations case-by-case,…
November 22, 2011
When Can You Get a Mortgage Again After a Shortsale?
People often ask me for this information so I thought I’d post it. Bookmark this page so you can refer back to it if necessary. Conventional Loan 7 years if borrower puts less than 10% down 4 years if borrower puts 10%…
October 26, 2011
Forget the Appraisal! Lower Your Payment Now!
Our government has rolled out numerous programs to attempt to help home owners through the extremely difficult times we have seen in real estate over the past couple years. The acronyms of these programs have, in many cases, have become the alphabet…
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