Everyone who is financing a home purchase should strongly consider the standard 30-year fixed-rate mortgage. Though I recommend you move every 6 to 12 months (it's good for business) these days most people are in it for the long-term. Even if you knew it wasn't going...
Hat tip to both Rick and Richard sent in this article from the WSJ on alternative underwriting for mortgages, which is on the rise: https://www.wsj.com/articles/no-pay-stub-no-problem-unconventional-mortgages-make-a-comeback-11548239400 Excerpted - bold added: Aryanna...
Higher prices, higher rates, slowing sales, and now easing loan guidelines? On non-owner-occupied properties? Buying a rental property with 5% down is unheard of, and even with higher rents they are likely to negative cash flow: Freddie Mac is consolidating its Home...
Nothing wrong with distributing the estate early to help out the kids, and mortgage guidelines encourage it - the down payment can be 100% gift: When Melanie Gerber started working as a mortgage loan officer in Riverside seven years ago, she didn't see many first-time...
Do you want to use the equity from your current home to purchase your next home? How to access those funds is a common dilemma, because no one really wants to sell their current home unless they have their next home lined up. Making an offer to purchase a home that is...
This is just a snip of Rich's latest post - read the full article here:
Freddie Mac's underwriting also allows self-employed buyers to submit tax returns for one year only, instead of the customary two years' tax returns. I'm not sure if they will do that on this new program? It’s been more than three years since Freddie...
Reader Rob asked, Can you do an article on the housing affordability index related to NSDCC? Just wondering what percentage of people need x amount of dollars with 20% down to afford a median priced home? Let's include data on the median price of detached-home...
From Bloomberg.com - an excerpt: When real estate investors get this confident, money manager James Stack gets nervous. U.S. home prices are surging to new records. Homebuilder stocks last year outperformed all other groups. And bears? They’re now an endangered...
If Fannie/Freddie is willing to allow this, how much longer will they require a down payment? From cnbc.com: https://www.cnbc.com/2017/10/05/a-new-way-to-buy-a-home-crowdfunding-the-down-payment.html An excerpt: Most business crowdfunding platforms offer returns on...
