A bankruptcy is generally the result of something very bad happening in someone’s financial life. No one enters into a loan agreement of any sort, either the debtor or the creditor, with the intent to default on the loan....
Check if a Condo Complex is FHA Approved (FAST!) If you live in an area where condos are a popular option or you plan to move to an area where there are multiple condominium projects, it’s obvious you appreciate the...
What is a temporary buydown and do you want one? We’ve mentioned here on several occasions about how the mortgage industry seems to think up different lending terms on a regular basis but that’s really not the case at...
Yes, you read the headline correctly and no it’s not a return to the dizzy days of nonchalant loan approvals. In fact, it is a return to the days when lenders were able to employ a bit of common...
There have been some gradual rumblings in the mortgage industry but the released data seems a bit too small to make any news by itself. For example, at the most recent round of FOMC meetings last December, the Fed...

Sometimes in the dead of winter, homeowners start to think of making some changes to their home. Just to freshen up the place and move some things around. Maybe upgrade the kitchen with new appliances and while they’re at...
Okay, we admit it. The mortgage industry certainly has more than its fair share of acronyms such as CAIVRS. In addition to using our own language it seems during the mortgage process we also employ these shortened versions of...
There is a loan program that’s somewhat under-utilized and it really shouldn’t be. It’s the USDA home loan program and while it’s not the home financing answer for everyone, for those who can take advantage of this special type...
You may wonder why mortgage lenders are very competitive as it relates to mortgage rates. First, they must be competitive in price along with a strong reputation in the community, service and communication. You won’t find one mortgage lender...
Conventional Loans Conventional loans, those that are underwritten primarily to guidelines set forth by Fannie Mae and Freddie Mac have been around in some fashion since 1967, when Fannie Mae became its own government-sponsored corporate entity followed by Freddie Mac...