Banks and credit unions make money the old fashioned way- they lend money and charge interest, something that has been going on since the invention of currency. For an automobile loan or a credit card, consumers typically first contact their...
Financing a Home Purchase With a HERO Lien or PACE Lien If you found this article during an online search, it’s very likely you, or the property you want to buy (or refinance), is in some sort of a financial...
Whether your mortgage choice is a conforming, jumbo, conventional or government-backed, not only will you have your choice of interest rate and point combinations as well as the term of the loan but you will also take your pick...
A Brief History in Time Mortgage lending has made some dramatic changes over the past few years and when you include the period beginning in 2000, there have some rather wild swings regarding loan approvals. Mortgage lenders often change lending guidelines...
When the Federal Reserve mentions interest rates, they’re not talking about interest rates on home loans. They’re referring to the rate the Federal Government charges on the money they lend to banks and financial institutions, also knows as the...
What is a Non-Qualified Mortgage (Non-QM) and how does it help Southern California homeowners? First, a brief history on what makes a mortgage loan product a "QM", or “Qualified Mortgage.” The Consumer Financial Protection Bureau (CFPB) is an independent agency...