Tag Archives: underwriting guidelines

HELOCs & Piggy-Backs

HELOCs, formally known as Home Equity Lines of Credit, were once as easy to get as a loaf of bread. But, when the economic crisis hit in late 2006, they were the first mortgage product to become extinct. Now, thanks … Continue reading

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Understanding Private Mortgage Insurance (PMI)

Why You Need It & How It Remove It When financing their home purchase, nobody likes paying for Private Mortgage Insurance, called PMI for short. But with large down payments being a major obstacle, it enables many homebuyers to buy … Continue reading

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A Solution to the Housing Crisis – Part 2

I think we can all agree on two things… 1. The Economy won’t recover without a recovery in Housing, and 2. Underwriting guidelines are too tight. Much has been said about underwriting guidelines being too tight. Fed Chairman Ben Bernanke … Continue reading

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My Solution to the Housing Crisis – Part 1

I think we can all agree on two things… 1. The Economy won’t recover without a recovery in housing, and 2. Underwriting guidelines are too tight. Much has been said about underwriting guidelines being too tight. Fed Chairman Ben Bernanke … Continue reading

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ASSET DEPLETION: A New Way of Underwriting?

Finally, there’s some good news amid the tighter underwriting guidelines that we’ve been given over the past few years. There’s a new method of underwriting among at least two “portfolio” lenders that should open the door for buyers of some … Continue reading

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Why Housing Isn’t Better

I’m frustrated! I was thinking and reading about the real estate and mortgage markets over the long weekend. Ordinarily I would have worked all weekend but I didn’t have enough to do. Interests Rates are back to their near all-time … Continue reading

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