Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys. The Wall Street Journal reports: “From the very beginning, we’ve thought of this as eventually becoming a public company,” says Justin Chang, [...]

Taking out a mortgage loan requires careful consideration of all the costs associated with a purchase or refinance transaction. For many, trying to do their due diligence of mortgage comparison shopping, reading, analyzing and interpreting the good faith estimate can be somewhat of a misnomer. The revised good faith estimate goes into much greater detail [...]

There’s an old saying amongst homeowners that you shouldn’t refinance your mortgage unless you can save 1% in interest rate. So in other words, if your mortgage is 5% for example, and you can get for 4.125% on a new home loan refinance, you shouldn’t do it because you’re not saving the full 1%. This [...]

The giant wave of backlogged foreclosures that is supposed to crush the housing market still isn’t coming. And while logic may dictate that the tsunami is inevitable, it’s time to recognize that there is nothing logical about our current real estate market. The free-market lost. The puppet-masters have won. Our shadow inventory is going to [...]

Lets get one thing straight… no matter what mortgage company you work with, banker, broker, direct lender all mortgage loan qualifying is the same. Fannie Mae and Freddie Mac and HUD have the same guidelines across the board, with small subtle differences from company to company. There is only one bond market and mortgage rates [...]