In the past, it was harder for smaller players in the lending market to grab a share of the action, but it looks like that trend is slowly being changed. This is largely due to the fact that the difference between what bigger and smaller lenders pay for guarantee fees to Freddie Mac and Fannie Mae has been narrowing, allowing…
August 2015
According to a recent survey of mortgage executives, too many eligible borrowers are under the impression they would not qualify for a home loan. This misconception is causing such borrowers to avoid even looking into a mortgage application. Part of the reason for this misperception has to do with the tighter lending standards that were the norm in the aftermath…
Interest-only loans have been around for some time, allowing borrowers to make interest payments each month while avoiding payment on the principal. This is usually used by individuals who want some short-term relief in terms of their monthly payment size. Although this kind of loan is not entirely new, it seems to be surging back onto the market in 2015…