Limited by the Numbers
I am always amazed how some people think a loan officer can “just make the numbers work”. I’ve come to the conclusion that maybe that’s why we’re in the mess we are in right now in the mortgage business. The truth of the matter is this; no one should ever manipulate the numbers to make [...]
The Good & the Bad about the Fed’s Latest Rate Move
Anytime interest rates move up most people view this is a signal of the economy getting worse. However, when rates are this low, it’s really a signal the economy is getting better and can withstand higher interest rates. To better understand it, you have to think from an investor perspective. Making 4 to 5 % [...]
Where to Find HUD Foreclosures
I recently met with a friend of mine who wants to start looking for a HUD foreclosure, which is a home that HUD (US Department of Housing and Urban Development) now owns due to foreclosure. My friend told me she has seen many websites that let you join free for a week or so and [...]