Finding a Second Loan
Needless to say, if you have been shopping for a purchase second, they are hard to find. Just a couple of years ago banks and mortgage companies were competing like it was the Olympics for second mortgage business. Now you can’t hardly find anyone that will do a second over 80% and no one over [...]
An Alternative to Refinancing
As rates move up and down, many are finding themselves in the position of not being able to qualify for a standard refinance. They either have a debt to income ratio that is way out of whack, a loss of job or not enough equity to pay for closing costs. If you find yourself in [...]
Underwriter Hell
It has been a difficult year in the mortgage business trying to keep up with all of the changes that keep coming down in droves. I give kudos to all who have half way stayed on top of the situation. Today, however, I want to publicly thank all the underwriters and processors who have been [...]