EMPLOYMENT GAPS AND MORTGAGE LENDING

When applying for a mortgage, most people are aware of the key elements a Lender is looking for in a prospective Borrower: Income Assets Credit However, the devil is in the details and it’s those details if you’re not aware … Continue reading

THE CYCLICAL NATURE OF THE MORTGAGE INDUSTRY – MIGHT HISTORY ALREADY BE REPEATING ITSELF?

Remember the old adage, “history repeats itself”? Well that phrase has never been more accurate than when referring to the cyclical nature of the real estate industry and the mortgages that support it. Just think back 11 years to the … Continue reading

NO, YOU DON’T HAVE TO REFINANCE JUST TO CANCEL YOUR MORTGAGE INSURANCE

I repeatedly receive telephone calls from consumers looking to refinance their conventional mortgage simply to drop their expensive monthly mortgage insurance. A refinance is not necessary to accomplish this! A refinance is a costly way to accomplish something than can … Continue reading

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

Forecast for the Week After a back-to-school shopping season that didn’t make the grade in August, many hope Retail Sales rebounded in September. Markets will be closed on Monday for Columbus Day. The minutes from September’s Federal Open Market Committee … Continue reading

MORE HOMEBUYING OPTIONS TO COME IN 2015

The number of first-time homeowners reached its lowest level in three decades. According to an annual survey of homebuyers by the National Association of REALTORS®(NAR), only 33 percent of total purchases this year were by first-timers, down from 38 percent … Continue reading