Category Archives: Uncategorized

Should I Stay or Should I Grow? – Bringing Clarity and Objectivity to the “Move-Up Buyer” Decision Making Process in Uncertain Markets

If Gross Domestic Product (GDP) measured uncertainty and indecision in the housing market, the government would be reporting record numbers right now. And while all homebuyers and sellers are affected by this uncertainty, its most debilitating effects are likely with “move-up buyers … Continue reading

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Excellent (If Wonkish) Forward-Looking Analysis of the Mortgage/Housing Crisis

Just passing on some good work by the Amherst Securities Group.

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American Dream Pie – My Tribute to the Mortgage Broker

American Dream Pie A long, long time ago,I can still rememberHow the money used to make a pile. And I knew if I had my chance,That I could whoop those bankers’ pantsAnd beat their rates and service by a mile. … Continue reading

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Recent Short-Sale Not Necessarily a Barrier to New Financing

FHA Guidelines What are the guidelines for borrowers with a short sale on a previous principal residence? Answer When a previously owned property was sold for less than what was owed (short sale), borrowers are considered eligible for a FHA insured mortgage if, … Continue reading

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Buddy, Can You Spare a Million? – Mortgage Solutions for High Net Worth Borrowers

Pity the poor millionaire who needs a mortgage in the current lending climate.  You won’t find politicians creating special programs to alleviate their sufferings.  Of course, they don’t feel the pain in the same way as the common man, but, … Continue reading

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You (Practically?)Need To Be A CPA to Be a Good Loan Officer These Days

 Have you noticed that it is harder to get deals financed these days? (Don’t answer that, it’s a rhetorical question.) The reasons are legion, from stricter credit scoring models, to tighter loan-to-value and debt-to-income ratio requirements, to higher asset requirements, … Continue reading

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The Truth about the 3.8% Medicare Tax What it Means When You Sell Your Home

The new health care legislation includes a 3.8% Medicare tax that may apply to certain real estate transactions in certain very specific circumstances. Unfortunately, this has been misreported all over the internet in some alarming ways. For example: “The new … Continue reading

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