Hard Money Loans: Are They Worth It?
Hard money loans are an easy and fast financing option, but they are not for everyone. Here is everything you need to know to decide if they are the right option for you
Hard money loans are an easy and fast financing option, but they are not for everyone. Here is everything you need to know to decide if they are the right option for you
COVID caused rates to plummet – which in turn ushered in the mother of all refi booms. Several large mortgage banks had initial public offerings at the height of the refi boom – with valuations...
Early Pay Off Penalties (also referred to as EPOs) are often confused with Prepayment Penalties. The EPO meaning in mortgage language relates to fees charged to a lender when a borrower pays off...
Desperate Mortgage Bankers Resort To Fraud After the 2008 meltdown, a prominent mortgage banker, who was accustomed to living very extravagantly, started a “Loan Modification Consulting” business...
EVERYONE IS FOCUSED ON “FED DAY” – which is the day of the month (today) on which the Fed announces its latest increase in the Fed Funds Rate (expected to […]
I saw this tweet over the weekend: “The auto industry collapse has just begun and this would be one of the worst times for you to buy a vehicle. In a normal market (pre-2020), Auto Loan...
I had experiences recently at two different businesses that were so contrasting and so fascinating that I had to blog about them. And yes – this much applies to mortgages […]
In 2006, the infamous Implode-O-Meter was established to predict and announce all of the mortgage companies that were going belly up. It was both fascinating and extremely helpful because it warned...
A week ago, I pointed out how the recent 0.75% increase in the Fed Funds rate resulted in LOWER long-term rates. I highlighted three reasons for this: (1) The markets […]
There were about 2.3 million new homes constructed in 1973 – a number we have not seen since. This is not that big of a deal until you remember that the entire population of the U.S. was only about...
Highest Mortgage Rates Since 2009 Last week’s sky-high inflation numbers have pushed 10-Year Treasury rates to levels we have not seen since 2018. While mortgage rates are at levels we […]
I knew and worked with a bunch of hard money lenders (who loaned money based strictly on equity) prior to the 2008 meltdown. Even though they were a bit cocky with their success and they lived like...
Here are a few tidbits about Hazard Insurance, something that is required with every mortgage. Hazard insurance is also known as fire insurance and homeowners insurance, and it should not be confused...
Agents are telling me that some of their clients are getting cold feet about buying right now for a variety of reasons, including: 1) Concerns about higher rates and payments; 2) Concerns about...
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