…and as witnessed over the past 20 years, nowhere is it more evident than in the mortgage industry. Much of it, as with any business, occurs because of the rapid and ever evolving technological advances making the process easier and more efficient. Enter Government Regulation But, as rapidly as it happens, the most change we’ve …
…When Can You Use it to Qualify for a Mortgage? As you contemplate and work through a divorce, one of the most important factors to consider is your housing needs in the future. Will you stay in the home that your living in or sell the house and move somewhere else? We can’t overstate the …
Just like clocks recently did in most of the country, the housing market will soon “spring forward!” According to Alexandra Lee and Ralph McLaughlin of Trulia, there was a 10.5% decrease in US home inventory in Q4 2017. This lack of inventory is like tension in a spring waiting to be released and that is what is …
Here’s a good question we’re asked all the time: Where does the money come from for the loan? And here’s the answer: Mortgage lending operates under three distinct models: Mortgage Brokers, Mortgage Bankers and Retail Banks. 1. Mortgage Brokers are much like independent insurance agents — they have access to many different lenders and many different …
