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But They Said It Was Portable…

But They Said It Was Portable…

Short Version:   The question most often asked: ‘Is my mortgage portable?’   The answer most often given: ‘Yes.’   This answer is increasingly wrong.   In reality you qualify to move ~80% of the balance… maybe.   If you are thinking of: Moving...
Impending Doom Averted, This Time

Impending Doom Averted, This Time

Basic Renewals   Will the impending doom, er… changes, hurt homeowners simply renewing their mortgage with their current lender? No.   If your life is easy, things are easy.   Thus far the government has continued to leave renewals alone. And one can...
You Need To See This…

You Need To See This…

New mortgage rules are headed our way this fall, and they will affect you.   Short Version: As of this fall (no specific date set yet) you will qualify for 25% less mortgage money than you do today.   Long Version: Have you got: Excellent credit? Huge down...
Interest Rates, First Time Buyers & Socks

Interest Rates, First Time Buyers & Socks

Following a similar post 363 days ago of the same title…this post is a very brief summary of two much longer ones written earlier today. You may click the links that follow for the long version. As we race into the holiday season, a few brief notes for first-time...
Has Mortgage Debt Shot Up?

Has Mortgage Debt Shot Up?

  WHAT ABOUT OUR DEBT LEVELS?   Amidst increasing media and water-cooler chatter of potential drops in real estate values of X%–Y%, let’s take a moment and review the systemic risk via mortgage debt numbers.   The first, and largest, piece of the puzzle...