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...

How have you structured your own mortgage and why?

Ask your Broker or your banker the following Question; How have you structured your own mortgage and why? Aside from discovering that an overwhelming number of mortgage professionals have their own residence set up in either short term fixed (1yr or 2yr) or a variable...

No Bubble To See Here – Part 6 – Emotion

[vc_row][vc_column width=”1/1″]Why none of the math in previous posts in this series really matters…   Emotion   The largest investment in the entire process of purchasing real estate is the emotional investment.   Emotion drives the...

Playing With House Money

[vc_row][vc_column width=”1/1″] SHORT VERSION How much of the current record-setting price gains are self perpetuating? That is, ‘I just got paid $100,000.00 over asking, so now I too will pay $100,000.00 over asking… maybe $120,000.00 over’. It’s ‘found...

Subject Free? Perhaps Not.

Subject Free? Perhaps Not. Short Version: Stellar credit, tremendous equity, and strong documented income are not enough to guarantee financing approval. The lender must approve of the property as well – and there is more than simply value reviewed. Lenders reserve...