Are Lending Standards Too Loose…or Too Tight?
With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that...
Tagged: Lending
Home Mortgages: Rates Up, Requirements Easing
The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage...
Major banks are tightening commercial real estate loans
The Federal survey of senior loan officers of 69 U.S. banks, and 21 foreign banks found standards were tightened on all types of commercial real estate loans. Many banks have reported tightening standards for...
PACE and HERO loans are turning mortgage lending upside down
Many homeowners using high interest Property Assessed Clean Energy loans (PACE) or locally known Home Energy Renovation Opportunity (HERO) in California; to finance home energy efficiency upgrades maybe placing themselves at risk. The National...
First time home buyer mortgage challenge
Many home buyers, regardless of being experienced or a first time buyers; will have to work with a lending institution and a loan officer. It is often seen, felt that first time home buyers...
SHOULD I GET PRE-QUALIFIED WITH MORE THAN ONE LENDER?
Some home buyers are either terrified or intimidated by lenders. Not realizing the need for a lender in purchasing a home; unless they are purchasing the property in cash. The sooner the home buyer...
