Mortgage loan originators, much like those of us in many professions including title insurance, will start the new year with a predominantly clean slate in terms of new orders in the pipeline. Of course it is hopefully not 100% empty, as orders will come in through December that will hopefully be closing in 2020. But […]
Shopping for the best price is something we all do whether for a car, a pair of shoes, a new home and, very likely, a mortgage for that new home! For potential homebuyers the ultimate endgame is to find the property of their dreams and the financing that will allow them to actually make the purchase. […]
At the beginning of 2014 rules went into effect that differentiated between qualified mortgages (QM) and non-qualified mortgages (non-QM)! The purpose of making the distinction between the two was the governments methodology to try and avoid the scourge of the bad loans that helped lead to the 2008 financial crisis. This ‘toxic debt’ that was […]
