I've been talking about the new appraisal guidelines and what a problem it will be for those who want to refinance. In a nutshell, the mortgage originator will not be allowed to have any contact with the appraiser. This means that the person determining the value of your home … [Read more...] about What Do the New Appraisal Guidelines Mean to You?
Mortgages
The Best Explanation I Have Ever Seen
I found these videos on revolutionradio.org. Without question (and without the usual "jargon") these are the best explanations of what has caused our current predicament that I have ever seen. And it shows why it's much more wide ranging than just mortgages. Sit down with a … [Read more...] about The Best Explanation I Have Ever Seen
The Lull Between Christmas and New Year’s
As you can imagine, not much has happened in the markets the past few days. I don't expect much until the New Year. Lenders are changing their guidelines but rates are holding steady. I have one huge objection to these low rates the lenders are screaming from the rooftops. … [Read more...] about The Lull Between Christmas and New Year’s
