Posts from November, 2009
I just finished answering a question by one of our readers of the Mortgage Insider Website. It was a great question about the ramifications of lying on a mortgage application.
I research the penalities and was shocked! Civil and criminal penalities are the punishement if found guilty, but what really unnerved me was the "negligent" aspect of those who could be found guilty.
You will be too...click over and read
My partner wrote a post on our blog today about no points and no fees loans. Can they make money without charging these fees?
That sounds silly just saying it but the ads are compelling. Mortgage companies do not do loans for free…nothing in the mortgage business is free. So, with that said, when you see an ad for no cost refi or no fees or points you aren’t getting something free.
It isn’t a better deal…just a different one. She wrote about the difference between a no cost refi and a no points refi.
So check it out and also remember she gives you actual wholesale mortgage rates everyday in her real rates daily podcast.
Thanks!
I just finished a post on what his wife reported as the suicide of Freddie Mac CFO, David Kellerman. I researched his work website and other online sources that could shed some understanding on this tragedy. The nation's hearts go out to the family of Mr. Kellerman...another victim of the mortgage crisis.
Please click over to our "outside" mortgage blog and read ...
David Kellermann - Freddie Mac CFO - Commits Suicide
I posted seven new online mortgage calculators to our "outside" website...click on the links to play with them. They are free and you can run as many scenarios as you like...
Total Monthly Payment & Amortization Schedule Calculator
Debt Consolidation Mortgage Calculator
Home Equity or HELOC Mortgage Calculator
Early Payoff Mortgage Calculator
Income Needed Mortgage Calculator
Max Mortgage Amount Calculator
Discount Point Savings Calculator
Refinance Savings Mortgage Calculator
Mortgage Tax Deduction Calculator
Back to Mortgage Calculators
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