Post housing crisis, mortgage underwriting is thorough, overbearing and at times non-nonsensical. Some say it borders on harassment. Gone are the days of “liar loans” and no doc loans and good riddance. However, while underwriters continue to scour every inch of your financial past, lenders are again offering 100% financing and other programs where a […]
It is very hard to determine the real culprits of the housing crisis of 2008-2010. Sure conventional lenders were making loans they should not have made. They were not thoroughly reviewing the financial strength of applicants and too often putting buyers in adjustable loans that adjusted good people right out of their homes. Add in […]
Kelly was an upperclassman at George Mason University in Fairfax VA. She was tired of dorm life and wanted to live off campus. Her parents suggested to her that she buy a home near campus and rent a few rooms to other students to help cover her mortgage. Under that plan, her housing costs would […]
