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 […]
Yesterday in a report on Bloomberg News and picked up by other services, it was reported that Ben Bernanke, while speaking at an investment conference, stated he recently tried to refinance his mortgage and his application was denied. Huh? The former Fed Chair can’t get a mortgage? Is this a joke? It is not. Upon […]
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 […]
