Recent Articles

Paying Off Your Mortgage

written by John Crenshaw

Most Americans have a strong desire to pay off their homes. In a country wallowing in debt up to its eyeballs, getting the biggest debt you’ll likely ever take on paid off can be a pretty exciting idea. Believe it or not, people haven’t always been so eager to pay off their mortgages; it’s certainly [...]

What Happens When My Mortgage Lender Goes Bankrupt?

written by John Crenshaw

With all the turmoil in the mortgage industry these days, a number of our readers have been wondering what happens if their mortgage lenders go belly up. Will the terms of your loan change? Will you have to renegotiate the loan with another lender? Well, most of what goes on in the secondary mortgage market [...]

Rent vs Buy

written by John Crenshaw

The rent vs buy decision for a home is ultimately your own, however, if you feel like the time is right, you should take a step back and really examine whether home ownership is something that is right for you.
When you do decide that it may be the right time to buy a house, this [...]

NINA, No Doc, & No Ratio - The Less Common Mortgage Doc Types

written by John Crenshaw

If you caught our last article about Mortgage Documentation Types, you know a bit more about the more common mortgage doc types and their requirements. Although most homeowners will refinance many times throughout their lives, they may never hear about the other, less common doc types. In this article we’re going to dive into NINA, [...]

The Benefits of Option ARMS

written by John Crenshaw

If you’ve read our last article, Examining the Option ARM and its Bad Press, you should have a basic understanding of how Option ARM mortgages function and an idea of why they’ve been receiving so much bad press lately.
Perhaps the main reason nobody has anything good to say about these loans nowadays is because so [...]

Examining the Option ARM Mortgage and Its Bad Press

written by John Crenshaw

If you’ve been following the news at all lately you’ve no doubt heard about the poor state of the real estate and mortgage markets these days. Even though the press tends to exaggerate, both markets are in tough shape right now. Much of what the press is focusing on is the Option ARM Mortgage - [...]

Full Doc, Stated Doc, and All The Other Mortgage Doc Types

written by John Crenshaw

You may have heard the term “Full Doc Loan” before, in this article we examine the different mortgage income and asset documentation types and their specific requirements.

The Dollar is Falling, the Dollar is Falling!

written by John Crenshaw

Ok, so it may not be the sky, but the dollar has been losing ground against just about every currency out there. You may have heard something about this or maybe not, either way, you should know how it affects you.
I remember going on my 6th grade class trip to Canada and being amazed at [...]

So Did Rates Go Up Or Down? - Clearing Up The Confusion

written by John Crenshaw

I’ve done a lot of reading over the past several days about the Fed rate cut, if you’ve been following this at all, you’ve probably heard about 10 different opinions on the topic. Trust me, I know the feeling. Before I got into the mortgage industry I was so confused by financial commentary that I [...]