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, No Doc, and No Ratio doc types and explore their roles in the mortgage industry. So let’s get to it. No Read more…
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 Read more…
In shopping for the best rate and lowest closing costs on a mortgage, the idea of low to no-cost loans capture the attention of even the most skeptical of borrowers. Advertisements abound with promises of no points and there is a lot of advice out there encouraging people to pay Read more…
The main reason nobody has anything good to say about these loans nowadays is because so many average homeowners took them when they’re actually beneficial to only a select group of people. Unfortunately, the way banks and brokers pushed Option ARMs over the past several years gave most of these Read more…
I was working with a client a while back who brought up a question that a lot of people ask me and it’s one of the most common questions I get asked. This particular client was interested in paying off his home early and wanted to go over some of Read more…