Mortgage ramblings from Lewis Poretz - Mortgage Advice - Market Updates - Problem Solver
ARCHIVED BLOG POSTS
.....................If you currently have a second mortgage, home equity loan, line of credit or anything that is a lien on your property, you will be required to have that loan subordinated or paid off when refinancing. And let me tell you, these bad boys are a nightmare! Currently I have ...
Many readers may not want to hear what I have to say. I said it before and it brought out responses from a few people that don’t like reading statements they percieve as doom and gloom..... Maybe I didn’t do a good enough job of simply pointing out some GLARING STATISTICS that can’t be denied n...
Consumers, realtors and mortgage brokers continue to have deals killed because of the new HVCC appraisal compliance regulations. Inferior appraisals are now becoming the norm with no help in site. This program has come under serious fire and hopefully will be placed on hold very soon as refinance...
Have you been listening to the media lately? Many are saying that the housing market has hit bottom and the economy is on the way to a recovery. To these people I say nonsense! As a mortgage banker who fields calls for refinancing and purchases every day I can tell you this is a false st...