Mortgage Update

Mortgage and Lending - LX Financial LLC
Mortgage Update - Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.



Is this a good time to buy? The answer is probably "yes".If you need to sell, than you have a small problem :) But maybe not. If you plan to upgrade, or make an investment, the time to do it is in a weak market. Maybe you could do this without selling first. Below is some useful information. Cont...
The minimum Fico is now pretty much 640 for mainstream loans, and you need 720 for the best rates. I can still assist with Fico's in the mid 500 range. /// Credit improvement to get approved or get a better rate is inexpensive and can be done quickly. It is fickle business so Do NOT let your clie...
I get the following questions a lot: "Is this a good time to buy?", and "Where are rates heading?". I don't know the answer to either of course, but let me know if you do please. I also think my answer is irrelevant because the common stance is: "I'll wait with my refinance until the rates go low...
October 25, 2010                                                                                 "I'm going to wait for the market to hit bottom before I buy" - a common stance prospects take. Below is an argument for buying NOW. The key question is this: "if rates go back up from the current all...
We are experiencing a convergence of events that constructively stifle real estate activity in a big way, yet I do more than a few investment loans for properties with excellent cash on cash returns. To what extent will low mortgage rates on current purchases compensate for a weak market? Are we ...
Mortgage Handbook for Real Estate ProfessionalsThe increased complexity of real estate and mortgage financing requires a more advanced relationship between realtor and loan officer. Realtors want information, when they need it - and may not be able to respond right away. To make this better I wro...

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