Thomas Turner's Blog

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Mortgage and Lending - Caliber Home Loans, Inc. NMLS 15622 - nmls#91296 Caliber #15622

ARCHIVED BLOG POSTS

2013 

    Is age discrimination allowed in mortgage lending?  The answer is absolutely not!  I was recently approached and asked if a 72 year woman could buy a condominium and get a 30 year mortgage.  The individual was retired and receiving pension and social security income.  The question was asked i...
09/26/2013
Reverse Mortgage loans have new regulations effective September 30, 2013.  Because of these changes it could cause a greater number of borrowers to no longer qualify. Reverse mortgages have been a growing source of additional income for people 62 years or older.  With the new requirements it will...
09/08/2013
Jumbo mortgages today have a lower interest rate than conventional mortgages.  For those who don't know a jumbo mortgage in most markets is a loan that is over $417,000.  And because they typically aren't as liquid as conventional mortgages the rate on a jumbo mortgage is higher than a Fannie Mae...
09/05/2013
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Thomas Turner

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