Author Archives: theloanman

Here are 4 easily avoided mortgage mistakes that home buyers make every day…  The first one is not paying attention to ALL of the terms of a loan. You might see a fantastically low advertised rate and think that’s what … Continue reading →

Are you thinking of purchasing a second home? If so, you know the first good reason: You’ll enjoy it! You’ll love the comfort and convenience of having your own things in your own place, and you may even love being … Continue reading →

Right now many Americans, especially the self-employed, are reviewing their 2015 expenditures to make sure they’ve claimed every legal deduction before filing their Federal and State income tax returns. It’s a smart thing to do, unless you want to buy … Continue reading →

Are you still holding on to the American Dream of home ownership? If so, you probably know that obtaining a mortgage loan isn’t quite as easy as it was ten years ago. Banks have wisely become more cautious. But it … Continue reading →

When you’re thinking of purchasing a home, refinancing, or getting a reverse mortgage, you naturally want the interest rate and terms that will be most beneficial to you. In other words, you want to pay the least for the most … Continue reading →

Today, many who have attained the American Dream of home ownership are taking it a step farther – and dreaming of owning a vacation home. Many are making that dream come true. According to the National Association of REALTORS® (NAR), … Continue reading →

When you set out to purchase a home you have several financial factors to consider. First, of course, is the price of the home. Next is your mortgage interest rate. Those two factors, together with taxes and insurance, will determine … Continue reading →

Should a friend or family member ask you to co-sign a mortgage loan, the best thing you can do for everyone concerned is to say no. Let’s assume that it is your brother who has approached you about co-signing… Why … Continue reading →

First, what it does NOT mean is that you’re likely to see an immediate increase in mortgage loan rates. Mortgage rates are tied to the yield on mortgage-backed securities, which are tied to the yield on the U.S. 10-year Treasury … Continue reading →

What is a boomerang buyer? A person, or a couple, who lost their home when the real estate bubble popped back in 2006 and is now ready to re-enter the housing market. A recent study by TransUnion found that approximately … Continue reading →