Author Archives: theloanman

Understanding the how and why behind today’s bouncing mortgage interest rates almost requires a degree in economics. It also requires understanding of how both the stock market and the big banks react to events affecting the global economy, news from … Continue reading →

While consumers across the nation hesitate in fear that the economy could worsen, causing home prices to drop once again, Texas homebuyers need not fear. Jobs are the key to a healthy housing market, and Texas offers jobs. According to … Continue reading →

The Dodd-Frank Act, with its 2,000 plus pages, was signed into law on July 21, 2010 and touted as a consumer protection Act. In some ways that appears to be true. In others it appears to be a lender protection … Continue reading →

The Dallas housing market is hot right now – and you’d think that Dallas real estate professionals would be thrilled. They would be, except for one slight problem: Too little inventory for too many buyers. Agents report receiving 10 or … Continue reading →

When shopping for a new home, one of your first steps should be to become pre-approved for your home loan. Where should you go for that pre-approval? And where should you go for the actual mortgage loan? To a small, … Continue reading →

After three decades of boom and bust in the economy, wouldn’t you think that the Fed would quit trying to manipulate things and just let the free market bring some balance back? Nope, they’re not doing it. They still believe … Continue reading →

Do you know what it means when a real estate buyer is “Pre-qualified?” It doesn’t mean a thing. To become pre-qualified, a buyer simply gets on the phone with a loan officer and tells his or her story. The loan … Continue reading →

In Texas and across the U.S. the real estate market has turned upside down. Now, instead of “everything” being for sale, hardly anything is available, especially for entry and mid-level home buyers. Our inventory is down 26% from the spring … Continue reading →

Everybody talks about toxic loans – but where did they come from and why are there so many of them? It all started when some in government decided that everyone had the right to own a home, regardless of their … Continue reading →

Since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 passed, all of us in the real estate industry have been waiting to see how it would affect us. Will the new regulations help or hurt a consumer’s … Continue reading →