Mortgage Update

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

ARCHIVED BLOG POSTS

2010 

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...
10/31/2010
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...
10/30/2010
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...
10/25/2010
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...
10/24/2010
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 ...
10/17/2010
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...
10/08/2010
Rainmaker
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Paul Luykx

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