Posted on Thursday, 4th June 2009 by chrisjones
Got a question from a client the other day that I hear a lot, so I thought I’d post my response to it, in the hope that it would be helpful to more than just her. Q: Why do I need to provide my social security number and birthday? I’m not sure I want to [...]
Tags: approval, lehi mortgages, utah mortgage, utah mortgage broker, utah mortgage lender
Posted in Blog & News, Finance 101, General | Comments (0)
Posted on Tuesday, 19th May 2009 by chrisjones
Once, a thousand years ago, there were new loan programs coming out every day or two. Now there are only a few left, and no innovation coming from the private loan markets, because it is the Fed that is doing all the dictating. But they are doing some dictating. Yesterday HUD said it is writing [...]
Tags: downpayment assistance, DU Refi Plus, mortgage industry, mortgage lending, mortgage loans, mortgage modification
Posted in Blog & News, Finance 101, General, Rate Watch | Comments (2)
Posted on Tuesday, 19th May 2009 by chrisjones
A couple weeks ago I posted about debt and spending in A Conundrum Wrapped in a Paradox, Stuffed in a Burrito. The point was that we as a country can get – and have gotten – to a place where we can’t keep spending as we have, because we weren’t spending our money, and now [...]
Tags: debt, Fed, personal responsibility, savings
Posted in Blog & News, Finance 101, General | Comments (0)
Posted on Tuesday, 28th April 2009 by chrisjones
Now that it appears that mortgage cramdowns are going to be stripped out of the housing bill in Congress, let’s talk about why they were a bad idea in the first place. Yes, I know that bankruptcy judges re-write credit card debt all the time. This is the argument that Elizabeth Warren, the chief TARP [...]
Tags: cramdowns
Posted in Blog & News, Finance 101, General | Comments (0)
Posted on Monday, 27th April 2009 by chrisjones
Periodically, I hear the same question from enough people that I know it’s time for a detailed primer on some part of the mortgage process. So today, let’s take a close look at how mortgage interest rates and fees are determined, what “points” are, and what you need to know to make sure you’re getting [...]
Tags: fees, points, rates
Posted in Blog & News, Finance 101 | Comments (1)
