A Brief Guide to Short Sales

May 4, 2010 by GregoryL · Leave a Comment 

While short sales are not ideal outcomes for mortgage rates, it’s important to be aware of the ins and outs of the sometimes-practiced event. Here, we’ll give you the basics on short sales and how they affect lenders and borrowers. A Way to Mitigate Risk When a borrower is facing imminent foreclosure, lenders have the [...]

How Lenders Set Mortgage Rates

April 26, 2010 by GregoryL · Leave a Comment 

Many people who are looking for a mortgage want to know exactly how much they can borrow before they become involved in a mortgage. The fact is, banks and lenders use a variety of complicated factors to evaluate your ability to repay any loan. Income and Cash Reserves Will Affect Your Eligibility Lenders will take [...]