Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
I got to thinking the other day that Trump’s plan to lower mortgage rates might be through increased unemployment. While everyone is seemingly focused on the other side of the coin, inflation, maybe it’s the wrong place to look. We’ve been talking about tariffs and deportations when maybe we should...
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Published on: 2025-02-17
Source:
The Truth About Mortgage
One of the biggest hurdles to homeownership is the down payment. After all, the typical American has barely anything in the way of savings. At last glance, the median amount in a transaction account such as checking, savings, or similar was just $8000, per the Federal Reserve. And for those...
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Published on: 2025-02-13
Source:
The Truth About Mortgage
If you’re thinking about buying or selling a house right now, you’re not alone. The housing market has seen a lot of unusual trends in the past couple years, so it makes sense that you’d want the latest update on what’ll happen in the market before you decide to buy...
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Published on: 2025-02-13
Source:
Ramsey Solutions
You’ve likely heard that one of President Trump’s goals is to lower mortgage rates. He talked about it on the campaign trail before he got elected, and has continued to call for lower rates since winning the election. Like most others, he is well aware that housing affordability is poor...
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Published on: 2025-02-12
Source:
The Truth About Mortgage
As a top mortgage company in New York, we offer the physicians mortgage program nationwide. There is a big demand for these types of loans. Not many lenders offer discounts to physicians or dentists. Here is what you need to know if you are looking for mortgage financing. Up to...
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Published on: 2025-02-11
Source:
Mortgage Depot
If you already have a mortgage, you might be curious about refinancing, and more specifically if you have to use your original lender. Or if it’s best to use them versus another option. Let’s talk about that to get a better grasp for how it all works. And why it...
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Published on: 2025-02-10
Source:
The Truth About Mortgage
No matter where or how we shop, spending money on random stuff is always a temptation. I’m looking at you, $100-Target-run-disguised-as-a-quick-trip-for-shampoo. And don’t get me started on the aisles right next to the store’s checkout lane. Mini hand sanitizers, minty-fresh gum and that magazine with the latest news on the...
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Published on: 2025-02-10
Source:
Ramsey Solutions
If you’re hoping for a quick release of Fannie Mae and Freddie Mac, you might want to exercise some patience. While the odds of the pair exiting conservatorship increased sharply once Trump’s second term began, it still faces an uphill battle. One of the major sticking points is mortgage rates,...
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Published on: 2025-02-08
Source:
The Truth About Mortgage
Rajib Giri is a seasoned banking professional with a distinguished career spanning over three decades in credit assessment, risk management, and business development. His extensive expertise in corporate, SME, and retail lending, combined with his strategic decision-making abilities, positions him as a highly effective Mortgage Loan Originator (MLO). With a...
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Published on: 2025-02-07
Source:
Mortgage Depot
If you’ve seen commercials for “Mortgage Matchup” lately, perhaps during an NBA game, or on the court itself, you might be wondering what they’re all about. This is actually an interesting question and answer because they are a company that doesn’t work directly with the public. Yet they advertise directly...
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Published on: 2025-02-07
Source:
The Truth About Mortgage
It’s been a good couple of weeks for mortgage rates, which benefited from a delay on tariffs and some favorable economic data. Between a slowing economy, reduced inflation, and the thought that the tariffs could be overblown, the 10-year bond yield has improved markedly. Since hitting its 2025 high of...
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Published on: 2025-02-06
Source:
The Truth About Mortgage
We believe in keeping our clients informed about all aspects of home financing, including the nuances of water supply systems. If your property relies on a shared well for its water source, there are important guidelines you need to be aware of to ensure compliance with FHA standards. Requirements for...
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Published on: 2025-02-05
Source:
Mortgage Depot
With a strong background in real estate and finance, John Palma brings a unique and well-rounded perspective to the mortgage industry. As a licensed real estate agent with Parkchester Bronx Realty, Inc. since 2015, John has spent nearly a decade helping clients navigate the complexities of buying, selling, and managing properties in...
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Published on: 2025-02-05
Source:
Mortgage Depot
Hanysh Dvorak is a highly experienced Mortgage Loan Processor with a proven track record in loan origination, processing, and compliance. With over two decades in the mortgage and financial services industry, he has developed expertise in managing loan applications, verifying borrower documentation, and ensuring compliance with state and federal regulations....
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Published on: 2025-02-05
Source:
Mortgage Depot
A new loyalty program has been launched by Better Mortgage that waives loan origination fees for life. Known as the “Better Forever Program,” it rewards customers by removing these fees when they refinance in the future or purchase a new property. While these fees can vary by bank or lender,...
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Published on: 2025-02-05
Source:
The Truth About Mortgage
If you have an adjustable-rate mortgage you’re looking to get out of, the good news is it’s usually as simple as applying for a refinance. The bad news is the interest rate might be a lot higher today, assuming you locked in a super-low rate several years ago. This has...
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Published on: 2025-02-04
Source:
The Truth About Mortgage
The Consumer Financial Protection Bureau (CFPB) has a new acting director, none other than Treasury Secretary Scott Bessent. The news was announced today after the firing of former CFPB director Rohit Chopra over the weekend, who had been in charge of the agency since September 2021. It now throws into...
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Published on: 2025-02-03
Source:
The Truth About Mortgage
It’s no secret for-sale inventory has been in short supply for a long time now, making it increasingly difficult to find your dream home. The supply of available homes fell considerably when the pandemic took hold, though since bottoming around early 2022, it has risen at a fairly steady clip....
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Published on: 2025-02-03
Source:
The Truth About Mortgage
If you haven’t heard, the Trump administration imposed tariffs on imports from Mexico, Canada, and China today. As of February 1st, there is a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese goods. At issue with the Mexican and Canadian tariffs is the impact...
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Published on: 2025-02-01
Source:
The Truth About Mortgage
You watch in disbelief as the cashier scans the items from your cart. Beep. Five dollars for a jar of peanut butter? Beep. Those tomatoes are double what they were last month! Beep. When did mac and cheese become a luxury item? And by the time you hear the grand total, your jaw is on the...
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Published on: 2025-01-31
Source:
Ramsey Solutions