Category: Blog

How to Convert Your Equity into Cash

Today, let’s talk about the ways that home equity lines of credit (HELOCs) can benefit you as a homeowner.   Unlike a traditional mortgage, with a home equity line of credit (HELOC), you’ll only be charged interest on ...
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Part 6 of 7: The Ability to Repay Law & Quali...

Welcome to part six of my seven-part series about the big changes that have happened since the mortgage meltdown! Today I’ll discuss the Ability to Repay Law and the Qualified Mortgage Rule. Giving loans to people without validating ...
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Part 5 of 7: The Anti-Steering Safe Harbor Law

In today’s fifth installment in my seven-part series on what changed after the mortgage meltdown, I’ll focus on the Anti-Steering Safe Harbor Law.   When you and I work with a mortgage broker, the broker has the ability ...
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Part 4 of 7: The Loan Officer Compensation Rule

The Dodd-Frank Act ensures that loan officers can’t ever earn any more or less money by selling a specific loan.   It’s time for section four of our seven-part series talking about reform and mortgages. Specifically, today we’re going ...
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Part 2 of 7: The Dodd-Frank Act and CFPB

The Dodd-Frank Act created the CFPB, one of the strongest federal agencies we’ve ever seen. Here’s why it was created and how it works. On part two of our series about what has changed since the mortgage meltdown, ...
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Part 1 of 7: How the Mortgage Industry Protects To...

Today we’ll discuss one of the first changes to the mortgage industry stemming from the meltdown: the National Mortgage Licensing System. Welcome to my new seven-part video series titled “What Changed After the Mortgage Meltdown.” For the first ...
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How to Use FHA Financing to Your Advantage

FHA financing will not only let you buy with a low down payment, but they’ll also let you buy a two-unit property with it. Here’s how. One of the problems that I’m noticing in our local community in ...
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