Mortgage Grader

Sep
19
2021

You, too, could own a McMansion thanks to low jumbo rates
Interest-only rates are as low as 1.875% on large, adjustable-rate loans, making it cheaper to buy than rent — but only for the first three years. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | September 19, 2021 What is stopping you? Maybe you, too, can...

Sep
16
2021

Who Qualifies For A Reverse Mortgage?
A reverse mortgage is a loan for homeowners over 62 years of age who have substantial equity in their homes. With this loan, they can borrow against their equity and get access to cash to pay for any cost-of-living expenses they may have. Rates typically start at less than 3.5% per year, and the...

Sep
12
2021

Some homebuyers balking at unreasonable seller demands
Mortgage lenders also have a say by refusing to fund the buyer’s loan until deficiencies are corrected. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | September 12, 2021 Medi-spa nurse manager Tina Sherman struggled to find a larger Orange County home...

Sep
09
2021

Discover Your Home Equity Options
One of the pluses of property ownership is the opportunity to build equity. If there's ever a time that you need a considerable amount of cash (such as for paying off debt or a home remodel), you'll have access to it by borrowing against your home equity. That's essentially the purpose of a...

Sep
05
2021

Record home-price gains zapping mortgage insurance
Southern California’s median home price jumped an astronomical 26% since 2018. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | September 05, 2021 Ali Elahi, one of my firm’s clients, doubled down and won big, saving $800 in monthly mortgage...

Recent Articles