Mortgage Grader

Jul
25
2021

Will lenders refund fees paid for a market downturn that never materialized?
Mortgage giants Fannie Mae and Freddie Mac squeezed $5.9 billion from refinance borrowers, citing fears the pandemic would spark an “adverse market.” By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | July 25, 2021 Chino Hills resident Rick Serpa...

Jul
23
2021

Ten steps than can improve housing affordability
Removing antiquated laws can reduce closing costs by more than half. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | July 23, 2021 Dear President Biden: I was excited to read about your recent Executive Order on promoting competition across America with the...

Jul
21
2021

Prequalified And Pre-approved: What's the Difference?
If you're thinking about buying a home, then you've probably heard the terms "pre-approval" and "prequalification." While often used interchangeably, there's a slight difference between the two. This blog will go over what it means to be prequalified versus pre-approved...

Jul
17
2021

Zero-down mortgages are back a decade after mortgage meltdown
Will this new wave of exotic bank statement and fog-the-mirror mortgages crash housing again? By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | July 17, 2021 The loftiest of home prices are upon us. Like the 17th-century tulip mania, everybody has got to get on...

Jul
14
2021

Can a 40-year mortgage save failing borrowers?
New government program will support already delinquent FHA and VA borrowers. By Jeff Lazerson | jlazerson@mortgagegrader.com | MortgageGrader.com | July 14, 2021 On the heels of the July 4 Independence Day weekend celebration, this fall we get to add a loan term extension up to 40 years...

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