Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/10/d398796467/htdocs/wp-content/themes/flex/framework/theme-options/inc/ReduxCore/extensions/customizer/extension_customizer.php on line 291

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/10/d398796467/htdocs/wp-content/themes/flex/framework/theme-options/inc/ReduxCore/extensions/customizer/extension_customizer.php on line 304

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/10/d398796467/htdocs/wp-content/themes/flex/framework/theme-options/inc/ReduxCore/extensions/customizer/extension_customizer.php on line 330

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/10/d398796467/htdocs/wp-content/themes/flex/framework/theme-options/inc/ReduxCore/extensions/customizer/extension_customizer.php on line 342

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/10/d398796467/htdocs/wp-content/themes/flex/framework/theme-options/inc/ReduxCore/extensions/customizer/extension_customizer.php on line 361
Mortgage News Archives - Page 2 of 4 - That Mortgage Banker Blog

Category: Mortgage News

The Summer Housing Season

August 8, 2014 Marc Edelstein First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Real Estate Market Review, Mortgage Refinancing, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

For many, this housing season is a major indicator of what is to come with the economy. If we have another record year where house prices inflate another 20%+, it means the housing market is in full rebound and we are approaching pre-2008 values. If they suddenly plummet and lose all the ground they make, […]

What is a HELOC?

July 9, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

A Home Equity Line of Credit (or HELOC, for short) is a line of credit which is secured against the equity in your house. Different banking institutions offer different rates and terms based upon the percentage of equity you have available in your home. These lines of credit sit behind your mortgage, allowing you to […]

Should I Buy my House Cash or Use a Mortgage?

June 20, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Real Estate Market Review 0 Comments

If you have the cash reserves to buy your next house, it might be tempting to forego the mortgage process and use your savings, instead. You won’t have to worry about going through the mortgage process, you can generally close faster, and you avoid all of the interest paid on the mortgage. For the right […]

Did I Wait Too Long to Buy a House?

May 21, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Oakland County Mortgage Banker, Oakland County Real Estate, Wayne County Mortgage Banker 0 Comments

We all know the housing market collapsed in 2008 and 2009. House prices plummeted and there were deals aplenty. And the deals remained through 2009, 2010, and 2011. Foreclosures and short sales were everywhere, and you could buy a house at less than half it’s original price. But then in 2012, the market started to […]

Home Maintenance Costs

May 2, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

If you currently own a home, or have ever owned a home in the past, you know that home maintenance costs can kill your monthly budget. They are usually unexpected costs which arise at the worst time, leaving you cursing your home and bad fortune. And because things with your home (think roof, foundation, windows, […]

Is the Spring Really a Seller’s Market?

April 11, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Conventional wisdom dictates that the spring is a seller’s market. Houses show nicely in the spring. The holiday season has passed, tax time is over, and prospective buyers are ready to start shopping. And because we all hype the spring up as the time to buy a house, people come out in droves to buy […]

How do I Calculate Income if I Filed an Extension on my Taxes?

March 14, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Preapproval, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

There are a number of reasons why people declare extensions on their taxes, but I have found that it is most commonly done by small business owners who have very complicated returns due to multiple income streams and a number of different types of write offs. These people are often earning a nice living, own […]

Dodd-Frank Ability to Repay Rule Lender Fees

December 20, 2013 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Last week I discussed the new Dodd-Frank regulations and how they will impact home buyers, as well as what a Qualified Mortgage will be per the Dodd-Frank regulations. On Tuesday, we discussed the Dodd-Frank Ability to Repay Rule as it relates to the new DTI hard cap of 43%. And today, I would like to […]

The Importance of the New Dodd Frank Mortgage Guidelines

December 11, 2013 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

There is a lot of buzz relating to the new Dodd Frank mortgage guidelines which go into effect on January 10th. I have noticed an increasing number of on-air personalities have been discussing it on TV, and most of this discussion is in mortgage jargon. I think these changes can have a staggering impact upon […]

Mortgages Largely Unaffected by Government Shutdown

October 23, 2013 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Last week, I discussed some of the consequences of the government shutdown on the mortgage industry. Now, 6 days after the government reopened, I am proud to report that the impact has been almost nonexistent. Mortgages continued to close during the shutdown and continue to now. No one lost a home or lost an interest […]