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October 27, 2010

Waiving Your Financing Condition

If you waive your financing condition without a fully qualified commitment from your lender, you are taking a substantial financial risk. That said, most people still do this as a matter of course. Today's post explains why this happens and gives you some tips on how to minimize your exposure if you decide to waive financing without a firm lender commitment in place.
October 6, 2010

Fall Mortgage Market Update (2010)

Today's post is my quarterly update on the state of the mortgage market. It focuses on deleveraging, a necessary but painful process that is acting as a drag on economic growth (particularly in the US), and explains why I don't think rates aren't going anywhere fast.
September 22, 2010

Budgeting for a Mortgage

Budgeting is a lot like exercise. Everyone knows it's good for you but most people procrastinate actually doing it. Today's post outlines two ways to get on top of your finances: The Easy Way and The Hard Way.
September 7, 2010

Do Higher Interest Rates Cause Lower House Prices?

Most people believe that when interest rates go up, house prices will fall. I did too until I ran the numbers and discovered otherwise. Check out today’s post to learn more about why thirty years of data doesn’t support this widely held belief.