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Eyes On Living

“Live Well & Prosper” ….an un-common-sense approach to life

How To Find The Ideal Home Mortgage Lender

Just as there are several different types of mortgages, there are several different types of mortgage lenders. Each offers some benefits that will make a particular type of lender betterin some situations than others.
Mortgage Bankers and Brokers — which should you choose?
There are two main categories of mortgage lenders — bankers and brokers. A mortgage [...]

Are We Nearing the End of the Subprime Follies?

About a year ago, I started writing about what I saw to be looming problems in the mortgage industry. Check out my related posts on The Real Problem With Subprime Loans and this mortgage come-on in  Mortgage Madness – Homebuyers Beware.
Within a few short months, things really started downhill and had tanked pretty well by the end [...]

Mortgage Madness – Homebuyers Beware

The headline below is from a popular website that is a perfect example of how some players in the mortgage industry have lost all perspective, left the real world of sound business, and moved on to “fantasyland”.
Along the way they’re leaving a trail of folks forced into foreclosure, and/or bankruptcy, not to mention trashed credit. [...]

The Real Problem with Subprime Mortgage Loans

Subprime loans are high-priced, high-interest products designed for borrowers with damaged credit, or in some cases, no credit. In other words, mortgage lenders, with and without brokers help, have underwritten mortgages for people that in many instances should never have been “qualified” for those loans in the first place.
Lest anyone think this sounds harsh, let’s [...]

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