Is Mortgage Insurance Dr. Jekyll or Mr. Hyde?

Mortgage insurance is often seen as or referred to as a necessary evil. It’s a lot like life insurance, or any type of insurance for that matter, in that nobody likes paying the premiums, but they sure like it when they need to make a claim. When I’m asked to explain mortgage insurance I usually begin by comparing Read More >

What Are Lenders Looking For? Collateral!

When a lender is confronted with a borrower seeking financing they are looking for the 4 Cs of borrowing. In a post entitled “What is the Greatest Obstacle to Borrowing Money to Purchase a House?” I explained what the 4 Cs of borrowing are. In this post I intend to get much more specific as to what a lender is looking Read More >