ARMs may soon be ready for a revival, albeit with tighter regulatory restrictions and a re-calibration of longstanding assumptions about who the product is best suited to serve. [More]
Have you ever bitten off more than you could chew or found yourself asking the question, “How did I get myself into this?” In today’s housing market, thousands of homeowners are asking themselves this very question.
Let’s back track a few years to 2006 – a time when young people applying for mortgages were getting approved for three to four times the amount of what they could actually afford. But hey…spend it if you got it, right? Wrong.
I can gua... [More]