LENDER’S VIEWPOINT - By Broker, Forest Tardibuono
I thought to write an article about all the changes in regulations that hit Hard Money lending as of January 10th, but I am almost too busy writing loans! The changes in regulations have been so long in coming that I have actually pretty much taken all in stride. The news wants to…Continue
Added by Ken Walker on February 26, 2014 at 3:39pm — No Comments
The below graphic illustrates why you should diligently find a way to buy a house rather than renting one. Over the 26 years I’ve been in Real Estate the market has fluctuated quite a bit. I can tell you right now owning your own home is the way to go. Why put money into something if you never gain equity? At times Home Buyers “wait until Spring” to buy their new home but with the current market trends continuing as they have been, house prices are only going up.
If you are…Continue
Added by Ken Walker on February 24, 2014 at 4:51pm — No Comments
Preview of coming attractions! I will have a future, more exact Blog on the recent changes to Hard Money lending – High Cost loans. For now, I have taken all in stride and will continue to promote Hard Money loans that fully conform to all the changes.
Most of the changes impact Owner Occupied loans and none are horrible. Some key things that will be different in my Owner Occupied Program… 1. All Borrowers have to do Credit Counseling through an approved agency…Continue
Added by Ken Walker on February 5, 2014 at 5:59pm — No Comments