Keith Gumbinger
Keith Gumbinger
credit higher interest knock percentage points primary score
Listing the person with the higher credit score as the primary borrower, ... may knock as much as two percentage points off the interest rate.
people realistic time
People are a little more realistic about their time frame, especially young folks,
card cause certainly change fall fallen might talk trying whether
It certainly could cause a change to the marketplace, ... But you're trying to talk about whether the 14th card might fall when first one hasn't fallen yet.
home mortgage taking
For most home buyers, especially first-time buyers, taking a 15-year (or 20-year) mortgage is out of the question.
costs
If it costs them more, it'll cost you more.
cuts likely mortgage rates succeed
If the Fed's cuts succeed in stimulating the economy, then mortgage rates are actually likely to rise,
borrowers budgetary cushion extra financial impact manageable safe spending themselves year
Most borrowers have some financial cushion so the impact won't be immediate; spending an extra $380 is manageable at first. But it's safe to say there are some who will find themselves in budgetary difficulties a year or two down the road.
bridge loans methods variety
There are a variety of methods by which bridge loans are made.
cash expect exposure free period rates remain rising
This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.
borrowers budget buy encouraged invest loans money paid people product save stretch value
These loans can be of value for people who want to save or invest the money they would have paid in principal, ... Unfortunately, the way the product has been pitched, borrowers have been encouraged to stretch their budget to buy more house.
increased pain point quarter soon start
A quarter point here, a quarter point there, and soon you start to feel the pain of significantly increased monthly payments,
below borrow half percentage point possible prime quarter
In many markets, it's possible to borrow at prime or even a quarter to a half a percentage point below prime.
additional continue debts exceed guarantees home levels prices quickly rates remain value
Not only do you not own any of your home, but you may be piling up additional debts that could quickly exceed the value of the home. There are no guarantees that rates will remain at comfortable levels and no guarantee that home prices will continue to go up.
borrowers choices expanding include loan means menu niche opportunity
Expanding your menu (as a lender) to include as many loan choices means you get a better opportunity to scour borrowers out of niche markets.