But, if you want to borrow money from me today, to pay back over the next 30 years, you better hell believe I'm going to charge you an interest rate above inflation to counteract inflation, make some money, and bake in some risk of default. In other words, if you borrow ...
One way to reduce the amount of mortgage recording tax you pay is to do a financial maneuver called a mortgage assignment under aconsolidation, extension, and modification agreement,also called a CEMA loan. In these situations the seller’s mortgage is assigned from one lender to another and th...
Lenders also want to see whether you’re a responsible borrower. Lenders will use the payment history for your student loans to assess your creditworthiness (this is reflected in your credit report andFICO®score, the credit score most lenders use to consider applicants). Another factor that le...
Reports that the New York Police Department has uncovered an identity theft scam in Queens in which phony mortgage deals were used to steal over one million dollars. Arrest of a group of people who h...
jumped ship in NYC. He and some of his ship jumping buddies were eventually picked up by immigration. Immigration made them a deal: Join the US Army or go back to Europe, “We don’t care if there is a war going on.” They joined the US Army. When my uncle was honorably ...
Having a mortgage made me want to boost my income. Three months of working 60 hours a week with three firms was as much as I could handle. But I figured out my limit, which is helpful in understanding one's potential for work and money. ...
In addition, mortgage lenders often encourage refinancing customers to borrow to pay their refinancing fee. Be careful. This adds to your overall debt burden and increases the interest you will pay over the life of the loan. Ideally...
As you mentioned, lending standards are a lot stricter in Canada compared to the U.S. Canada was praised for its rock-solid banking industry during the financial crisis. Canadian lenders don’t offer NINJA (No Income, No Job or Assets) mortgages. Simil...