The recent headline news regarding the mortgage industry will have a widespread effect on home values and the availability of credit. Home foreclosures are projected to exceed $100 billion over the next six years (MSN March), and during the first ninety days of 2007, suddenly and unexpectedly thirty-six of the largest mortgage companies in the […]
Originally published by the Scotsman Guide
With unstable rates and declining property values, it has become increasingly difficult for loan officers to refinance their clients’ mortgages without increasing the homeowners’ monthly expenses. This is especially true when homeowners increase their loan balance by taking cash out during a refinance. Continue….