When available, a stated income-stated asset (SISA) loan was good for those that had excellent credit and showed the history to be able to repay their debts without regard to the actual amount of income they had. Typically these types of loans were for self employed individuals that used the benefit of the tax laws [...]
Archive for the ‘Refinancing’ Category
When and for whom is it best to get a stated income-stated assets loan?
August 29th, 2011
46 Comments
Guide to Refinancing
January 3rd, 2011
141 Comments
If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. But perhaps you bought your home when rates were higher. Or perhaps you have an adjustable rate loan and would like to obtain different terms. Should you refinance? This [...]
Guide to Self Locks
January 3rd, 2011
37 Comments
When you’re looking for a mortgage, you’re likely to shop among lenders for the most favorable interest rate, and the lowest points and other up-front charges. When you find the most favorable terms and the lender that you want, you’ll apply to that lender. But when you get to settlement, will you actually receive the [...]
How to shop for a Mortgage
January 3rd, 2011
256 Comments
With dozens of competing lenders and mortgages to choose from, you may think that today’s home loan market is terribly confusing. It really isn’t though if you know the basic facts about financing a house. That’s what this brochure is designed to give you. Let’s start with the questions that are probably uppermost in your [...]
