Well, sometimes. Okay, most of the time. But not always. Foreclosures: Bargain hunters beware! Myth no. 1: A big spike in foreclosures is right around the corner… …That’s because in most of the country, anyone who has owned a home for even a year or two is likely sitting on enough equity to sell or …
Monthly Archives: September 2025
Dissecting the “Lending Game”
Right now lender X is offering me a loan that looks something like this: 80/20 No down paymentOn the /80: 6.5% FIXED interest for 30 years, interest-only payment option for 15 yearsOn the /20: 8.75% FIXED interest for 25 years (amortized to 30) 6-month lock for 1-point ($3800) refundable fee with float-down option My response: …