Jack's Stories

Not everyone is cut out for the responsibilities that come with owning a home
Jul 10

A price quote means nothing until it is properly locked with the lender. A rate lock, as it is commonly called, is the lender’s commitment that it will make the specified loan at the specified price within a specified future period. The price includes not only the interest rate but also points, which are upfront charges expressed as a percent of the loan; fixed-dollar charges; and (if the loan is adjustable-rate) the margin and maximum rate.

Apr 1
Complications arise when home is underwater
Mar 25
Fear of losing one's home does not encourage rational thought
Mar 18
What seniors should know if borrowing costs start to rise
Mar 11
New tool aims to eliminate pricing gamesmanship when comparing loan options
Mar 4
New regulations may prevent another bubble, but deprive consumers of options
Feb 25
Lending policies can fuel -- or avert -- housing bubbles
Feb 18