For financial markets to operate smoothly, they need the security that comes with certainty. Uncertainty in financial markets creates chaos and causes them not to operate properly. In light of this truth, is it any wonder that conventional mortgages can be hard to get, even when everything about the transaction looks good? Check out what’s happening with Fannie Mae and Freddie Mac—the two semi-governmental agencies that manage the conventional mortgage market. The recent head of the Federal Housing Finance Agency (FHFA) planned to phase out both Fannie Mae...
There are a lot of great things that the Internet has done for our modern lives and certainly more than a few problems that it has caused as well. Wouldn’t you agree? But when it comes to real estate and lending, we think the Internet has provided consumers with some very valuable services. Hey, you’re reading this on the web, right? As much as we love our site and our blog, we know that there are a few bigger and more important real estate and lending websites out there. We’ve been especially fascinated watching sites like Zillow.com and...
“I have not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison Today we all know Thomas Edison by his enormously successful inventions, among them the light bulb. However, on the way to his 1,093 US patents—still a record, by the way the great inventor failed more times than he could count. His secret was trying different ideas until he found one that worked. It’s really no different in the world of finance. Many of the richest people in the world have gone down paths that didn’t work out. But as naturally persistent people, they...
California Hard Money for Investment It used to be seen as completely insane to stuff the money you manage to save in your mattress. Why not put it in the bank and get some interest on it? As the saying goes, “That was then, this is now.” If you’ve studied the meager interest rates banks and savings and loans are paying on deposits, it can be very disheartening. The mattress is looking better every day. This is especially true if you look at the various fees you’re probably paying on your checking account in the very same financial...
