In the last 10 years, how we “do” loans has changed dramatically.  In doing so we see some of the flaws in our current system that have surfaced recently with the “drying up of available equity”, or “the credit crunch” and the severe toll that it has played on the economy.  To better understand the history of the mortgage process and how it effects you and your business today, read Saga Of The US Mortgage Industry.  This is one of the best explanations of how the system works and where it has progressed from. 

The follow up article to that one is How To Safely Manage Home Equity to Achieve Financial Freedom And Build Wealth.  This happens to be a more important article than the first one listed here.  80% of Buyers obtain a 30 year fixed mortgage, and for most they are probably wasting money by being in the wrong program.  This article explains how you should better utilize your abundance of mortgage options to make sure you are in the right program for your needs, and how to safely manage that equity.

Both of these articles happento be from one of the best lenders in the industry and someone I have had the pleasure to work with.  By the way,  she also coaches with the Honolulu Bulls, as do I, so we have quite a few things in common.  Don’t hesitate to contact Keri Shepherd with any mortgage questions you may have.