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Are dangerous loans making a comeback?

As home prices were falling and the housing market was questionable, we were seeing most of our buyers making very conservative home purchases – with down payments of 5%-20%. However, in the past year, I’ve noticed more and more buyers purchase a home with little to no down payment.  I’ve even seen a few buyers Read More

Investment Property Financing – Latest Requirements

This is a Guest Post by Ryan Huemmer, the lender we use on our own rental properties. As an owner of investment properties, I get no greater joy than helping someone purchase their first investment property.  I’ve worked with AnchorBank for almost 8 years and the world of investment property financing has changed dramatically.  With Read More

Why Should A Condo Association Get FHA Approved?

Our condo association’s FHA approval recently expired and the condo board is currently debating whether or not to renew the qualification. Several of our board members have been rather opposed to getting the qualification with FHA extended. Although, the people opposed to this seem to view it as a low income housing program, which Is Read More

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