Aaron Cashmer

Are You Selling In The Next 5 Years? Switch to An Adjustable Rate…Seriously! Mortgage rates have been rising — sharply even — but not all rates are rising equally. As such, it’s an excellent time to look at 5-year ARMs. November 3 : The “Bottom” For Mortgage Rates  In April 2010, mortgage rates started a [...]

Mortgage Interest Rates Are All In Your Head. It’s like home buyers today are suffering from post-traumatic stress disorder. The housing crash, foreclosure crisis and banking scandals have all combined to make buyers more sensitive than ever before. That’s why even the slightest fluctuation in mortgage interest rates have huge emotional power today. Bottom line [...]

Banks : We’re Careful In Underwriting And We’re Scrutinizing You! It’s getting tougher to get approved for a mortgage. Yes, unfortunately its true. Banks Not Budging On   Paperwork   In its quarterly survey of senior loan officers around the country, the Federal Reserve asked whether “prime” residential mortgage guidelines” have tightened in the prior 3 [...]

The Falling, Long Term Cost Of a 30 Yr Fixed Rate Mortgage Each Thursday, Freddie Mac publishes a “national” mortgage rate in its Primary Mortgage Market Survey.  Despite its flawed methodology, the survey does a good job of showing whether mortgage rates are rising or falling. Since early-April, rates are down. And down big. A [...]

Good News Alert: 8 Reasons To Buy a Home and Why… OK people, enough with the doom and gloom about homeownership and the housing market. Sure, maybe there’s more pain to come in the housing market. But as a Wall Street Journal writer points out when “Time magazine” is running covers that declare ‘Owning a [...]

FHA Mortgage Insurance: It’s Going Going Up—How to Best Prepare? For the second time in 4 months, FHA is changing the way it charges mortgage insurance. The change is forcing homeowners and home buyers using FHA financing to make a monetary decision — use the current system for FHA mortgage insurance, or to wait for [...]

It’s 2010—Is Your Loan Officer Licensed?  If Not…Why? Let me ask you a couple questions: Would you take your kids to a doctor who just recently lost his/her license to practice medicine?     OR If you were needing legal representation, would you choose a lawyer who hasn’t yet passed the bar exam? The answer to both [...]

You Want to Shave ANOTHER 1% Off of  Your Rate? Look at this graph to our right — I get this question in my business almost every day…which is better, a fixed rate or ARM?  Well, this graph shows why that is not an easy answer. Because it depends on YOU! Let me explain… ARM’s [...]

8 Ways to “Un-Approve”  Your Mortgage By Mistake Sometimes, it’s not getting the mortgage approval that’s so tough. It’s keeping the approval. Short Sales Are Slow To Close: Unless you’re applying for a conventional mortgage or going FHA, getting to the closing table can take up to 2 months, depending on the speed of appraisal, bank [...]