Mike Wald's (mwald) Blog

Mortgage Q&A: "Can I refinance with negative equity?" Nowadays more and more homeowners are finding that their home isn't worth what it once was. In fact, many are discovering that their current mortgage balance exceeds the value of their property, putting them in a position of negative equity, ...

The 5/1 hybrid adjustable-rate mortgage fell below four percent during the week ending September 27. The loan program, which is fixed for the first five years before becoming a yearly adjustable, fell to 3.94 percent from 4.00 percent a week earlier. That should be enough to garner more interest...

Recommendations for Rental Property Investors There are many advantages to owning rental property, including the tax advantages you can enjoy while the mortgage on the property is being paid down. If you manage properly, you can take that rental income tax free all the years you are paying off th...

Defining Different Types of Home Sales If you've always wondered the difference between different types of home sales, you're not alone. People in the industry love to throw around "buzz words" like foreclosure, shortsale, bank owned, etc. But if you don't know what they mean, it doesn't do you a...

  Owning a home has long been a primary goal for most people. And the good news is that homeownership has become more available in the past twenty or thirty years. So if you dream of owning your own home, I'd like to share some smaller goals you can work on to achieve it: Organize. Start right no...

While there's a lot of buzz about the mortgage industry right now, you may be surprised to know the vast majority of people can still get a great home loan with a great rate. It's true the problems in the sub-prime market "loans for those with poor credit" have led to a tightening of guidelines ...

I want to briefly talk to you about something that I am seeing more and more of when it comes to quoting an interest rate.   You may see advertisements in the newspaper, hear a radio ad, or visit a website where they are showing a lower rate then most other lenders. How are they able to undercut ...

I want to briefly talk to you about something that I am seeing more and more of when it comes to quoting an interest rate.   You may see advertisements in the newspaper, hear a radio ad, or visit a website where they are showing a lower rate then most other lenders. How are they able to undercut ...

I want to briefly talk to you about something that I am seeing more and more of when it comes to quoting an interest rate.   You may see advertisements in the newspaper, hear a radio ad, or visit a website where they are showing a lower rate then most other lenders. How are they able to undercut ...

                                                      Six Things You Shouldn't Do Before Buying a Home                                                   Just because you're buying a home doesn't mean your life has to be put on hold...or does it? You never know what affect today's actions will hav...