47 Quotes by Keith Gumbinger

People are a little more realistic about their time frame, especially young folks,

Listing the person with the higher credit score as the primary borrower, ... may knock as much as two percentage points off the interest rate.

It doesn't sound like either of them got a particularly good deal.

Most borrowers have some financial cushion so the impact won't be immediate; spending an extra $380 is manageable at first. But it's safe to say there are some who will find themselves in budgetary difficulties a year or two down the road.

There are a variety of methods by which bridge loans are made.

This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.

Welcome to the cold reality. A lot of people selected short-term interest rate product and are now beginning to see how these things benefit the lender.

Whenever business slips a little, lenders trot this stuff out.

The question you need to ask yourself is, why would a bank be pitching you this product at this time? The obvious answer is that bankers believe rates will rise in the future. Getting you out of a fixed loan and into a variable one helps ensure profitability on your account.