Veteran mortgage professional, Russ Laing of Vista Lending, joins us with insight about the dramatic changes in mortgage lending since rates more than doubled in the past year, and what borrowers can do to improve their terms on new mortgages.
Has the market really cooled off? How do lenders make money? Why are jumbo rates often so different from conventional rates? How ominous are current mortgage statistics? What can a borrower do to drive down the interest rate they receive? What should self-employed borrowers know about how lenders look at income? How to think about buying points? Which mortgage products have become useful again? What drives mortgage interest rates? Will blockchain technology ever disrupt the industry?