Author: badmortgage

Homeowners with some tolerance for uncertainty might find that an adjustable-rate mortgage is worth considering as a way to get a low introductory rate before the adjustments kick in. This loan type can be a particularly good choice if you’re aiming to rent out for flip the property, or when you know you intend to move before the loan’s fixed-rate period ends. Keep reading and we’ll explain how ARMs work, consider when an ARM is worth considering as an alternative to a fixed-rate mortgage, and look at ARM rates from a few top lenders. You can see the previous business…

A bill proposing a new way of determining what qualifies as a conforming loan would expand the jumbo market and invite more private capital into mortgage lending — but critics warn it could also push more borrowers into higher-rate loans and worsen an already severe affordability crunch. Processing ContentRising home prices have swelled the number of loans with balances above the conforming loan limits. While those limits rise every year based on the Federal Housing Finance Agency’s home price index, the adjustment is static and goes into effect at the start of the year. As a result, at the end of…

In the short run, a bit. In the long run, a lot more

ShutterstockA caller named Laurie thought she had bought a $1 million home. She had the title. She had paid $750,000 upfront. But when Dave Ramsey heard the details of her deal on The Ramsey Show on April 1, 2026, he told her she was sitting on a legal and financial time bomb.The problem is a mortgage clause most buyers never read until it is too late.What Laurie Actually BoughtLaurie explained that her sellers kept their existing $320,000 mortgage in place rather than paying it off at closing. The sellers owed $380,000 to the sellers themselves on a takeback arrangement, and…

A cap on the amount families can borrow through the federal Parent Plus program has some colleges and universities, especially HBCUs, scrambling for ways to fill the gap.

Better Home & Finance announced Monday that it’s strengthening its finances through unexpectedly high originations, cost cuts, the sale of a United Kingdom bank and a stock offering. The company reported that it is categorizing Birmingham Bank as held-for-sale and indicated it was actively working t

Move may deter higher-earning graduates from choosing to earn less or emigrate

Americans are increasingly inquiring about help with home foreclosure issues, data from attorney services platform LegalShield shows. Loading audio narration… LegalShield publishes a quarterly report on its Consumer Stress Legal Index, an economic indicator that tracks financial stress on US households, based on data from over 150,000 monthly calls with attorneys. The most recent update found that legal requests related to foreclosure have reached their highest level since March 2020, the month when the COVID-19 pandemic thrashed the US economy.”Most economic stress measures tell you how people feel,” Matt Layton, SVP of consumer analytics at Legalshield told Business Insider. “The…

The race to build AI infrastructure is no longer just a supply challenge – it’s becoming a capital markets problem. A new financing model from Forum Markets, which plans to deploy capital into short-term loans for Nvidia GPU purchases and potentially tokenize those loans on-chain, highlights how far the industry is moving beyond traditional funding structures.The company is targeting annualized returns in the mid-teens, on 60- to 120-day bridge loans tied to AI chip deployments. That mix of high yields, short durations, and alternative distribution via tokenization signals a market still struggling to align surging demand for AI compute with…

Mortgage availability to households is expected to increase over the three months to the end of May, according to a Bank of England survey of lenders. The availability of non-mortgage credit to households is also predicted to rise in the coming months, the survey of banks and building societies found. The Bank of England’s Credit Conditions Survey was carried out between February 23 and March 13, and it does not capture more recent developments. Mortgage rates and other household costs have jumped in recent weeks as the conflict in the Middle East has put an upward pressure on prices. The…