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Brian Leibowitz, CEO of Affordable Financial Services, answers a few questions on current trends in the mortgage industry. What do you think is the reason for the recent rise in mortgage applications? Low interest rates have been the major catalyst in motivating homeowners to attempt to refinance. But due to recent cutbacks in major lending institutions, loan … Continue reading Quick Q&A with Brian Leibowitz, CEO, Affordable Financial Services In simple words, credit scores help lenders know what risk they would be taking by loaning money to you and the likelihood of you repaying the loan. Generally, the higher your score, the more money you can borrow, and the lower the cost of borrowing. Credit score usually refers to your FICO score, a number based … Continue reading An Introduction To Credit Scores After a surge in mortgage applications last week in the U.S., we may expect to see a slow but steady recovery for the mortgage industry, which has been adversely affected by the recent slump in the housing market. During the week ended October 2, the Mortgage Bankers Association’s (MBA) index of applications to purchase a … Continue reading Slow But Steady Recovery Expected For Mortgage Industry |
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