Sam Kader's (lasmart) Blog

The government intention to assist homeowners to refinance and to take advantage of historical low rates failed miserably. Out of 5 million projected homeowners, only 200,000 thus far took advantage (actually qualified) for it. The program that started in March last year is coming to an end in Ju...

  The next question is - could I qualify to refinance my property or to buy a house? Due to the market corrections, lenders are tightening the underwriting standards and requiring full documentation of income. Thus, eliminating a good chunk of prospects or homeowners if they do not have good inco...