What is new today is that lenders are allowing for the layering of risks on top of one another, ... What we don't know is what if we put all these risks together and put them in a rising interest rate environment, a declining housing market, or a weakening economy. - Keith Gumbinger Quotes
What is new today is that lenders are allowing for the layering of risks on top of one another, ... What we don't know is what if we put all these risks together and put them in a rising interest rate environment, a declining housing market, or a weakening economy. Keith Gumbinger
 

More - Keith Gumbinger Quotes

I would definitely expect more of it. Buyers may not pay for it. The seller or builder may pay for it to get a house sold. - Keith Gumbinger Quotes

I would definitely expect more of it. Buyers may not pay for it. The seller or builder may pay for it to get a house sold.

Keith Gumbinger

 
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. - Keith Gumbinger Quotes

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.

Keith Gumbinger

 Beginning
As rates creep higher, we're likely to see more [loan] prices being put out into the marketplace which feature points as part of the equation, ... points are coming back into the lending lexicon. - Keith Gumbinger Quotes

As rates creep higher, we're likely to see more [loan] prices being put out into the marketplace which feature points as part of the equation, ... points are coming back into the lending lexicon.

Keith Gumbinger

 
In many markets, it's possible to borrow at prime or even a quarter to a half a percentage point below prime. - Keith Gumbinger Quotes

In many markets, it's possible to borrow at prime or even a quarter to a half a percentage point below prime.

Keith Gumbinger

 
If you've already got one set up, you're good to go. - Keith Gumbinger Quotes

If you've already got one set up, you're good to go.

Keith Gumbinger

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

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

Keith Gumbinger

 
If you've refinanced in the last 18 months or two years, this movie's a rerun. Rates aren't at compellingly low levels. - Keith Gumbinger Quotes

If you've refinanced in the last 18 months or two years, this movie's a rerun. Rates aren't at compellingly low levels.

Keith Gumbinger

 
If you're the gambling sort, you could get into an interest-only product and bet that the market will build equity for you. - Keith Gumbinger Quotes

If you're the gambling sort, you could get into an interest-only product and bet that the market will build equity for you.

Keith Gumbinger

 Gambling
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. - Keith Gumbinger Quotes

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.

Keith Gumbinger

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

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

Keith Gumbinger

 
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