raman kandola's (kandolamortgage) Blog

 What percent of your income goes to housing expense? A record 37.3 million households, or one in three, were paying 30% of their income toward housing in 2005, according to The State of the Nation's Housing 2007. The study said the number of households with that cost burden had risen roughly 20%...

 According to the National Association of Home Builders (remember the source!), mortgage lenders have tightened credit guidelines so much they're squeezing about 500,000 first-time buyers out of the market. A decline of that magnitude would reduce sales of new homes by 4% and sales of existing ho...

 As you are undoubtedly aware, the 1031 qualified intermediary business has received a great deal of press over the past few weeks, as a well known QI in San Jose filed for bankruptcy last month (on the heels of a Las Vegas-based QI folding earlier this year).  I have received numerous inquiries ...

 What are the differences between being a mortgage banker versus a mortgage broker? As a banker, you can control your own underwriting and closing process, create your own product set and guidelines, sell directly to Wall Street or conduits, set your own rates and manage your own rate lock polici...