As the mortgage industry continues to evolve, there are constant changes and expansions to products available. The days of vanilla 30 & 15 year fixed loans (though still excellent products) being your only options are long gone. One product that has begun gaining popularity is the “Reverse Mortgage”. […]
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Mar
31
Mar
28
Why are so many Americans who make a decent living drowning in debt, unable to save money, and frustrated by their finances? Two reasons are rooted in the way we think.
#1 Someone asks you, “How much money do you make?” You say, “Fifty thousand dollars.” …Then you go around thinking that’s what you make. So […]
Mar
27
Put the coffee down!!
Category: Best Practices, Education | 
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Because it’s time to wake up and smell the roses! Between the FOMC slashing interest rates like it’s going out of style, to JP Morgan’s bailout for Bear Sterns, what does this all mean? And how does this actually affect my mortgage rate?
As responsible investors, realtors and homeowners, we owe it to ourselves […]
Mar
26
Chuck Norris and the Economy
Category: Big Boss Man, Politics | 1 Comment
Mark Gilbert of Bloomberg has a hilarious list (http://chucknorrisfacts.com ) of ways of how Chuck Norris controls the economy:
Chuck Norris doesn’t target inflation, he roundhouse-kicks it until it begs for mercy.
Chuck Norris doesn’t supply collateral, only collateral damage.
The tears of Chuck Norris would supply enough liquidity […]
Mar
25
SubPrime Mess
Category: Big Boss Man, SubPrime | Leave a Comment
What really happened with subprime? Why does my mom ask me every week, “Are you a bad subprimer mortgage person?” The sad part is, that in 2005, someone with a 560 FICO was getting 100% financing on a $400,000 house without a job. “Bad subprimer mortgage persons” would simple make a job up out of […]
Mar
21
Coming to America
Category: Big Boss Man | 1 Comment
Welcome to the American Street Blog, powered by American Street Mortgage Company and You (yes you).
With all the bad news in the housing market, we thought to create a site where you, your mamma and cousin too, can post pictures, photos, video, comments and your bank account number (just kidding), regarding housing. (It’s exciting, stop […]
Mar
14
See what good ’ole Americans are asking.
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