Sentences with phrase «plain vanilla mortgage»
This is your everyday, plain vanilla mortgage loan available to everyone.
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Credit availability tightened as underwriting practices became much more restrictive, even for plain vanilla mortgages.
Not exact matches
Recently, at Fortune's Most Powerful Women Summit, legendary value investor and Berkshire Hathaway (BRKA) CEO Warren Buffett said that if you are looking to place a bet against the dollar, or that interest rates would soon rise, you should just take out a plain vanilla, 30 - year fixed mortgage.
For a country that has long considered a plain vanilla 25 - year mortgage from a bank to be the foundation of the home - buying industry, the potential changes wrought by these new entrants and product innovations strike some observers as puzzling, and perhaps dangerous.
«Lenders like loans that don't require a lot of work, that don't require scrutiny, that are plain vanilla if at all possible,» said Guy Cecala, publisher of Inside Mortgage Finance.
Aside from low down payments and favorable credit guidelines, FHA home loans have also been quite known for their plain vanilla fixed interest rate mortgages.
Conventional loans are the plain vanilla loan of the mortgage world.
President Barack Obama recently proposed that all lenders offer «plain vanilla» mortgages so consumers could understand the...
It may also affect the current structure of the mortgage market, in which banks mostly have focused on plain - vanilla and jumbo loans while nonbank lenders have targeted riskier borrowers, sometimes with more exotic...
These mortgages are dubbed «non-QM» because they don't meet Fannie Mae's and Freddie Mac's plain - vanilla «qualified mortgage» rules.
Most participants said the realistic course of action is to keep some type of government - backed entity behind the conventional mortgage market for 30 - year fixed - rate and other plain vanilla loans.
How they work: Conventional mortgages are «plain vanilla» home loans.
Patrick Schwerdtfeger, a California mortgage broker, notes that you'll probably come out ahead using a plain - vanilla mortgage if you've got decent credit.