Ken Mascia's (kenmascia) Blog

I have heard a lot of politicians and news media talk about how mortgage brokers created the problems that are plaguing the mortgage industry. That is a bunch of baloney! I am a mortgage broker and lender and here is my side of the story.Mortgage brokers can only work within the framework of guid...

My last post was all about how credit scores are calculated and what scores are good or bad.  In Part 2 we're going to talk about what to do to maximize your credit score or to improve on your score if you'd like it to be higher.I hear the craziest things that people have been told to do in order...

The credit score - as mysterious as a gypsy palm reading? Kind of, yea. Sometimes I'm surprised that some credit scores are better than it appears they should be and others are worse. Why? I have no idea. This system is not perfect and nobody knows exactly how it works (strange but true). I have ...

Check this out; you may be having the same experience right now; many of the buyers I am talking to are looking for a "foreclosure", because they want to "get a really great deal."   Well, I can understand the logic behind this thinking.   All of the recent talk about high foreclosure rates combi...

No way!  A home inspection blew up your sale?  That only happens to some other poor sucker in tales told at Peabody's bar on Friday afternoon, right?  Not so much.   Recently one of my first time homebuyer clients has made three separate offers on three different properties and the home inspectio...

This is just a little follow up of the piece I wrote earlier this month “I Owe More Than My House is Worth!”    There have been a number of questions about Short Sales and I have a few answers.The definition of a Short Sale is when you owe more on a property than it can be sold for and your lende...

That’s a tough spot to be in pal.  With today’s real estate market and some very aggressive mortgage lending tactics, this has become all too common.  Many lenders encourage people to borrow all of their equity and in many cases, on an interest only loan!   This is truly a recipe for self destruc...

WOODWARD DREAM CRUISE 2006In Oakland County Michigan, the Woodward Dream Cruise is the event for car nuts.  Who isn't a car nut in Metro Detroit?  People either love this event or they hate it!   The haters are all people who live right near Woodward Avenue but don't want to participate in the ev...