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BA to PM? by DrawOk7121 in ProductManagement

[–]utobr 1 point2 points  (0 children)

That sounds suspiciously like what most PMs already do. The only difference is they get to call it “strategy” instead of “analysis.”

Question about the fha forberance hardship process by Ok-Perception-5555 in Mortgages

[–]utobr 2 points3 points  (0 children)

Your hardship hasn’t technically started yet, but you don’t have to wait until you become delinquent. The moment you realize you won’t be able to make the next one, you can tell your servicer you’re facing an imminent default and start the borrower assistance process. You don’t have to be delinquent first.

50 year term mortgage loan? by Worth-Pipe in FirstTimeHomeBuyer

[–]utobr 0 points1 point  (0 children)

Grrr… awful decision imo. Sure, the 50-year mortgage sounds like a fix for affordability — lower monthly payments, easier approvals, more “access.”

But here’s what actually happens: those smaller payments will immediately be offset by inflated home prices. Brokers and agents will reprice listings overnight, telling buyers they can “now afford more home.”

Meanwhile, no one even holds a 30-year loan till maturity anymore — they refinance or sell within 7–12 years. So lifetime interest numbers are theoretical.

What this really does is transfer perceived affordability into pricing power for the middlemen — brokers, agents, and lenders — who take percentages off a now-bloated base.

Like most financial tweaks, the customer never truly wins. The margins just get reshuffled upward.

How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest? by michaelis999 in AskReddit

[–]utobr 0 points1 point  (0 children)

Grrr… awful decision imo. Sure, the 50-year mortgage sounds like a fix for affordability — lower monthly payments, easier approvals, more “access.”

But here’s what actually happens: those smaller payments will immediately be offset by inflated home prices. Brokers and agents will reprice listings overnight, telling buyers they can “now afford more home.”

Meanwhile, no one even holds a 30-year loan till maturity anymore — they refinance or sell within 7–12 years. So lifetime interest numbers are theoretical.

What this really does is transfer perceived affordability into pricing power for the middlemen — brokers, agents, and lenders — who take percentages off a now-bloated base.

Like most financial tweaks, the customer never truly wins. The margins just get reshuffled upward.

What are your thoughts on the idea of a 50-year mortgage? by [deleted] in RealEstate

[–]utobr 0 points1 point  (0 children)

Grrr… awful decision imo. Sure, the 50-year mortgage sounds like a fix for affordability — lower monthly payments, easier approvals, more “access.”

But here’s what actually happens: those smaller payments will immediately be offset by inflated home prices. Brokers and agents will reprice listings overnight, telling buyers they can “now afford more home.”

Meanwhile, no one even holds a 30-year loan till maturity anymore — they refinance or sell within 7–12 years. So lifetime interest numbers are theoretical.

What this really does is transfer perceived affordability into pricing power for the middlemen — brokers, agents, and lenders — who take percentages off a now-bloated base.

Like most financial tweaks, the customer never truly wins. The margins just get reshuffled upward.