Keith Gumbinger Quotes

What is new today is that lenders are allowing for the layering of risks on top of one another. What we don't know is what if we put all these risks together and put them in a rising interest rate environment, a declining housing market, or a weakening economy.

- Keith Gumbinger

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Today | Lenders | Allowing | Layering | Risks |

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If you re-extend from 15 years back out to 30 years, that might reduce your monthly payment by 30 percent... If there isn't a likelihood that you'll pay off your mortgage, the re-extension of the term of your loan could measurably improve your cash flow. - Keith Gumbinger

This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house. - Keith Gumbinger

If you've refinanced in the last 18 months or two years, this movie's a rerun. Rates aren't at compellingly low levels. - Keith Gumbinger