Will Overlays Undermine My Mortgage Application?
Question: We’re interested in buying a small house and our lender says we may face overlays? What’s an overlay? Answer: We usually think of the lending process…
Contributor
Peter Miller
Peter G. Miller, author of The Common Sense Mortgage, is a real estate columnist syndicated in newspapers nationwide. Peter has been featured on Oprah, the Today Show, Money Magazine, CNN and more. Follow Peter on X.
Articles by Peter Miller
Why Does Our Rich Uncle Want A Share Of Our First House?
Question: We’re interested in buying our first house and our uncle – a very rich uncle – has said he’s willing to help. When he said “help,”…
Is It Time For Interest-Only Mortgages?
Question: With interest rates on the rise we are looking for a cheaper mortgage and lower monthly costs. One lender has suggested we consider interest-only financing. What are…