Home Buying Advice
The Path To The Right Mortgage Product
Finding the right mortgage product doesn’t have to be a difficult task. Knowing the criteria that you must meet and being able to single out what you are looking to get out of your ideal property of interest and having the right information at hand prior to making a final decision may help open up […]
What Happened To The HARP Refinance Program 3.0?
Not long after the introduction of the Home Affordable Refinance Program 2.0, the Obama Administration announced plans of a HARP 3.0. So, when is the newer version of HARP 2.0 going to be released? Unfortunately, the discussion of a HARP 3.0 seem to have fallen short with no plans in the making. The Home Affordable […]
December Mortgage Rate Predictions
Based on the 3.97% mortgage rate that November averaged, we may see higher rates as we get closer to 2015. With the slow movement of mortgage rates last month in November, and the nearing of a 4.0% averaged mortgage rate, many housing economists are now led to believe that we may see a bit of […]
Reasons to Refinance in 2014
Is Refinancing Now a Smart Homeowner Move? The Market Says Yes. Buyers and sellers alike are constantly scouring mortgage news sites for information on mortgage rates and their trends. Government loans, such as Freddie Mac, are scrutinized each day. Where mortgage rates used to hover in the 6 percent range, a current evaluation places those […]
Freddie Mac: U.S. Housing and Economic Outlook 2015
2014 is coming to a close, what does this mean for rates? Where will they go? According to Freddie Mac, we may see a rate increase in 2015. It is definitely not the time of year to procrastinate on taking advantage of today’s low rates, whether it be refinance or a new mortgage purchase. As […]
Basic Entitlement: VA Home Loan Awareness
The Department of Veteran Affairs (VA) encourages that all lenders must try and offer Veterans the VA mortgage loan, considering that there is a significant amount of benefits that veterans can take advantage of, including assistance in preventing foreclosure. This isn’t the case unfortunately, many veterans today have been taking advantage of Conventional loans not […]
September Mortgage Loan Origination Overview
Obtaining a mortgage purchase loan is as easy as pumpkin pie! According to Ellie Mae’s Third Quarter Loan Origination Insight Report Purchase loans are seeing more action than Refinance loans. 32% of loans originated had a FICO score below 700 and the average score in the third quarter this September was 726. This proves that […]
Homes That Float
A home is a home, but a home can also be a means for transportation. Houseboats are more popular in other countries and can be seen in several different architectural design. There are appoximately 15,000 people who prefer a home that floats in the UK, from canals to rivers and coasts. While the mortgage process […]
How Much of an Impact does Student Loan Debts Have on Homeownership?
Student loan debts are piling up in the U.S. of up to $1.2 trillion, according to data analysis gathered by the CFPB (Consumer Financial Protection Bureau). With a total of over 7 million student loan borrowers in default, the chances of homeownership for these individuals are looking pretty slim at this point. Mortgage Home Base […]
