Mortgage Infographics
The Next Wave of Boomerang Home Buyers
Having lost their homes to foreclosure, bankruptcy or short sale boomerang home buyers are now ready to take on a new mortgage loan. Speak with a professional lender today to see if you are ready to buy again! Boomerang home buyers are those who have lost their homes to exceptional circumstances and have been able […]
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 […]
November 2014: Foreclosure Report
November’s foreclosure report showed Florida with 0.14% foreclosure filings higher when compared with the nation’s 0.08%. The following statistics gathered from RealtyTrac are:
Housing Market Predictions For 2015
In a thriving economy, we know what this may mean for mortgage rates. In November, we saw mortgage rates moving slower than ever, inching closer and closer to 4 percent. November ended with 3.97% and as we moved into December, rates remained steady in the 4 percent range. This is no surprise for many housing […]
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 […]
CoreLogic Second Quarter: 2014 National Equity Overview
Despite the 34.2% increase in underwater homes in the U.S., 94.0% of more expensive homes have regained equity. The top five states with equity gain in mortgaged residential properties are: 1) Texas – 97.3% 2) Alaska – 96.5% 3) Montana – 96.4% 4) North Dakota – 96.0% 5) Hawaii – 96.0%
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 […]
RealtyTrac September 2014: Top Five Foreclosure States
According to RealtyTrac, the nation’s leading source for comprehensive housing information, there are a total of 1,039,021 properties currently in some state of foreclosure as of October 2014 increasing by as much as 15% from the last report in September. Though the percentage of properties increased when compared with September’s report, it is still 8% […]
Reverse Mortgage 101: Use Your Home to Stay at Home
Would your retirement be a lot better if you had extra income coming in? Reverse mortgages also known as HECM (Home Equity Conversion Mortgage) is one of today’s most beneficial loans available for all eligible senior homeowners. Homeowners across the nation are eliminating their monthly mortgage payments with the help of one loan, Reverse mortgage […]
Sept. 2014: Home Price Index National Overview
According to Corelogic’s National Snapshot of Changes in home prices, all states show appreciation in the month of September. National home prices are expected to increase by 5.0% between September 2014 and September 2015. The home prices including distressed sales have increased to 5.6% in September 2014 when compared with September 2013. September marked the […]
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 […]
RealtyTrac Sept. 2014: Top Five Foreclosure States
According to RealtyTrac, the nation’s leading source for comprehensive data, released its national foreclosure report for the third quarter of 2014. The foreclosure report for the month of September shows an improvement in volume when compared with August’s report. The number of properties received in foreclosure filings for the nation was 9% lower than August […]
Infographic – What Is A Short Sale
A short sale is a home sale agreement in which lenders allow borrowers to sell their homes for less than the amount owed on the mortgage. Homeowners who are unable to make their mortgage payments would sometimes consider a short sale if they don’t qualify for a refinance.
Infographic – Anatomy Of A Reverse Mortgage
The most widely available type of Reverse mortgage is the federally insured Home Equity Conversion Mortgage (HECM) and under a Federal program administered by HUD.
Infographic – What Is A Home Owners Association
The Good, the Bad, and the Ugly – Home Owners Association (HOAs) help maintain values and regulations in a community — that (usually) helps retain the value of the property. Yet, HOAs impose many strict rules on their residents, many of which seem absurd. The ugly? Unlike property owners evicting a tenant, associations are not […]
