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Fall Season: Home Maintenance Tips
The colorful fall season has arrived! Despite how beautiful the fall season can be, there are a few ugly messes that it can create. With the falling of leaves and scatter of debris, homeowners must pay close attention to gutters, downspouts and be on the look out for pests. Maintenance is an important task to […]
Making Homes Affordable for VA Borrowers
The VA home loan program is already one of the most affordable programs available to military borrowers today. Topping off benefits, the Making Home Affordable Program (MHA) is now available for these underwater borrowers to refinance so that they can retain their homes in the event that they don’t qualify for a VA Streamline Refinance […]
Low Rates Boosting Purchase Home Sales
Mortgage Home Base reports on low mortgage rates and the sudden increase on mortgage approvals in the purchase market. The boom of the refinance market may be coming to an end in 2014 after all. According to Freddie Mac’s 2014 second quarter refinance observations, the share of refinance borrowers has fell below 50 percent for […]
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 […]
Mortgage Rate Highs Are Back
Mortgage Home Base reports on the comeback of high rates, but are they here to stay? The highest it’s been since April 2014, the movement due to momentum could very well be what is to blame for this unexpected increase of as much as 25 basis points. Just a week ago, word spread that the […]
Annual Foreclosure Rate Increase After Nearly Four Years
An increase was seen in the annual foreclosure trend in Realtytrac’s most recent foreclosure rate report for the month of August, just a month ago. A 7 percent rate increase, after nearly four years ago since the last spike in annual foreclosure rate. Mortgage Home Base expands on this national foreclosure increase. Realtytrac’s foreclosure report […]
How To Ditch FHA’s Mortgage Insurance Premium
Mortgage Rates are lower, but Mortgage Insurance Premiums (MIP) for FHA-backed mortgages are continuing to rise. Despite this increasing trend of FHA, there is a way that borrowers can actually reduce or ditch their MIP completely. Even though FHA requires only require a minimum downpayment of 3.5%, FHA’s expensive Mortgage Insurance Premiums are costing them […]
New FICO Credit Scoring System Offering Consumers Lower Mortgage Rates
A change that many consumers have been waiting for has arrived, FICO scores are changing, giving a boost in consumer credit scores. This change may result in lower mortgage rates as well, giving more borrowers a chance at homeownership. What is FICO? FICO, a credit scoring system established by Fair Isaac Corporation is often used […]
Save More By Owning A Home
Since the economy is picking up speed for the better, many renters have seen their monthly rent increase as well. Based on the nation’s housing market, homeowners are saving more on a monthly basis than renters, Mortgage Home Base is ready to guide first-time homebuyers in the right direction. Eligibility requirements for a mortgage has […]
Amazing Man Caves For Modern Day Cavemen
Tree houses are great for kids and a man cave is the best place to get some time to yourself away from your kids. Putting together a themed room is fun, unless you are going for an “AMAZING” Man Cave it may take some time to think of all the possible ways to change up […]
Survive Your Underwater Mortgage
You’ve been told by your lender that a 6.75 percent home loan is the best value you’ll see in the industry, but that was several years ago. If you still have that loan, but are struggling to find the monthly funds to pay it, there is relief in the form of The Home Affordable Refinance […]
Reducing Expensive Mortgage Payments
With high interest rates and some remaining unemployment from the Great Recession, you may be struggling to stay current on the payments to this day. Although it may sound too good to be true, there is a government-backed program that helps you reduce monthly payments with a refinance. HARP Basics HARP is a program designed […]
