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 […]
Demand For More Housing
Mortgage rates are low, down payments are low, and the demand for more housing is high, boosting builder confidence. According to the a survey from National Association of Home Builders (NAHB), the demand for housing is on the rise nationwide. As of November, builder confidence rises four points and Single-Family constructions were up 4.2% topping […]
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% […]
Initial Steps Towards FHA Mortgage Insurance Premium Removal
FHA’s mortgage insurance premiums (MIP) are rising preventing you from being able to save for all your other financial obligations. It is time to take the initiative steps in having it removed, but first, there are a few steps and precautions you must take to ensure that the process can go smoothly. Before you put […]
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 […]
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 […]
VA Mortgage Interest Rates Leading Today’s Low
The momentum of a mortgage purchase is growing on eligible first-time home buyers and current homeowners who are searching for a 30-year and 15-year rates or looking to refinance their existing mortgage rates. VA mortgage interest rates are steadily dropping even lower according to Ellie Mae. Today’s mortgage interest rates are making FHA and VA […]
