With interest rates being at historical lows more and more people are applying for mortgages and nationally mortgage banks and lenders across the country are experiencing unprecedented amounts of volume, expect delays. … [Read More…]
The number one reason why you shouldn’t buy a home
Buying a home is a balancing act between a mortgage payment in relation to present and future expenses. One of the biggest challenges people have when buying a house is being able … [Read More…]
Risky income moves which may prevent you from getting a mortgage
One of the challenges of getting mortgage loan financing these days is showing total and complete monthly income. Contrary to popular belief you must be able to support ability-to-repay (ATR) as a … [Read More…]
Should you refinance with today’s historically low rates?
Many experts will tell you shouldn’t refinance unless you’re saving 1% lower in rate. With today’s interest rates being on average below 3% here’s how you should determine whether refinancing for you … [Read More…]
Why interest rates will probably not get any lower
Interest rates are a big driver of the mortgage market. People purchasing houses and refinancing houses are taking advantage of today’s historically low rates. Here are some fundamentals you should be aware … [Read More…]
How energy independence home improvement loans may affect your mortgage
If you’re going to be doing a refinance of your house and you have an energy Independence program that’s built into your real estate taxes- here is what you need to know. … [Read More…]
Is is a second mortgage making your refinance harder? This tip may help…
Mortgage lenders sometimes take an overly gun shy approach to how a mortgage loan is originated. One such example of this is if you have a first and a second mortgage on … [Read More…]
How to navigate mortgage appraisal situations during the Coronavirus pandemic
One of the things that have changed since the coronavirus has taken shape is how mortgage lenders are viewing appraisals. If you’re buying or refinancing a home here’s what you need to … [Read More…]
Should you Cash out refinance and remodel or buy another property?
Homeowners who have outgrown their houses may be considering the possibility of buying another property or just staying put and remodeling the one they already have. Here are some things to consider … [Read More…]
Could the 30 year fixed mortgage get to 3%?
Interest rates right now are very close to their all-time historical lows. We’ve seen this a few times before. Here’s what you need to consider when getting what you perceive as the … [Read More…]
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