This Article Is About 15 Year Versus 30 Year Fixed Rate Mortgage Loans Mortgage borrowers have a choice between 15-year and 30 year fixed rate mortgage loans. All mortgage loan programs have the option of 15 Year and/or 30 Year Fixed Rate Mortgage Loans 15 year home loans mean higher monthly housing payments due to…
This Article Is About Lower Mortgage Rates Due To The FED Announcing Lower Interest Rates Homeowners who closed their mortgage loans in 2018 should be looking forward to refinancing in 2019. Mortgage Rates in 2018 has been the highest since the 2008 Great Recession and Real Estate Crash Many homeowners who closed their home loans…
This BLOG On Home Purchase After Bankruptcy And Foreclosure Was UPDATED On December 10th, 2018 The real estate and credit collapse of 2008 has affected millions of homeowners. The burst of the housing bubble not only set records in foreclosures but also affected many American workers with massive layoffs Many business owners either went out of…
This Article Is About Understanding Your Credit Report To Qualify For Mortgage Understanding your credit report is extremely important for not borrowers but for all consumers. A person’s credit report provides information to existing and potential creditors on the credit applicants payment history and patterns. An applicant’s past payment performance and history is a good indicator…
This ARTICLE On The 2020 Refinance Boom And Taking Advantage Of Low Mortgage Rates Was PUBLISHED On March 8th, 2020 The stock market selloff two weeks ago dropped the Dow Jones Industrial Average by over 3,500. This is a 13% market correction which is correction territory Last week, the equity markets were extremely volatile One…
This blog will cover the real estate purchase contract and purchase agreement. A real estate purchase contract and purchase agreement is a binding contract for both the home buyer and the home seller. Once a buyer decides to enter into a real estate purchase contract and purchase agreement, homebuyers with their real estate attorneys should…
This BLOG On Low Mortgage Rates Pushing Home Values Higher Was PUBLISHED On June 30th, 2019 Home prices are at the highest value since the real estate and credit meltdown of 2008 Home values nationally are up 5.1% from the same period last year, 2018 Housing demand is overcoming the supply in housing nationally This coupled with…
This BLOG On Feds Cause Mortgage Rates To Drop To Lowest Levels In 3 Years Was PUBLISHED On June 29th, 2019 Feds Cause Mortgage Rates To Drop This Week. After the Federal Reserve Board’s meeting on March 2019, mortgage rates have been consistently dropping Both 30 year fixed mortgage rates and 15 year fixed mortgage…
This ARTICLE On How Stock Market Affects Mortgage Rates And Housing Markets Was PUBLISHED On February 27th, 2020 How Stock Market Affects Mortgage Rates And Housing Markets and should homebuyers panic? The Trump economy has been booming since President Trump took office The Dow Jones Industrial Average and all other market indices have been hitting…
This BLOG On Mortgage Lender Reviews And Testimonials By Borrowers Was PUBLISHED On June 13th, 2020 The home buying process is both an exciting and stressful process at the same time. Choosing a loan officer is one of the most important tasks for a mortgage loan applicant Whether seeking a home purchase loan or a…
This ARTICLE On The Benefits Of The Fed Rate Cut For The Housing Market And Borrowers Was PUBLISHED On August 1st, 2019 Benefits Of The Fed Rate Cut: Federal Reserve Board Chairman Jerome Powell announced on Wednesday, July 31st, 2019 the Feds will be cutting interest rates by 0.25 basis points. The news of the Fed…
This ARTICLE Is About Home Inspection During The Home Buying And Mortgage Process A Home Inspection During The Home Buying And Mortgage Process is not required. An appraisal is mandatory for all homebuyers who plan on getting a mortgage. A home inspection is highly recommended. There are countless homebuyers wanting to save $200 to $500…
This Article Is About Home Shopping Advice For First Time Home Buyers The home buying and mortgage process is a process. There are many moving parts when buying a home. Most homebuyers need a mortgage. The real estate agent needs to work closely with the loan officer. The loan officer needs to make sure the…
This guide covers how multiple credit inquiries affect the mortgage process for borrowers. The potential creditor will pull credit whenever consumers apply for credit, such as a credit card, auto loan, installment loan, payday loan, or mortgage loan. The result is that consumers will have credit inquiries on their credit reports. Consumers should at all…
This Article On Fannie Mae HomeStyle Mortgage Guidelines And Requirements HomeStyle Mortgage is Fannie Mae’s equivalent of HUD’s equivalent of the FHA 203k Loan Program. Fannie Mae has a special mortgage loan program called HomeStyle Mortgage HomeStyle Mortgage Loans is Fannie Mae’s comparable of an FHA 203k Rehab Mortgage Loan With Fannie Mae’s HomeStyle Mortgage Loan,…