Should You Bother Refinancing Your Current Mortgage Rate? 7 Reasons Why You Can’t Refinance Your Mortgage Why Adjustable-Rate Mortgages Are Bad News Right Now 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage Should You Buy a House Now or Wait? 6 Things Holding Renters Back From Becoming Homeowners

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

7 Reasons Why You Can’t Refinance Your ...

With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing. Unfortunately, a lot of current homeowners are finding ...

Why Adjustable-Rate Mortgages Are Bad News Right ...

With mortgage rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...

Should You Buy a House Now or ...

With mortgage rates on long-term fixed-rate mortgages finally slipping into the 3% range, mind you just barely, more fence-sitters may be pondering this very question. ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...

Latest Posts

The Typical Renter Needs an FHA Loan to Buy a House

The Typical Renter Needs an FHA Loan to Buy a House
April 17, 2014 No Comments »

Last week, the National Association of Realtors (NAR) argued that higher mortgage insurance premiums at the FHA have priced out scores of renters nationwide. Long story short, FHA financing is generally the cheapest option around for those with little set ... Read More »

Can Low Mortgage Rates Save the Spring Home Buying Season?

Can Low Mortgage Rates Save the Spring Home Buying Season?
April 17, 2014 No Comments »

So far, the traditionally strong spring home buying season is off to a not-so-great start. A pair of reports from DataQuick revealed that home sales in Northern and Southern California were at six-year lows in March, despite a strong seasonal ... Read More »

The Nation’s Most Expensive Short Sale Finally Sold This Week

The Nation’s Most Expensive Short Sale Finally Sold This Week
April 15, 2014 No Comments »

Sure, short sales have come to a relative crawl after carving out a decent slice of the real estate market over the past couple years, but there are still some stragglers gaining bank approval and closing. One of the more ... Read More »

Higher FHA Premiums May Have Priced Out 375,000 Potential Home Buyers

Higher FHA Premiums May Have Priced Out 375,000 Potential Home Buyers
April 9, 2014 2 Comments »

Earlier this week, the National Association of Realtors sent a letter to FHA Commissioner Carol Galante urging her to rethink the agency’s new mortgage insurance structure. Since 2011, annual mortgage insurance premiums have risen from 90 basis points to 135 ... Read More »

Mortgage Lending Hits Lowest Point Since at Least the Year 2000

Mortgage Lending Hits Lowest Point Since at Least the Year 2000
April 7, 2014 No Comments »

A new report from Black Knight Financial Services revealed that monthly mortgage origination volume fell to its lowest point on record in February. And recent prepay speeds signal even more declines in refinance volume in the near future. The company ... Read More »

It’s Okay to Rent Until You Find a House You Really Like

It’s Okay to Rent Until You Find a House You Really Like
April 2, 2014 No Comments »

When deciding between renting and buying, individuals often fret about missing out on home equity if they do the former. In other words, for all those years they choose to rent instead of own, they’re not gaining any equity, and ... Read More »

New Freddie Mac Tool Says National Housing Market Is Weak, But Stabilizing

New Freddie Mac Tool Says National Housing Market Is Weak, But Stabilizing
March 26, 2014 3 Comments »

This morning, Freddie Mac released a new tool called “MiMi,” which stands for Multi-Indicator Market Index. Put simply, it measures the stability of the housing market on the national, state, and metropolitan level and determines whether it’s within its historical ... Read More »

Trulia Bubble Watch Reveals Most of California Is Overvalued

Trulia Bubble Watch Reveals Most of California Is Overvalued
March 25, 2014 2 Comments »

Talk of another housing bubble is not new. In fact, pundits have been fretting about another bubble for over a year now thanks to rapidly rising home prices, with Las Vegas and Phoenix already considered to be bubble markets. That’s ... Read More »

New Bill Would Require Lenders to Consider Green Energy Savings When Determining Homeowner’s Ability to Pay

New Bill Would Require Lenders to Consider Green Energy Savings When Determining Homeowner’s Ability to Pay
March 25, 2014 2 Comments »

A bipartisan energy bill that was introduced to the Senate late last month would benefit mortgage borrowers who buy or refinance energy-efficient homes. The SAVE Act, co-authored by U.S. Senators Michael Bennet (D-CO) and Senator Johnny Isakson (R-GA), would allow ... Read More »

Wholesale Mortgage Lender Drops Minimum FICO Score for FHA and VA Loans to 550

Wholesale Mortgage Lender Drops Minimum FICO Score for FHA and VA Loans to 550
March 24, 2014 2 Comments »

Recently, there has been plenty of moaning and groaning about the mortgage “credit box” being too tight. In a nutshell, banks and lenders have been accused of becoming too conservative, making it difficult for less creditworthy borrowers to obtain financing. ... Read More »