Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

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 ...

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 ...

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

While Mortgages Go Digital, People Still Matter, a Lot

While Mortgages Go Digital, People Still Matter, a Lot
October 19, 2017 No Comments »

The latest buzz in the mortgage world is e-mortgages, or digital mortgages, or paperless mortgages. Or mortgages that don’t require human interaction, or the painstaking process of getting dressed in the morning. But it turns out people still matter, despite ... Read More »

Freddie Mac Revises Student Loan Guidelines

Freddie Mac Revises Student Loan Guidelines
October 19, 2017 No Comments »

It’s one of the more common dilemmas these days – you graduated college and you’re ready to start a family (or at least buy a home for your dog), but student loan debt is holding you back. Further complicating this ... Read More »

Millennials Are Buying Homes to Give Their Dogs Room to Roam

Millennials Are Buying Homes to Give Their Dogs Room to Roam
October 5, 2017 No Comments »

Curious what’s driving Millennial homeownership? Is it marriage or the prospect of a little one crawling around? Nope. Aside from more living space and building equity, dogs are motivating young folks to buy homes. And as a dog lover myself, ... Read More »

Mortgage Originations by Product Type: What’s Most Popular?

Mortgage Originations by Product Type: What’s Most Popular?
October 4, 2017 2 Comments »

Ever wonder what share of borrowers are taking out a 15-year mortgage as opposed to a standard 30-year fixed? Or an ARM instead? Well, I was, and so I went looking for the data. Fortunately, I was able to track ... Read More »

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program

Synovus Mortgage Offering 100% Financing via Affordable Mortgage Program
October 2, 2017 No Comments »

You’ve probably heard of HAMP, otherwise known as the Home Affordable Modification Program, which was very popular post-housing crisis. But what about AMP? Probably not. It stands for “Affordable Mortgage Program,” and is the loan program offered by Synovus Mortgage ... Read More »

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment

HomeFundMe: Now You Can Crowdfund a Mortgage Down Payment
October 2, 2017 No Comments »

Don’t have the required down payment to purchase your dream home? No problem. There’s now a service that lets you crowdfund your mortgage down payment. Whew! A company by the name of HomeFundMe, not to be confused with GoFundMe, claims ... Read More »

Average Credit Score for Home Buyers Rises to 745

Average Credit Score for Home Buyers Rises to 745
September 28, 2017 No Comments »

You’ve heard it time and time again, that a solid credit score is vital to securing a good mortgage rate, or any mortgage at all. And it appears that this sage advice is becoming even more relevant today. Per the ... Read More »

Lennar Offers to Pay Your Student Loans If You Buy a New Home

Lennar Offers to Pay Your Student Loans If You Buy a New Home
September 26, 2017 1 Comment »

One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful home purchase). Lenders are well aware of this, as are home builders and the GSEs ... Read More »

Next Year the Mortgage Refinance Share Will Hit Its Lowest Point Since 1990

Next Year the Mortgage Refinance Share Will Hit Its Lowest Point Since 1990
September 26, 2017 No Comments »

If you trust in Freddie Mac, next year isn’t going to be a great year for mortgage refinance volume. The government-sponsored enterprise warned of a major refinance slowdown in its latest monthly Outlook for September 2017. Apparently, the refinance share ... Read More »

A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early

A 30-Year Fixed Mortgage That Is Adjustable, Self-Refinancing, and Ideally Paid Off Early
September 20, 2017 No Comments »

Confused yet? Yeah, me too. Let’s dive in. For a while now, the 30-year fixed-rate mortgage has been under attack. In short, opponents of the popular loan program argue that it builds equity far too slowly and requires government support ... Read More »