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 Refinance
Mortgage match-ups: “Cash-out refinance vs. rate and term refinance.” It’s time for another installment of mortgage match-up, though this installment is more about distinction than ...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 core issues ...Latest Posts
HUD Homes: Buy a Foreclosed Home for a Potential Discount
With the red hot real estate market showing no signs of letting up, prospective home buyers need to get increasingly creative in order to land their dream home, or any home for that matter. The fact of the matter is ... Read More »
There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
Before mortgage rates began their recent upward trajectory to start off 2018, quite a few mortgage refinances squeaked through the door. Some 446,295 refinances were completed by Fannie Mae and Freddie Mac in the fourth quarter of 2017, up considerably ... Read More »
loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer
I came across a flyer today from loanDepot advertising a 150-day rate lock for borrowers interested in today’s mortgage rates, who are worried (like everyone else) that they’ll be a lot higher later this year. It’s not unusual for mortgage ... Read More »
How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick
If you’ve been awake at any time over the past few weeks, you may have noticed that mortgage rates aren’t as low as they once were. What gives? Well, one downside to a strong economy is higher inflation expectations, and ... Read More »
Higher Mortgage Rates Likely to Have Little Effect on Housing Market
Well, it’s been a stressful couple of weeks, and the way the stock market is swinging at the moment, it doesn’t appear to be abating. Grab your Tums, buckle your seat belt, and hang on. Don’t you love waking up ... Read More »
Airbnb Income Can Officially Be Used to Qualify for a Mortgage Refinance
Call it a sign of the times, or perhaps the power of the sharing, or “gig” economy. You can now officially use Airbnb income to qualify for a mortgage refinance with select lenders. Yes, if you’ve been renting out your ... Read More »
Housing Market Sentiment Hits All-Time High Despite Rates, Prices
While it’s been a rough couple of weeks in terms of mortgage rates and the wider economy (stock market rout), consumers have never been more amped on the housing market, this according to Fannie Mae. The company’s Home Purchase Sentiment ... Read More »
Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages
File this one under: why didn’t we (they) think of this sooner. While it might seem like a no-brainer in hindsight, top reverse mortgage lender American Advisors Group (AAG) will now start serving up forward mortgages to its customers. Reverse ... Read More »
Quicken Loans Is the Largest Home Loan Lender for the First Time Ever
Anyone watching this space knew it was going to happen, but perhaps not this fast. Quicken Loans officially became the largest mortgage lender in the country during the fourth quarter of 2017, surpassing its long-time rival Wells Fargo. The Detroit-based ... Read More »
Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete
In a bid to get a leg up on the competition, Better Mortgage is allowing prospective home buyers to get an appraisal on a property before actually making an offer. Ideally, this gives them the power to go head-to-head with ... Read More »
