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

Did FHA Loans Just Become The Best Option for Homeowners Again?

Did FHA Loans Just Become The Best Option for Homeowners Again?
January 22, 2015 No Comments »

Even though we’re only three weeks into the New Year, 2015 has treated the mortgage industry well. Very well… Mortgage applications have surged week after week, propelled mostly by refinancing as borrowers take advantage of the low mortgage rates currently ... Read More »

Mortgage Applications Spike: Should You Apply Now?

Mortgage Applications Spike: Should You Apply Now?
January 14, 2015 1 Comment »

Last week was a really, really good week for mortgage applications. The Mortgage Bankers Association reported that home loan apps surged 49.1% during the week ending January 9th from one week earlier. Before you attribute that jump to a slow ... Read More »

Why Aren’t You Shopping Around for Your Mortgage?

Why Aren’t You Shopping Around for Your Mortgage?
January 13, 2015 No Comments »

I’ve got a bone to pick…it seems you aren’t bothering to shop around for your mortgage? Instead, you’re just going with the first lender you come across, for better or worse. This is according to a new survey from the ... Read More »

FHA to Cut Annual Mortgage Insurance Premiums by 50 Basis Points

FHA to Cut Annual Mortgage Insurance Premiums by 50 Basis Points
January 7, 2015 1 Comment »

Well that didn’t take very long. Just a week into 2015 and HUD is planning to lower mortgage insurance premiums on FHA loans. In case you missed it, this was one of my 10 predictions for mortgage and real estate ... Read More »

10 Predictions for Mortgage and Real Estate in 2015

10 Predictions for Mortgage and Real Estate in 2015
December 29, 2014 5 Comments »

Here we go again. It’s that time of the year when I make 10 predictions for the mortgage industry and real estate market for the coming year. If you wish, you can take a gander at my predictions for 2013 ... Read More »

Refinance Share of Mortgages Rises for Fourth Straight Month

Refinance Share of Mortgages Rises for Fourth Straight Month
December 18, 2014 No Comments »

In a surprising turn of events, refinancing is finishing the year unexpectedly strong, per the latest Origination Insight Report from Ellie Mae. The company revealed that refinances accounted for 45% of mortgage lenders’ loan volume in November, up from 40% ... Read More »

Why You Might Be Refinancing Your Mortgage in 2015

Why You Might Be Refinancing Your Mortgage in 2015
December 11, 2014 No Comments »

Just when you thought the refinance market was completely out of steam, a slew of bad news might be just the ticket to resuscitate it. By bad news, I mean global economic woes that push stocks lower and send investors ... Read More »

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs

Newly Forming Housing Bubble Markets Identified by Three Early Warning Signs
December 10, 2014 No Comments »

RealtyTrac has released a new report that identifies potential bubble markets based upon three early warning signs. There has been increased fear of another housing bubble for a while now, with some markets already identified as bubbles and others supposedly ... Read More »

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV

Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV
December 9, 2014 No Comments »

In an effort to make homeownership more accessible, seeing that down payment is often the biggest hurdle, Fannie Mae and Freddie Mac have announced that they will now allow loan-to-value ratios as high as 97%. In other words, prospective home ... Read More »

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction

HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction
December 4, 2014 No Comments »

It sounds like Christmas came early this year…borrowers who already received loan modifications via the Home Affordable Modification Program (HAMP) are now eligible for expanded benefits. As it stands, borrowers taking part in HAMP who stay good on monthly payments ... Read More »