All posts by Colin Robertson

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers
November 13, 2017 No Comments »

Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrower’s closing costs too. Sounds pretty sweet, doesn’t it? Unfortunately, the new ... Read More »

21 Mortgage Questions That Are Commonly Asked, Answered

21 Mortgage Questions That Are Commonly Asked, Answered
November 8, 2017 No Comments »

1. What will my mortgage rate be? Let’s start with what always seems to be everyone’s number one concern. Similar to any other payment you’re trying to negotiate, it depends on a lot of factors. The mortgage rate you ultimately ... Read More »

Capital One to Stop Offering Mortgages

Capital One to Stop Offering Mortgages
November 8, 2017 No Comments »

It’s feeling a little like 2007 today. Back then, I was writing posts like this on a daily basis. Capital One has announced that it is exiting the mortgage business, seemingly surprising given the current real estate climate that is ... Read More »

OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing

OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing
November 7, 2017 No Comments »

A so-called direct home buyer by the name of OfferPad that agrees to purchase homes in as little as 24 hours has announced a new joint venture with loanDepot to provide financing to those who use its platform. Specifically, the ... Read More »

The Five Most Common Uses of Home Equity Lines of Credit

The Five Most Common Uses of Home Equity Lines of Credit
November 1, 2017 No Comments »

In case you hadn’t heard, home equity lines of credit are expected to get a lot more popular in coming years as homeowners take advantage of all that recent home price appreciation. A new TransUnion study reveals that some 10 ... Read More »

10 Takeaways from the Annual Realtor Survey

10 Takeaways from the Annual Realtor Survey
October 31, 2017 No Comments »

The National Association of Realtors just released its 2017 Profile of Home Buyers and Sellers, and there are lots of interesting tidbits. Let’s explore 10 of them. 88% of Recent Buyers Financed Their Home Purchase First things first, an overwhelming ... Read More »

New Bill Aims to End FHA Mortgage Insurance Premiums for Life Policy

New Bill Aims to End FHA Mortgage Insurance Premiums for Life Policy
October 27, 2017 1 Comment »

Back in 2013, FHA home loans became a lot less attractive because most newly originated mortgages required mortgage insurance to be paid for the entire life of the loan. Instead of paying mortgage insurance premiums for say 5-10 years, or ... Read More »

U.S. Housing Market Still Not in a Bubble, Despite What You May Think

U.S. Housing Market Still Not in a Bubble, Despite What You May Think
October 26, 2017 No Comments »

Two new reports put to bed the idea that we’re in another housing bubble or due for another crash, though there are some mounting concerns, as there have been for some time. The Urban Institute went as far as to ... Read More »

This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020

This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020
October 25, 2017 No Comments »

If there’s one thing we’re not short of, it’s mortgage rate forecasts. Everyone seems to have an opinion, though often they’re just that, opinions. Still, mortgage rates are always top of mind for prospective home buyers and existing homeowners because ... Read More »