Mortgage Tips

Simple tips to help you save money on your mortgage.

Mortgage Rates Can Move Very Quickly

Mortgage Rates Can Move Very Quickly
March 3, 2015 No Comments »

If the past six weeks has taught us anything, it’s that mortgage rates can and will move very quickly. And often in the wrong direction…yep, up, not down. The same goes with gas prices, which were actually below $2 a ... Read More »

BBVA Compass Launches No Down Payment Mortgage

BBVA Compass Launches No Down Payment Mortgage
February 26, 2015 2 Comments »

Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there? Today, BBVA Compass announced the launch of its “Home Ownership Made Easier” (HOME) loan program, which allows borrowers ... Read More »

Folks, Don’t Forget to Cash Your Foreclosure Checks

Folks, Don’t Forget to Cash Your Foreclosure Checks
February 19, 2015 2 Comments »

What good is a settlement if you don’t actually cash your check? Oh wait, I think I just answered my own question. But all jokes aside, some 600,000 checks mailed to homeowners as part of the Independent Foreclosure Review have ... Read More »

Google Launches Mortgage Calculator Within Search Results

Google Launches Mortgage Calculator Within Search Results
February 4, 2015 No Comments »

Looking to calculate a potential mortgage payment on the fly? Instead of searching for a mortgage calculator, you can now do some calculations simply by typing a query in the Google search box on your browser. Yesterday, the search behemoth ... Read More »

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 »

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 »

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 »

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year
December 3, 2014 No Comments »

It’s that time of the year again…namely the end of the year, when year-end tax tips flood the web and our inboxes. With regard to the old mortgage, taxpayers might be able to get a larger write-off if they make ... Read More »

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick
November 19, 2014 No Comments »

I came across a promotion today from a home builder out in Arizona. The press release mentions that the company is offering the “largest incentive for new homebuyers in its history.” The details are as follows: Simply purchase a new ... Read More »