Mortgage Tips

Simple tips to help you save money on your mortgage.

Can Low Mortgage Rates Save the Spring Home Buying Season?

Can Low Mortgage Rates Save the Spring Home Buying Season?
April 17, 2014 No Comments »

So far, the traditionally strong spring home buying season is off to a not-so-great start. A pair of reports from DataQuick revealed that home sales in Northern and Southern California were at six-year lows in March, despite a strong seasonal ... Read More »

It’s Okay to Rent Until You Find a House You Really Like

It’s Okay to Rent Until You Find a House You Really Like
April 2, 2014 No Comments »

When deciding between renting and buying, individuals often fret about missing out on home equity if they do the former. In other words, for all those years they choose to rent instead of own, they’re not gaining any equity, and ... Read More »

Here Are the Mortgage Lenders That Rely Most on Refinances

Here Are the Mortgage Lenders That Rely Most on Refinances
March 14, 2014 No Comments »

The mortgage market is essentially made up of purchase-money lending and refinance lending, with home equity lending sprinkled in. Over the past couple years the market has been decidedly refinance-heavy thanks largely to the extremely favorable interest rate environment spurred ... Read More »

These Two Maps Show Which States Are Ripe for Refinancing

These Two Maps Show Which States Are Ripe for Refinancing
March 4, 2014 No Comments »

The data crunchers over at Black Knight Financial Services released their latest Monthly Mortgage Monitor today, which revealed a continued decline in home loan lending. They said loan origination volume fell to its lowest point last month since November 2008, ... Read More »

Why Low Mortgage Rates Might Force You to Stay in Your Current Home Forever

Why Low Mortgage Rates Might Force You to Stay in Your Current Home Forever
February 26, 2014 1 Comment »

After the Fed steered mortgage rates lower via quantitative easing, the housing market got the boost it needed to get back on track. In fact, housing became so cheap that the buy vs. rent argument wasn’t even an argument anymore; ... Read More »

PenFed Just Invented a New Mortgage Program: The 15-Year ARM

PenFed Just Invented a New Mortgage Program: The 15-Year ARM
February 18, 2014 No Comments »

If you’re not satisfied with the selection of mortgage programs offered by your bank or local lender, you might want to consider the new 15/15 Adjustable-Rate Mortgage now being offered by PenFed for a limited time. Yes, you heard that ... Read More »

The HarmonyLoan: An Adjustable-Rate Mortgage You Control

The HarmonyLoan: An Adjustable-Rate Mortgage You Control
January 28, 2014 2 Comments »

As home prices and mortgage rates continue to rise, lenders are becoming a lot more creative with their product offerings to increase affordability and flexibility. One of the more unique loan programs currently being showcased is called the “HarmonyLoan,” which ... Read More »

If You Don’t Want to Work Forever, Pay Off Your Mortgage

If You Don’t Want to Work Forever, Pay Off Your Mortgage
January 23, 2014 No Comments »

Conventional wisdom says to pay off the mortgage in its entirety before you retire. That way you won’t have to worry about sizable housing costs when living on a fixed income. Lately, this age old rule has been challenged by ... Read More »

No, It’s Not Always a Good Time to Buy a Home

No, It’s Not Always a Good Time to Buy a Home
January 17, 2014 3 Comments »

If you talk to most interested parties, whether it’s a real estate agent, a home builder, or someone else who stands to make money from your decision, they’ll probably tell you that it’s always a good time to buy. In ... Read More »

10 Predictions for Mortgage and Housing in 2014

10 Predictions for Mortgage and Housing in 2014
January 6, 2014 No Comments »

Well, 2013 has officially come to a close, and 2014 is well underway. For a moment there, it seemed as if each holiday was followed by a weekend, creating an endless vacation, but sadly it’s time to get back to ... Read More »