Mortgage Tips

Simple tips to help you save money on your mortgage.

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated
April 14, 2015 No Comments »

When you think about why home purchase contracts fall apart, mortgage financing is probably the first issue that comes to mind. But there’s actually another reason why most real estate contracts fall through – the home inspection. The February 2015 ... Read More »

Win $40,000 Toward Your Home Down Payment

Win $40,000 Toward Your Home Down Payment
March 24, 2015 No Comments »

Everyone knows one of the biggest hurdles to homeownership is coming up with the hefty down payment, especially with most zero down loan programs a thing of the past. This explains why the FHA and now Fannie and Freddie offer ... Read More »

Mortgage Rate Roller Coaster Could Be Heading Downhill Again

Mortgage Rate Roller Coaster Could Be Heading Downhill Again
March 18, 2015 No Comments »

It’s been a wild year for mortgage rates so far, even though it’s only mid-March. Rates started 2015 on a bit of a tear that carried over from 2014, with the 30-year fixed dropping from around 4% in late December ... Read More »

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 4 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 »