Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

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 ...

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 ...

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

Redfin Mortgage Just Launched

Redfin Mortgage Just Launched
January 26, 2017 No Comments »

Whoa. In an unexpected turn of events, online real estate brokerage Redfin has launched a new mortgage service called, you guessed it, “Redfin Mortgage.” Well, maybe it wasn’t so unexpected, seeing that the mortgage trend is decidedly moving from refinances ... Read More »

Black Knight Is Working on Its Own Mortgage Credit Score

Black Knight Is Working on Its Own Mortgage Credit Score
January 26, 2017 No Comments »

Black Knight Financial Services is apparently working on its own “mortgage-specific FICO score” to better determine individual mortgage borrower risk, instead of simply looking at the overall credit profile of borrowers. The news came from a webinar that Black Knight ... Read More »

The Pros and Cons of Trump’s FHA Premium Cut Freeze

The Pros and Cons of Trump’s FHA Premium Cut Freeze
January 25, 2017 2 Comments »

You’ve heard the news. President Trump announced a freeze on the expected 25-basis point FHA premium cut just a week or so after it was announced. For most folks, it was an unexpected and sad ending to a seemingly positive ... Read More »

Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?

Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?
January 18, 2017 1 Comment »

My friend asked me the other day if I’d rather have a low mortgage rate or pay a lower price for a home. I paused briefly, then said I’d rather pay less for the home. My thought process was basically ... Read More »

Mortgage Rates vs. Presidential Inaugurations: Is There a Correlation?

Mortgage Rates vs. Presidential Inaugurations: Is There a Correlation?
January 12, 2017 No Comments »

Let’s get political – just kidding. Let’s talk about data that involves presidential elections and mortgage rates, more specifically, what happens to rates during an election year and the subsequent year to find out if there are any trends that ... Read More »

More and More Homes Are Falling Out of Escrow

More and More Homes Are Falling Out of Escrow
January 11, 2017 3 Comments »

A new report from Trulia reveals that homes are falling out of escrow at a much higher rate than normal, a sign that the real estate market might be showing signs of cracking. I warned in my 2017 prediction post ... Read More »

FHA Lowers Annual MIP by 25 Basis Points

FHA Lowers Annual MIP by 25 Basis Points
January 9, 2017 No Comments »

Well, here’s some good news to offset those higher mortgage rates. The Department of Housing and Urban Development (HUD) wasted no time in announcing another FHA insurance premium cut for 2017. This morning, departing HUD Secretary Julián Castro said the ... Read More »

The U.S. Real Estate Market Is Now Worth $30 Trillion

The U.S. Real Estate Market Is Now Worth $30 Trillion
January 5, 2017 No Comments »

What a difference five years make…a new report from Zillow revealed that the national housing market ended 2016 worth a whopping $29.6 trillion. It’s now January 5th, and based on how things are going, it’s probably safe to say we’ve ... Read More »

2017 Mortgage and Real Estate Predictions

2017 Mortgage and Real Estate Predictions
December 28, 2016 2 Comments »

Well, another year has passed, and not just any year. Some have referred to 2016 as the worst year ever, though I’m a little more optimistic. Anyway, it’s time to look forward to see what the future holds for mortgages ... Read More »

Home Prices Rise at Fastest Pace Since 2006

Home Prices Rise at Fastest Pace Since 2006
December 21, 2016 No Comments »

Just when you thought things were cooling off, home prices surprised us with yet another killer year. Tomorrow, Zillow will release the November edition of their Real Estate Market Reports, which will show that home prices increased 6.5% in November ... Read More »