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

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 »

Median Mortgage Down Payment Rises to $500k in Manhattan

Median Mortgage Down Payment Rises to $500k in Manhattan
December 20, 2016 No Comments »

While everyone frets about rising mortgage rates, down payments continue to be the biggest hurdle to homeownership. This couldn’t be more true in Manhattan, where the median down payment increased to a staggering $500,000 this year, according to a new ... Read More »

Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases

Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases
December 15, 2016 No Comments »

Fannie Mae and Freddie Mac have launched a new loan modification program for troubled mortgages known as “Flex Modification.” In a nutshell, the new flexible loss mitigation tool is a combination of HAMP, the Standard Modification, and the Streamlined Modification, ... Read More »

Sales Volume, Not Home Prices the Concern in a Rising Mortgage Rate Environment

Sales Volume, Not Home Prices the Concern in a Rising Mortgage Rate Environment
December 13, 2016 No Comments »

A lot of homeowners are understandably worried that rising mortgage rates will dampen their home’s value, or make it more difficult to fetch a high asking price, but that theory has been debunked several times. I recently wrote about how ... Read More »

Fairway Mortgage App: Close Your Mortgage with Your Phone

Fairway Mortgage App: Close Your Mortgage with Your Phone
December 13, 2016 No Comments »

Fairway Independent Mortgage Corp. plans to launch a new smartphone app designed to make the home loan process a lot faster (and easier). The company will release its FairwayNOW mobile application in January, though some version of it already appears ... Read More »