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

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 »

Ally Home: Bank Now Offers Retail Mortgages to Its Customers

Ally Home: Bank Now Offers Retail Mortgages to Its Customers
December 12, 2016 No Comments »

You may remember GMAC Bank, which was taken down by its fateful mortgage arm Residential Capital (ResCap) before eventually requiring a government bailout. It wasn’t an uncommon story at the time; many other mega mortgage companies took a fall too, ... Read More »

Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days

Caliber Home Loans Unveils Ultimate Homebuying Experience: Close Your Mortgage in 10 Days
December 9, 2016 No Comments »

Caliber Home Loans out of Irving, Texas wants to close your mortgage faster than anyone else, and thinks it can accomplish the feat in less than 10 days. Yes, you heard that right. Less than 10 days. So just how ... Read More »

Some Prospective Home Buyers Would Give Up If Mortgage Rates Rise Another Half Point

Some Prospective Home Buyers Would Give Up If Mortgage Rates Rise Another Half Point
December 6, 2016 No Comments »

Let’s talk about mortgage rates again, because let’s face it, they’re on everyone’s mind at the moment and they’ve been extremely volatile of late. Yesterday, I noted that the recent mortgage rate surge wiped out about half of the eight ... Read More »

Is the 30-Year Fixed Mortgage Actually a Lot of Work?

Is the 30-Year Fixed Mortgage Actually a Lot of Work?
December 5, 2016 No Comments »

I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because it’s fixed for the entire duration of the loan. The mortgage rate in month one is the same as the rate in month 360. The ... Read More »

Post-Election Mortgage Rate Surge Crushes Refi Candidates, Puts Home Prices on Watch

Post-Election Mortgage Rate Surge Crushes Refi Candidates, Puts Home Prices on Watch
December 5, 2016 No Comments »

It’s been an eventful three weeks or so since the U.S. presidential election took place, that is, if you keep an eye on mortgage rates. They’ve moved in only one direction since November 8th – up. Way up. Though thanks ... Read More »

Is Now the Time to Slow Down Mortgage Repayment?

Is Now the Time to Slow Down Mortgage Repayment?
December 1, 2016 No Comments »

Now that mortgage rates have jumped, it might be time to take a look at how you’re repaying your mortgage. Put simply, if your mortgage rate is fixed and lower than prevailing rates, it could make sense to slow things ... Read More »