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

Primary Residence vs. Second Home vs. Investment

Primary Residence vs. Second Home vs. Investment
August 22, 2017 2 Comments »

Sometimes I’m surprised I miss the most basic of mortgage definitions, seeing that this blog has been around for more than a decade, but alas, I’ve never written about occupancy specifically. So without further ado, let’s talk about the three ... Read More »

Soon You May Be Able to Buy a House Without an Appraisal

Soon You May Be Able to Buy a House Without an Appraisal
August 18, 2017 No Comments »

Here’s something that may finally speed up the typically slow home loan process: an appraisal-less home purchase. Yep, it’ll be a reality for some folks come September thanks to a new initiative by Freddie Mac. First a little background. The ... Read More »

One in Five Prospective Buyers Searched Outside Their Metro for a Home

One in Five Prospective Buyers Searched Outside Their Metro for a Home
August 17, 2017 No Comments »

They say affordability is at near-record levels, yet the number of prospective buyers looking outside their own metro is rising, per a recent report from Redfin. The company noted that 21% of Redfin users “searched mostly” for properties outside their ... Read More »

These Six Things Will Happen If Mortgage Rates Go Up

These Six Things Will Happen If Mortgage Rates Go Up
August 14, 2017 No Comments »

We’ve been worrying that mortgage rates would go up for years now, but it just hasn’t happened yet. Sure, they’re up a little bit from record levels, but not by as much as expected. The 30-year fixed still sits firmly ... Read More »

Millennials Favor Conventional Mortgages Over FHA

Millennials Favor Conventional Mortgages Over FHA
August 10, 2017 No Comments »

I’ve got more Millennial mortgage data for you, courtesy of the monthly Ellie Mae Millennial Tracker. This is a heavily watched group because they’re expected to carry the housing market to the next stage, hopefully higher. While the word Millennial ... Read More »

What Will Happen to Your Mortgage When the LIBOR Goes Away?

What Will Happen to Your Mortgage When the LIBOR Goes Away?
August 7, 2017 No Comments »

If you have an adjustable-rate mortgage, I’ve got some important news for you. The London Interbank Offered Rate, or LIBOR as it’s known to most, is going to be phased out over the next five years. After 2021, it won’t ... Read More »

Low Down Payment Home Purchases Hit Seven Year High

Low Down Payment Home Purchases Hit Seven Year High
August 7, 2017 No Comments »

In what seems like yet another troubling sign that we’re returning to the fast and loose times seen a decade ago, Black Knight Financial Services reports that low down payment purchase mortgage lending hit a seven-year high last month. The ... Read More »

1% Down Payment Mortgages Come Under Fire

1% Down Payment Mortgages Come Under Fire
August 3, 2017 No Comments »

While we’ve come a long way since housing bottomed, the memories of how we got there still don’t feel very distant. A lot of things contributed to the complete breakdown of the real estate market, with exotic financing being one ... Read More »

Home Sellers Making the Most Money Since 2007

Home Sellers Making the Most Money Since 2007
July 31, 2017 No Comments »

If you’re wondering if it’s a good time to sell a house, look no further than the ATTOM Data Solutions report released last week. The company’s Q2 2017 U.S. Home Sales Report found that the average price gain for home ... Read More »

Ally Home Launches Price Match Guarantee for Mortgages

Ally Home Launches Price Match Guarantee for Mortgages
July 26, 2017 No Comments »

Mortgage industry newcomer Ally Home is getting into the price match game with its just launched promotion called, you guessed it, “Price Match Guarantee.” If you’re not familiar, Ally Home got into the mortgage business late last year, essentially rising ... Read More »