Want to hear some good news about mortgage rates that involves them being a lot higher than they previously were? Yes, I know that sounds… Read More »More Than 4 Million Mortgages Originated Since 2022 Have Rates Above 6.5%
They say to never say never. But why? Because if you say it, whatever you said would never happen typically happens. Go figure. Well, speaking… Read More »Will Mortgage Rates Ever Go Back Down to 3% Again?
Mortgage Q&A: “Can I mortgage a house that is paid off?” When you own a home without any associated mortgages, it’s known as a “free… Read More »Can I Mortgage a House That Is Paid Off?
I’ve heard this argument many times, whether in real life or on social media. That if you hold a mortgage (or two), you don’t actually… Read More »If I Have a Mortgage, Do I Actually Own My House?
In case you missed it, the Federal Housing Finance Agency (FHFA) granted conditional approval to Freddie Mac to purchase single-family closed-end second mortgages. What this… Read More »Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
If you’re currently thinking about buying a home, or somehow in a position to refinance an existing loan, current mortgage rates don’t look great. While… Read More »The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
You may have heard that the nation’s largest mortgage lender just rolled out a zero down mortgage. If you were around for the housing market… Read More »Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
When you apply for a home loan, an underwriter will review your file in order to make a lending decision. They can approve your loan,… Read More »What Is a Conditional Loan Approval?
There are many different people involved in the home loan process. I wrote about this in detail already, but probably didn’t even include everyone. Because… Read More »What Is a Mortgage Account Executive?
You may have heard recently that “tappable” home equity has reached an all-time high, thanks to rapidly appreciating home prices and conservative borrowing on behalf… Read More »HELOC vs. Credit Card: Why the Plastic May Work Out Better
