What Is Escrow?
If you have ever purchased a home and applied for a mortgage, you’ve likely come across the term “escrow.” Contrary to Portlandia’s definition, the “the… Read More »What Is Escrow?
8% Mortgage Rates Look Imminent, But Could That Be Their Peak?
On a day when mortgage rates are officially close to hitting 8%, I decided to write a post about why they might be a lot… Read More »8% Mortgage Rates Look Imminent, But Could That Be Their Peak?
Now You Can Use ADU Income to Qualify for an FHA Loan
The U.S. Department of Housing and Urban Development (HUD) announced today that lenders will now be able to count income from ADUs when underwriting FHA… Read More »Now You Can Use ADU Income to Qualify for an FHA Loan
Lennar Mortgage Review: Known for Offering Big Mortgage Rate Buydowns
Today we’ll check out “Lennar Mortgage,” which is the financing division of parent company Lennar Corp. If you weren’t aware, Lennar is one of the… Read More »Lennar Mortgage Review: Known for Offering Big Mortgage Rate Buydowns
You Can Now Search for Homes for Sale by School District on Zillow
It’s common for home buyers to purchase a property in a certain school district. This ensures their children can attend a specific school if they’ve… Read More »You Can Now Search for Homes for Sale by School District on Zillow
Why Did Mortgage Rates Plunge This Week?
If you’ve been keeping track lately, you might be wondering why mortgage rates plunged this week. Last week was a totally different story, with a… Read More »Why Did Mortgage Rates Plunge This Week?
How to Supercharge the Savings of a Mortgage Rate Buydown
These days, a lot of home buyers are using mortgage rate buydowns to make the deal work. They are particularly prevalent on new home purchases,… Read More »How to Supercharge the Savings of a Mortgage Rate Buydown
What Are Caps on Adjustable-Rate Mortgages?
The other day I wrote about how adjustable-rate mortgages might soon make a comeback, given how high fixed mortgage rates have become. Now that the… Read More »What Are Caps on Adjustable-Rate Mortgages?
Are Adjustable-Rate Mortgages Finally a Good Deal?
If you visit most bank/lender websites and navigate to their home loans section, you’ll likely only see fixed-rate mortgages advertised. This made perfect sense over… Read More »Are Adjustable-Rate Mortgages Finally a Good Deal?
Mortgage Rates and Home Prices Can Fall Together
If you don’t believe mortgage rates and home prices can fall together, just look at what home prices have done in the face of 7%… Read More »Mortgage Rates and Home Prices Can Fall Together