Latest Posts
Higher Mortgage Rates Likely to Have Little Effect on Housing Market
Well, it’s been a stressful couple of weeks, and the way the stock market is swinging at the moment, it doesn’t appear to be abating. Grab your Tums, buckle your seat belt, and hang on. Don’t you love waking up ... Read More »
Airbnb Income Can Officially Be Used to Qualify for a Mortgage Refinance
Call it a sign of the times, or perhaps the power of the sharing, or “gig” economy. You can now officially use Airbnb income to qualify for a mortgage refinance with select lenders. Yes, if you’ve been renting out your ... Read More »
Housing Market Sentiment Hits All-Time High Despite Rates, Prices
While it’s been a rough couple of weeks in terms of mortgage rates and the wider economy (stock market rout), consumers have never been more amped on the housing market, this according to Fannie Mae. The company’s Home Purchase Sentiment ... Read More »
Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages
File this one under: why didn’t we (they) think of this sooner. While it might seem like a no-brainer in hindsight, top reverse mortgage lender American Advisors Group (AAG) will now start serving up forward mortgages to its customers. Reverse ... Read More »
Quicken Loans Is the Largest Home Loan Lender for the First Time Ever
Anyone watching this space knew it was going to happen, but perhaps not this fast. Quicken Loans officially became the largest mortgage lender in the country during the fourth quarter of 2017, surpassing its long-time rival Wells Fargo. The Detroit-based ... Read More »
Better Mortgage Is Giving Home Buyers Pre-Offer Appraisals to Help Them Compete
In a bid to get a leg up on the competition, Better Mortgage is allowing prospective home buyers to get an appraisal on a property before actually making an offer. Ideally, this gives them the power to go head-to-head with ... Read More »
Mortgage Rates Are Lower Than They Were a Year Ago
Can I rant about mortgage rates for a minute? I just can’t help myself. First things first, current mortgage rates are actually lower today than they were a year ago. Let’s make that clear. This is true despite the headlines ... Read More »
10 Reasons to Buy a House Other Than for the Investment
There are a lot of good reasons to buy a house, and probably a lot of bad ones too. But all too often, folks seem to get fixated on the investment side of things above all else, as if they’re ... Read More »
HELOC vs. Credit Card: Why the Plastic May Work Out Better
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 of existing homeowners. If you haven’t, know that some 42 million homeowners have around $5.4 ... Read More »
Rent or Buy in 2018? More than Half of Markets Still Favor Buying
It’s a new year, but the rent vs. buy a home argument hasn’t gone away, or become any clearer. It’s always a complicated decision, with or without confusing tax changes. At the same time, it’s a personal question with a ... Read More »
