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4 Solid Home Refinance Options in 18

Even though mortgage interest rates have started to edge up, home buyers and existing homeowners considering a home refinance loan with good credit can still get a competitive interest rate in today’s market. But there are still many home refinancing options out there to consider before signing a new contract. Which Home Refinance Program Is… Read More »

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Top 6 Tips to Buy a Home in the U.S. with a FHA Mortgage Program

Many Americans are still optimistic about the economy in 2019 and many renters are considering home-ownership for the first time. With consumer confidence soaring once again, many people are preparing for the dream of owning a home and are planning to apply for an FHA mortgage in the coming year. The economic signs are pointing to… Read More »

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4 Reasons Why Home Equity Loan Programs Heat Up with Trump

Donald Trump was elected the next president of the United States, and some financial experts believe that the President-elect could be good for the housing and mortgage industry. One of the areas of real estate that could see more activity is in home equity loans. A home equity loan is a form of a second… Read More »

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8 Secrets of the Cash Back Refinance Program

If you own a home, you probably have heard about a cash out or cash back refinance. Homeowners are blessed with unique opportunities to access money when refinancing their home. What is a “cash back  refinance” and why would you do it? We’ll explain in detail below. Cash Back Refinance Basics A cash out or… Read More »

Top 9 Urban Markets for First Time Home Buyers in 2019

Have you noticed interest rates slowly rising this year? Just last month, Mortgage News Daily reported that interest rates for 30-year, fixed rate mortgages had crossed the 5% mark. Since then, rates have decreased to the 4.7% range, but the rates are much higher than they were last year. Also, housing prices across the country… Read More »

Will Fannie and Freddie Increase Loan Amount Limits in 2019? 

Yes Fannie Mae and Freddie Mac Are Eying Increase of Mortgage Loan Limits in 2019 As of late October 2018, the 30-year fixed rate mortgage fell five basis points back from the week before to 4.85%. The first year 15-year mortgage is now 4.26% which was three basis point slower than last week. The Mortgage… Read More »

6 Revealing Trends for Buying a Home in This Market

The real estate market across the country in 2018 and into 2019 is continuing to be hot. If you are considering buying a home in this market this or next year, below are some trends to be aware of. #1 Homes Are Still Selling Fast In February 2018, data from Realtor.com showed that homes were… Read More »

6 Secrets to Cash Out Refinancing Responsibly in 2019

If you need a lot of cash to pay for a major expense – such as college tuition or a home renovation project – and you don’t have the cash for it, a cash out refinance of your first mortgage could be the solution. A cash out refinance of your first mortgage allows you to… Read More »

New Home Sales Hit 2 Year Low but Is It a Bad Thing?

Data released in September 2018 indicates that new home sales have declined to a two-year low. According to Yahoo.com, rising mortgage rates and higher home prices are affecting the housing market. The data for the last three months also has been revised down. There have been declines in home building, permits and housing completions in… Read More »

8 Things You Must Know Before Starting the Mortgage Process

Mortgage rates have been rising in 2018 as the US economy is gathering strength. Some renters who have been on the fence about buying a home have been starting to think about getting into the market before rates nudge above 5% in the next year or so. But buying your dream home is not as easy… Read More »

Updated FHA Loan Requirements for Income and Debt to Income Ratios

For over eighty years the Federal Housing Administration has been assisting consumers with FHA home buyer loan and refinance mortgage programs that feature flexible income requirements and easy credit rules and guidelines. There is a reason why a high percentage of mortgage companies in the U.S. get approved by the Department of Housing and Urban… Read More »

I’m Self Employed, Should I Apply for a Stated Income Mortgage?

Many Americans believe that quitting their job and going to work for themselves is a major part of the American Dream, just as much as owning their own home. The good thing is that today, it is possible to be self-employed and own your own home with attractive stated income mortgage products becoming available this… Read More »