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 »
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 »
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 »
Many homeowners today are choosing to refinance their mortgage because of the very low interest rates that continue to hover in the 4% range as of of 2018. Refinancing a mortgage on your home property can save you hundreds of dollars per month, freeing up money for many other expenses of life. Also, some of… Read More »
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 »
Homeowners always like to save on their utility bills, and there are several tax breaks that are available for people who have installed solar panels on their homes. In 2016, the federal spending bill that was passed extended the solar panel tax credit that has been affect for more than 10 years. It was extended… Read More »
Mortgage rate trends are always unpredictable, just like recessions and the prices of stock in your investment portfolio. But with mortgage rates in 2018, it seems fairly clear what is likely to happen this year and into 2019, but how will this affect first time home buyers in the near future? With a hot economy,… Read More »
The Federal Reserve last week increased its benchmark interest rate .25%, and clearly is anticipating more economic growth this year and next year. The latest increase takes the benchmark rate from 2% to 2.25%. It has not been this high since April 2008. It is the 8th increase since the Fed started to increase rates… Read More »
Home buyers and sellers do not have as much reason in September 2018 to get in touch with the mortgage lender these days. Mortgage interest rates are near recent highs in the 4.7% range for a 30-year, fixed rate mortgage. Refinance rates have been showing signs of rising again and home affordability is not what… Read More »
Reduced documentation and stated income home loan programs almost disappeared after the last financial downturn. Too many people who had questionable income sources were not fully verified and vetted by mortgage loan companies, and many could not afford to pay their mortgage payments when interest rates increased almost a decade ago. After the mortgage meltdown,… Read More »
As mortgage rates have been steadily rising in 2018 into the 5% range from less than 4% a year ago for a 30-year fixed rate mortgage, more home buyers are asking when if and when they should lock their rate in this market. If you are worried that rates will rise before you close, a… Read More »
It is always tempting when wanting to buy a home to go hit the streets and find your dream home. Then you make an offer. But if you have not even started the mortgage process before you make your offer, you will likely discover that the seller and the real estate agent will not take… Read More »
As the Consumer Financial Protection Bureau or CFPB continues to change and evolve, there are ways that Trump and other individuals may be able to improve it so that it better serves the American people. A recent report from the Office of Inspector General for the Consumer Financial Protection Bureau has determined some areas of… Read More »
Before you choose a mortgage lender, you should ask the loan officer some specific questions to be sure you are making the right choice. There are plenty of places to get a mortgage in any major metropolitan area, and you should be confident that you are making the best choice for your home ownership dreams.… Read More »
Buying your first home after renting for years can be rather daunting in some ways. But millions of renters have been there before and became homeowners, so you can do it too. If you do your homework before you apply a home loan, you will have a good chance of becoming a homeowner quickly. It’s… Read More »
The values of Americans’ homes are rising with the average increase approximately 7% more than last year. Some parts of the country are seeing double digit increases in value. If you want to sell your home soon, you may want to do some smart remodeling to increase your equity and property value. There are many… Read More »
If you have been out of college for a few years or more, you may be considering buying a home. But if you still have student debt, you might pause before you submit that mortgage application. Should you always repay your student loans before you take on a home loan? Or can you go ahead… Read More »
Mortgage rates in 2018 are still historically low. But there is no doubt they have climbed substantially from record lows in the last three years. The days of 3% thirty-year fixed mortgages are behind us, and according to Zillow, current refinance rates are higher than they were a year ago. It is possible that rates… Read More »
Housing prices have been up this year by 7% on average across the country from a year ago. Determining when to sell your home can help you to get more money from the process and also reduce some of the stress. Below are some tips and tools to decide when the best time is to… Read More »
Home-ownership is one of the pillars of the American dream. The US tax code has many tax breaks to encourage home ownership, even beyond the popular mortgage interest deduction. The US government understands that when people own their own homes, they are more likely to care for the property and the neighborhood in general. Also,… Read More »
Selling your first home can be an exciting experience. Home prices are up, and there is a good possibility you can make a good profit by selling your home. The chances of selling your home for top dollar quickly rise when you know that you are working with the best realtor. To choose the best… Read More »
Most military members and retired military know about the VA home financing programs for getting a home loan guarantee with 100% financing, low interest rate and no mortgage insurance. The VA mortgage loan can be a great deal for many veterans and active military. But did you know there are other special home loan programs… Read More »
Buying a home is always a challenge for many people given the money involved. But in 2018, interest rates have been rising and are likely to continue to do so. According to Zillow, today’s rate for a fixed rate, 30-year mortgage is approximately 4.45% with a 4.52% APR. Yes, the possibility of higher home loan rates… Read More »
Learn How to Navigate Mortgage Rates with Fannie Mae /Freddie Mac, FHA, VA, USDA, Non-QM Loan Programs from Competitive Lending Sources Online. Buying a home in 2018 can be a challenge for many of us. There is a lot of paperwork and many parties involved. If you are a first-time buyer, you also may not… Read More »
Mortgage rates in 2018 have risen for the most part, but there are still some home owners out there that may want to refinance before rates rise further. Even with higher interest rates, you still can save money on fees and closing costs when you do your mortgage refinance. This can end up saving you… Read More »
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