Why Some Millennials Are Choosing Fannie and Freddie Over FHA

Millennials who want to buy a home have probably heard of Fannie Mae, Freddie Mac and FHA. All of these are government backed entities that use different methods to extend loans to first time and other types of buyers who may have had difficulty getting credit in the past. This article will help you to… Read More »

Why Are Investment Companies Buying Subprime Mortgage Bonds Again?

After the financial crash of 10 years ago, subprime mortgage bond issuance has been rare. It was those risky securities that effectively brought the US economy and world economy to its knees. But recent information from the financial industry suggests investors are buying subprime mortgage bonds again. According to the Financial Times, subprime mortgage bond… Read More »

Will Rising Mortgage Rates Kill the Housing Market?

As of March 2018, mortgage rates have been steadily on the rise for at least the past two months. The Federal Reserve has increased its benchmark interest rates again. While this increase does not always trigger higher mortgage rates automatically, there is little question that rates are quite a bit higher than the beginning of… Read More »

8 Steps to Buying Your First Investment Home

Real estate often produces many wealthy people, so there are many reasons to consider buying an investment home. But like any type of major investment, you are wise to understand the subject well before you put your money on the line. With the information below, you will be better prepared to buy your first investment… Read More »

5 Questions Every Renter Should Ask Before Buying a House

There are many reasons to buy your own home and stop renting. But there are many factors to consider before deciding to make the plunge into home ownership. It worth considering this question carefully; one of the reasons for the last financial downturn was too many people had mortgage they could not afford. When millions… Read More »

How Do Underwriters Consider My Rental Income from My VRBO?

Many people who want to get a mortgage may not know they can use rental income to sometimes qualify for the loan. This can apply to a property you currently own and rent as well as a property you are planning to buy and rent. Below is more information about how VRBO rental income works… Read More »

Guide to Mortgage Loan Calculators in 2018

Most people wanting to buy a home with a mortgage usually have two major concerns: How much will the interest rate be, and can I afford the monthly payments? There are many good online mortgage calculators that can assist you in making these important financial calculations when you are deciding to buy a home. There… Read More »

5 Ways to Save Money as a Homeowner Now

So, you just closed on your new home. Great! It is very exciting, but there is a lot to do, and if you do not do things right, you could cost yourself extra money each month. While you might not be thinking about saving money right now, it will pay off in the long run… Read More »

What Are the Jumbo Mortgage Limits in 2018?

It is 2018, and conventional and conforming loan limits have increased. This could be a benefit to people buying homes, as well as those who want to refinance this year. This means that fewer loans will be considered jumbo loans, which makes borrowing money for a home easier for most people. A jumbo mortgage is… Read More »

10 Ways to Get Approved for a Home Loan the First Time

Are you in the market for a home loan in 2018? Whether you are buying your first home or refinancing your existing one, you can improve your odds of being pre-approved for a home loan this year if you follow our helpful tips below. #1 Make Sure You Know Your Credit Score As you probably… Read More »

Trump Admin Proposes Higher Funding for HUD

President Trump announced last week that his proposal for the 2019 fiscal budget would allot a total of $41.24 billion to the US Department of Housing and Urban Development (HUD), which is an increase of 1% from $40.7 billion in 2017. Last year, the president reduced HUD’s budget by $6.2 billion. Originally, the Trump administration… Read More »