Articles

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 »

How Will Tax Reform Affect Low Income Housing?

The US Congress passed a tax reform bill at the end of 2017 that low income housing advocates say could have a negative effect on the low-income housing market. According to the Housing Advisory Group, the Republican tax law has overall not been good for the production of affordable housing for low income Americans. Let’s… Read More »

Can Trump Can Get the Federal Reserve to Stopping Raising Rates?

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 »

Which Mortgage Refinance Programs to Choose as Rates Rise in 2019

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 »

Pros and Cons of a Mortgage Rate Lock in this Market

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 »

7 Ways Trump Can Improve the CFPB in 2019 and Help the Housing Market

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 »

8 Ways to Remodel Your Home to Increase Equity and Property Value

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 »

Key Tax Breaks for Homeowners in 2019

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 »

9 Tips to Choosing the Best Realtor to Sell Your First Home

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 »

8 Special Military Home Loans Guaranteed by State Governments

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 »

Essential Guide to Owner Builder Home Loans

It is exciting to have a home built just for you. But most people are unfamiliar with owner builder home loans. Mortgage loans for new construction are a different animal, and if you want to build your home, it is smart to learn about this unique mortgage process. Find Lenders that Specialize in Owner-Builder Home… Read More »