Articles

6 Steps to Get a Loan for a House in 2018

Economic activity in the US is definitely on the rise. For all of 2017, it is likely that the US will have grown at a 3% rate or higher, which has not been seen for more than a decade. This means it is likely that home sales will grow in 2018. If you are one… Read More »

What is a Jumbo Loan?

People who are shopping for a more expensive home, especially in a higher cost of living area, may consider a jumbo mortgage program. A jumbo loan is a type of mortgage where the amount is more than the conforming loan limits established by the FHA. So, unlike a conventional, conforming loan, it may not be… Read More »

4 Reasons for Realtors and Mortgage Lenders to Work Together

If you are a real estate agent who hands out business cards for several lenders when you meet with potential home buyers, you may want to reconsider how you are approaching the relationship you have between lender and realtor. Once you are established in the real estate business as a real estate agent, you are… Read More »

7 Reasons to Apply for a USDA Mortgage Loan

Did you know there are USDA mortgage programs available for people home buying in rural areas in the United States? Maybe you feel more comfortable surrounded by open country more than pavement and neighbors. If that is the cases, then you may want to buy a home in the country and it may be time to… Read More »

Top 7 Free Mobile Tools to Get the Best Home Loans

Home buyers are always told they should do plenty of shopping for a home loan. In fact, the federal loan estimate closing document that was introduced last year that supplanted the Good Faith Estimate document of years past was created to encourage home buyers to shop for loans before the signed the dotted line and… Read More »

Top 10 US Housing Markets in 2018

Much higher home prices in the big cities on the east and west coasts traditionally are the norm, such as in New York and San Francisco. But regarding the housing market in 2017, these hot markets are not necessarily the best places to buy a home. According to Zillow, some of the best places to… Read More »

How the California Housing Market Could Be Affected by Trump Tax Plan

President Trump in September 2017 released a tax plan that could bring major changes to the housing and mortgage industries, including in California. To understand how your home buying and/or refinancing could be affected in California, keep reading for the most up to date information. Doubling of the Standard Deduction One of the major changes… Read More »

Top Freddie Mac Loan Program for Home Buying and Refinancing

People who want to buy their own home have a variety of mortgage options available through Freddie Mac loan programs. Below is more information about the best Freddie Mac mortgage programs available for buyers and those who want to refinance. Freddie Mac mortgage rates continue to be competitively priced with housing affordability always being a… Read More »

Comparing Fannie Mae and FHA for First Time House Buyers

First time home buyers have many choices of mortgage loans available to them. Two of the most common are first time home mortgages that are backed by the Federal Housing Administration (FHA) and the Federal National Mortgage Association (Fannie Mae). Both of these entities offer attractive home loan programs with low down payments and reasonable… Read More »

Top 5 Down Payment Assistance Programs for New Home Buyers in the US

Interest rates are very low and house prices are going up, so many people are deciding to buy a home in 2017. But how many of us are worried about funding that down payment? New Home Buyer Grants Are Helping Renters Become Homeowners with Obtainable Down-Payment Assistance Programs Fortunately, there are down payment assistance programs… Read More »

When Is it Time to Purchase a Home?

Pros and Cons of House Buying and Renting It is a question that most people confront sooner or later: When is it time to purchase a home? Buying a home and renting both have their advantages and disadvantages. This article will take a close look at both sides of the rent vs. buy decision to… Read More »

Fannie Mae Home Path Loan Program Opportunities in 2017

Fannie Mae works closely with mortgage loan companies and other stakeholders in the real estate and finance industries to help home owners who have Fannie Mae loans to avoid a foreclosure. However, there are some situations where a foreclosure is unavoidable. When a foreclosure does occur, the goal of Fannie Mae is to sell the… Read More »

Co-Borrower Loan Requirements to Be Eligible for Home Mortgages

There are many potential home buyers in the US who may have difficulty getting a home loan in 2017 on their own. Experts recommend that they add a co-borrower to the mortgage application. With the co-borrower’s income, it may be more likely that you can get approved for a home loan. If you are considering… Read More »

5 Reasons to Save for a Home Loan Down Payment

People who are buying their first house typically have a challenge with coming up with the down payment for the home loan. A recent MPA survey revealed that confusion in regards to down payment requirements was one of the main reasons people in the U.S. delay becoming a homeowner, so we’ll discuss some strategies in… Read More »

Why Home Loan Interest Rates Will Remain Low in 2018

The interest rates on 30-year mortgages as of August 2017 were at the lowest point for the entire year, at a mere 3.86%. This is the lowest rates have been since November of 2016. Meanwhile, the rates on 15-year mortgages was only 3.16%, which are very popular with people who refinance. Many experts expected that… Read More »