Latest Blog Posts

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment.

By March 27, 2018 Read More →
What’s Ahead For Mortgage Rates This Week – March 26th, 2018

What’s Ahead For Mortgage Rates This Week – March 26th, 2018

Last week’s economic releases included readings on new and pre-owned home sales and the Federal Open Market Committee’s customary post meeting statement. Fed Chair Jerome Powell gave his first press conference as Chair of the Federal Reserve and FOMC. Weekly readings on mortgage rates and first-time jobless claims were also released.

By March 26, 2018 Read More →
6 Top Trending Green Features To Consider When Remodeling

6 Top Trending Green Features To Consider When Remodeling

Sustainable materials, energy savings and smart home technology are high on the list of buyer wants in a home. But there are some other architectural and design trends that will change the way Americans live in 2018 and beyond. When planning a remodel, it pays to pay attention to green features, as well as to improved floor plans that will make a home more comfortable, more appealing and more functional.

By March 23, 2018 Read More →
What Changes Occurred In FHA And FNMA Rules During 2018?

What Changes Occurred In FHA And FNMA Rules During 2018?

Those who are involved in the mortgage industry must keep updated on changes to FHA, and Fannie Mae (FNMA) loans. Since loan limits and other changes are often made annually, keeping up with these changes helps make sure consumers get the right information at the time of their application.

By March 22, 2018 Read More →
7 Excellent Ideas For Building An Eco-Friendly Home

7 Excellent Ideas For Building An Eco-Friendly Home

In recent years, building an environmentally friendly home or updating an existing home to be more energy efficient has become much more mainstream. While building an entirely green residence isn’t always fiscally possible, simple eco-friendly building techniques and upgrades will ultimately lower your water and electricity bills.

By March 21, 2018 Read More →
The Four Best Questions To Ask Before Refinancing Your Mortgage

The Four Best Questions To Ask Before Refinancing Your Mortgage

When trying to decide what to do, compare the cost of refinancing with what it would cost you in additional interest to hold on to your existing loan. While the breakdown is different for every borrower, generally, you’ll need to keep your current house and loan for anywhere from three to six years to break even on the costs of refinancing.

By March 20, 2018 Read More →
What’s Ahead For Mortgage Rates This Week – March 19th, 2018

What’s Ahead For Mortgage Rates This Week – March 19th, 2018

Last week’s economic news included readings From National Association of Home Builders, Commerce Department reports on housing starts and building permits issued Weekly readings on mortgage rates and new jobless claims were also released.

By March 19, 2018 Read More →
Moving From An Apartment To A House? Here’s What You Need To Remember About Your Lease

Moving From An Apartment To A House? Here’s What You Need To Remember About Your Lease

The major problem that the vast majority of buyers will run into – especially when purchasing their first home – has to do with a lease agreement that is still active with their apartment complex at the time of the purchase.

By March 16, 2018 Read More →
What Are The Benefits And Drawbacks Of Putting 20 Percent Down On A Home Purchase?

What Are The Benefits And Drawbacks Of Putting 20 Percent Down On A Home Purchase?

Several generations ago, lenders required home buyers to have a 20 percent down payment in order to get a mortgage. While there were a few options out there for people who couldn’t save this substantial amount, the reality was that for the majority of people, the 20 percent down was a requirement.

By March 15, 2018 Read More →
What Items Can Change My Mortgage Pre-Approval Status?

What Items Can Change My Mortgage Pre-Approval Status?

When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals.

By March 14, 2018 Read More →