You received your mortgage approval, you figure everything is good to go and you are free to do with your finances as you wish, right? Unfortunately, this can hurt you in the end. Lenders have gotten smarter with their ways, especially after the housing crisis. Now, not only do they recommend that Read more
Archives for January 2017
Mortgage Rates Rise So Do Mortgage Applications
With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time this 2017. Meanwhile, mortgage Read more
The Credit Score Flexibility of FHA Loans
One of the best mortgage programs you can use as an alternative to a conventional home loan is an FHA loan. The FHA loan makes homeownership available to potential borrowers who:a) have no money to pay for the conventional 20 percent down payment or at the least the required minimum down payment Read more
Why do You Need a Realtor for a New Construction Home?
Building your own home from the ground up is exciting. You get to choose many aspects of the home right from the start that you otherwise could not do with an existing home. Remember, however, it is still a home purchase and possibly one of the largest investments you will make in your lifetime. Read more
Does Refinancing Affect your Home’s Assessed Value?
Owning a home means you have to pay certain things like a mortgage, real estate taxes, and homeowner’s insurance. It is a part of the responsibility of owning a home. Not to mention the maintenance and upkeep fees you continually have to pay to keep your home in good shape. Generally, your fees stay Read more
