This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year. The progressive decline in rates continued for six consecutive weeks. This is according to the The Washington Post report yesterday, September 7.Average 30-year fixed rates dropped Read more
Here’s Everything You Need To Know About USDA Loans
You’d probably think of farmlands or hilltop houses when you hear or read up about home loans backed up by the United States Department of Agriculture (USDA). That’s pretty much understandable since we can automatically associate the USDA with farms, ranches, or vineyards. But there’s more to USDA Read more
Mortgage Applications Take an Upswing from the Previous Week
The month August showed a good kickstart for this month’s mortgage application activity. In a report released Wednesday, August 9, 2017, weekly mortgage applications gained 3.0 percent from the previous month.The refinancing shares of activity also increased by almost 50 percent. Other Read more
Millennials’ Hardest Struggle: Selling the Home When the Time Comes
Millennials are buying homes and becoming homeowners. They’re grown ups now. And now, buying a home and getting a good paying job excited them more than just partying and spending a lot on shopping. Buying a home is one of the major steps they take in their ‘adulting’ phase.According to HSBC, 35 Read more
Buying a Multi-Family Unit Home
Finding financing to purchase a duplex or a multi-family unit property is achievable. There are many different loan products designed for this property type. What determines the kind of loan you get is whether you will occupy it or not.Owner-occupants may avail of government-backed loans as well Read more
