|Mortgage & Refinancing Information|
Tips for First Time Home Buyers
When looking at tips for first time home buyers, you've come to the right place. Many people are looking all over the Internet for reliable information. There's over 761,940 websites (as of March 05) with information or online forms urging you to fill them out for more details.
While I certainly agree the Internet is a great place for obtaining tips for first time home buyers, it can also become a real information overload as well. So I want to give you some tips that can help in your search.
Tips for First Time Home Buyers #1
Don't be too quick!
Avoid giving out your personal information like Social Security number, date of birth etc. at every website that asks for it. This is the single biggest mistake I've seen made. Some first time home buyers in their zeal to get started do this. The problem is this, many sites will require this information before they'll give you any details. They start out with a simple, name and address screen, then lead into screens that ask for more personal details.
At all costs, hold off giving out this private information. You will have to at some point in time. Not until you've learned about the mortgage process should you do this. What happens when you fill in the forms online? Your e-mail box will be flooded with loan offers. Many places tout they'll have 4 lenders or even more give you quotes. Guess what? Nearly every one of these lenders are going to run a credit report. If you have numerous inquires in your credit in one month, this can affect your credit score.
Another reason to be careful here is that most of these websites are lead generators. The company or webmaster will sell your information to one or perhaps even more sources and then we have a BIG problem. It can costs you in your credit score. The lower your credit score, the higher your interest rate will be. The higher your credit score the lower your interest rate.
Tips for First Time Home Buyers #2
Work with someone you trust.
How can you determine if that person is honest and trustworthy? Listen to them closely. Are they trying to hurry you along to get your personal information? Or are they taking the time to explain things and help you to understand exactly what you're about to get into?
Buying a home is the single biggest investment most people make in their lifetime. Then afterwards, managing that debt is important also. You want to work with someone who will help you do this. They should be interested in a long term relationship with you. Over your lifetime you'll get more than 1 mortgage. I know, it's hard to imagine that now, but statistic's show that on average people move or get a new home loan about every 7 years.
Having someone you trust, that has your best interest is what you need. I look at it this way, if I do a good job for you, you might tell 1-2 of your friends. If I did a bad job for you, you'll tell 100 of your friends. I build my mortgage business 1 loan at a time. I love referrals so I take a personal interest in each and every borrower. My customers talk about me to their friends!!
Tips for First Time Home Buyers #3
Choose your Loan Officer wisely.
Now because of the Internet, home lending has become a big business. Mortgage Brokers and Lenders have popped up everywhere. Many have also fallen by the roadside at the same time. The money business is HUGE! Did you know that over 1.3 TRILLION dollars changes hands around the globe everyday?? When you start to think about it, it staggers your mind. Your First Time Home Buyers loan is just a very small part of daily business.
There's a big difference between a lender and a broker. Brokers are middle men between you and the lender. They get paid for brokering your loan. They also can help you get loan offers from many lenders. Since the mortgage broker gets wholesale pricing, this can be good if it's done without running your credit every time. That's why I say choose your Loan Officer wisely.
Many times when working with a broker, you may not know who your lender is until the day of closing. Again, this is still alright if your loan is locked, you know all the details of the loan product and so forth. What's important is that the Loan Officer has revealed all the correct information. Is it a fixed rate loan? Is it an ARM? Is the interest rate what he quoted you in the beginning?? I can't tell you how many times I've heard horror story's about last minute changes. The buyer finds out that their closing costs are more, the interest rate is higher etc. When you're at the closing table, the buyer's there, the seller and the realtors. What are you going to do??
If you go ahead and close because the pressures on, it's going to cost you thousands of dollars over the years. Many ruthless loan officers have done this to First Time Home Buyers and just don't care. They may never see your face anyway. You're just a paycheck to them.
Working with someone you trust can help avoid this problem and save you money. Dealing with a loan officer who is on your side will protect you. Nevertheless if you've been taken advantage of, this is a RESPA violation and they should be reported.
Jeff Ragan is a loan officer interested in helping people understand the mortgage process.
Too many people have been taken advantage of by unscrupulous loan officers. His website has dozens of informative pages to help first time home buyers save time, money and mistakes. Feel free to visit at http://www.jeffreyragan.com
Mortgage rates are low. Here's how to figure out if you should refinance NBC News
Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage.
Mortgage rates are low. Here's how to figure out the best plan for your budget CNBC
The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. But first, you need a plan.
Mortgage refinance boom goes bust as rates shift higher CNBC
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand. Mortgage application volume fell ...
Homeowners are rushing to refi mortgages as rates drop The Real Deal
Homeowners throughout the country are looking to refinance their mortgages thanks to lower borrowing costs, contributing to a sharp government bond rally.
These are the best (and worst) reasons to refinance your mortgage Bankrate.com
Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...
Fixed mortgage rates increase for the fourth week in a row The Washington Post
It wasn't much of a lift, but fixed mortgage rates moved higher for the fourth straight week. According to the latest data released Thursday by Freddie Mac, the ...
Rising mortgage rates again reduce refinance application volume National Mortgage News
Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to ...
Refinance mortgage rates mixed for Monday Bankrate.com
Refinance rates were mixed today. If you haven't locked a refi yet, see how your future mortgage payments could be affected.
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Millions of homeowners could now save each month on their mortgage payments, according to a new report. That's because they're suddenly “in the money” to ...
Refinance mortgage rate eases for Monday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. See what that means for you if you're in the market for a home loan.
Refinance mortgage rate dips for Saturday Bankrate.com
Refinance rates were mixed, but one key rate declined. See what that means for you if you're in the market for a home loan.
Mortgage Traders Breathe Easier as the Risk of a Refinancing Wave Ebbs Bloomberg
Mortgage investors are breathing a sigh of relief amid signs a potential surge in prepayments set to weigh on returns may be avoided.
Weekly mortgage applications fall as the highest rates in a month are spooking spring buyers CNBC
Homebuyers had been brushing off the slight rise in rates over the past few weeks, but as those rates move even higher, buyers are now pulling back.
Refinance mortgage rate slides for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate declined. If you're in the market for a mortgage, see what that means for you.
Refinance rates move higher for Wednesday Bankrate.com
Multiple key refinance rates notched higher today. See what that means for your refinance.
Refinance mortgage rates mixed for Saturday Bankrate.com
Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.
Mortgage rates fall for Wednesday Bankrate.com
Multiple key mortgage rates fell today. See how that could affect your mortgage payments.
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions - MarketWatch
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions MarketWatch
f you refinanced your home mortgage last year, you may be in line for some often-overlooked tax deductions on your yet-to-be-filed 2018 Form 1040.
Here's how many borrowers should refinance after the recent drop in mortgage rates HousingWire
Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market. According to the latest report from ...
Refinance rates decline for Tuesday Bankrate.com
Multiple closely watched refinance rates decreased today. See what that means for you if you're in the market for a home loan.
Refinance rates dip for Monday Bankrate.com
Several benchmark refinance rates were down today. If you're in the market for a home loan, see what that means for you.
Closed loan and refinance shares grow on sinking mortgage rates National Mortgage News
Mortgage rates continued to decline through the spring home buying season, driving up the share of refinance loans and overall closing rates, according to Ellie ...
Mini refinancing boom is a boost for lenders The Real Deal
There has been a mini surge in mortgage and refinancing applications spurred by falling mortgage rates, the Wall Street Journal reports.
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Refinance rates ratchet higher for Friday Bankrate.com
Several closely watched refinance rates advanced today. If you're in the market for a home loan, see how your payments might be affected.
Refinanced office and water park loans highlight $938M Wells CMBS Asset Securitization Report
A renovated office complex in Florida and a recently built Great Wolf Lodge resort in Orange County make up two of the largest loans in Wells' latest conduit.
Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage HousingWire
A little over a year ago, Airbnb partnered with some of the nation's largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the ...
Refinance rates ease for Thursday Bankrate.com
Several closely watched refinance rates fell today. See what that means for your chances of getting a better mortgage rate.
Refinance rates rise for Thursday Bankrate.com
Multiple closely watched refinance rates trended upward today. If you're in the market for a refi, see how your future mortgage payments could be affected.
Mortgage rates continue to nose-dive as 30-year fixed experiences biggest one-week drop in a decade - The Washington Post
Mortgage rates continue to nose-dive as 30-year fixed experiences biggest one-week drop in a decade The Washington Post
Just a handful of months ago, mortgage rates were soaring. Now they are sinking. According to data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Refinance rates retreat for Wednesday Bankrate.com
Multiple benchmark refinance rates sunk lower today. If you're in the market for a mortgage, see what that means for you.
Important mortgage rate dips for Tuesday Bankrate.com
Mortgage rates diverged today, but one key rate declined. See what that means for you if you're in the market for a mortgage.
Refinance rates trend higher for Wednesday Bankrate.com
Several closely watched refinance rates notched higher today. If you're in the market for a home loan, see what that means for you.
Saudi Real Estate Refinance Co plans up to 4 bln riyal sukuk sale... Reuters
Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk ...
Refinance rates slide for Friday Bankrate.com
Several key refinance rates decreased today. See what that means for you if you're in the market for a mortgage.
Mortgage rates up for Friday Bankrate.com
Multiple benchmark mortgage rates climbed today. If you're shopping for a mortgage, see what that means for you.
Liz Weston: How debt 'solutions' could dig you in deeper Tampa Bay Times
Taking on a lower interest loan to pay off credit cards gives some a false sense they are free to spend more.
Refinance rates trend higher for Monday Bankrate.com
Several key refinance rates floated higher today. See what that means for you if you're in the market for a home loan.
Refinance rates tick lower for Friday Bankrate.com
Several benchmark refinance rates trended down today. If you're shopping for a refinance, see what that means for you.
Refinance rates drop for Saturday Bankrate.com
Several key refinance rates sunk lower today. If you're shopping for a refi, see how your payments might be affected.
Mortgage rates today, April 2, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, April 2, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates rose again yesterday, as we predicted. However, they moved up much more sharply than expected. It was a bad day. Markets yesterday ...
Mortgage rates taper off for Friday Bankrate.com
Several benchmark mortgage rates dropped today. See what that means for you if you're in the market for a mortgage.
NerdWallet: How debt 'solutions' could dig you in deeper South Bend Tribune
Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans ...
Novus Home Mortgage Launched National Mortgage Professional Magazine
Panorama Mortgage Group has launched Novus Home Mortgage as a new brand, focusing on conventional, government and specialty mortgages for the ...
How to Get a Mortgage for a Rental Property U.S News & World Report Money
Mortgages for a rental property are different from home loans for your primary residence. For example, the interest rates for a rental property may be higher.
The new digital divide is between people who opt out of | Cosmos Cosmos
Smart people are questioning the influence of artificial intelligence on many aspects of their lives. Anjana Susaria of Michigan State University in the US.
I Got an Adjustable-Rate Mortgage and Wow, What a Ride! Realtor.com News
I got an adjustable rate mortgage, or ARM—and here's how this decision impacted our finances over five, 10 years—and beyond.
Rent near me: Housing inequality mirrors income inequality, says study Curbed
Cost increases much higher for low-income renters than high-income homeowners, exacerbating income divide.
Key Factors to Impact New Residential's (NRZ) Q1 Earnings Yahoo Finance
New Residential Investment Corp. NRZ is scheduled to report first-quarter 2019 results on May 1, before market open. The company's results will likely display ...
Mortgage rates today, March 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, March 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Yesterday was another good day for average mortgage rates. As we predicted, they fell again, but nothing like as sharply as they did on Friday. Still, the ...
Saudi Real Estate Refinance Co. plans up to $1.07bn sukuk sale this year Arab News
RIYADH: Saudi Real Estate Refinance Co. (SRC), modelled on US mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of ...
Lower Mortgage Rates No Relief for US Home Sales WOLF STREET
Across the US, hot and cold housing markets all thrown into one bucket: Sales of “existing homes” (single-family houses, townhouses, condos, and co-ops) in ...
Mortgage refinancing spree becomes a race against the clock Bankrate.com
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...
Why the world’s biggest bond investor is dismissing the yield curve’s recession warning - MarketWatch
Why the world’s biggest bond investor is dismissing the yield curve’s recession warning MarketWatch
Pimco's chief investment officer says the U.S. is unlikely to see a recession this year.
A Growing Gap in Consumers' Awareness of Algorithmic Influence Undark Magazine
Opinion | A digital literacy gap is widening between consumers who know how to opt out of the algorithmic curation of their personal data and those who don't.
Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News
Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.
Quicken Loans includes rental income in mortgage qualification Mortgage Professional America
Owners of vacation properties rented out through Vrbo will now be able to use income from those rentals to qualify for a refinance mortgage from Quicken Loans.
Struggling widow’s big win over Westpac in mortgage battle 9news.com.au
A widow who battled with Westpac for years over a painfully high interest rate to her mortgage has had a big win after the bank apologised. Tracey Lewis's late ...
Boomerang buyers: More people who lost homes during housing crisis are buying again USA TODAY
More people who lost homes to foreclosures or short sales in the housing crisis are buying again. Many plan to buy within 3 years.
Linda Aparo: Missing, Defective Lien Releases are an 'Epidemic' Mortgageorb
PERSON OF THE WEEK: Lien release has always been a problematic area for mortgage lenders and title companies. With alarming frequency, lien releases ...
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ...
What to consider before determining whether to refinance your mortgage Washington Post
REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...
Key mortgage rate moves upward for Wednesday Bankrate.com
Mortgage rates diverged today, but one key rate climbed. If you're shopping for a mortgage, see how that could affect you.
5 Signs It's Time To Refinance Your Mortgage Forbes
You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...
Mortgage refinance applications hit 18-year low CNBC
Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ...
OpEd: Affordable Housing Requires A New Shape For The Mortgage Industry Africa.com
There are two essential parts to achieving affordable housing: building decent, low-cost homes, and developing a housing finance market that enables ...
Still haven’t refinanced your mortgage? You still have an opportunity to save big Bankrate.com
Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ...
FNF Reports First Quarter 2019 Diluted EPS of $0.74 and Adjusted Diluted EPS of $0.43, Pre-Tax Title Margin of 19.2% and Adjusted Pre-Tax Title Margin of 11.3% - Yahoo Finance
FNF Reports First Quarter 2019 Diluted EPS of $0.74 and Adjusted Diluted EPS of $0.43, Pre-Tax Title Margin of 19.2% and Adjusted Pre-Tax Title Margin of 11.3% Yahoo Finance
JACKSONVILLE, Fla., April 24, 2019 /PRNewswire/ -- Fidelity National Financial, Inc. (FNF), a leading provider of title insurance and transaction services to the ...
Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain - Mortgage News Daily
Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain Mortgage News Daily
Should small, non-depository mortgage bankers be concerned about big banks renewing their interest in FHA loans? Probably. Bank of America is promoting its ...
Washington Prime Group Announces Execution of $180M Non-Recourse Mortgage Note Secured by Waterford Lakes Town Center - Associated Press
Washington Prime Group Announces Execution of $180M Non-Recourse Mortgage Note Secured by Waterford Lakes Town Center Associated Press
Press release *content* from Globe Newswire. The AP news staff was not involved in its creation.
Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com
Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...
Refinance rates slide for Tuesday Bankrate.com
Multiple closely watched refinance rates receded today. If you're in the market for a home loan, see what that means for you.
The main reason to refinance your mortgage: Save money Chicago Tribune
A substantial drop in interest rate on a fixed rate mortgage could save you money with a refinance. But you must factor in closing costs on the transaction.
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ...
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ...
Mortgage industry crucial in creating self-reliant citizens Arab News
The opening day of the Financial Sector Conference in Riyadh addressed big themes — macro-economics, capital markets, multibillion-dollar bond issues ...
Refinance rates ease for Friday Bankrate.com
Multiple benchmark refinance rates ticked downward today. If you're in the market for a mortgage, see what that means for you.
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ...
Should You Refinance Your Mortgage? Forbes
Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ...
Refinance mortgage rates mixed for Tuesday Bankrate.com
Refinance rates were mixed today. If you're in the market for a refi, see how that could affect you.
Neighbourhood Stops and Shops: Trusted services from top-tier Mortgage Broker John Filice - Beach Metro News
Neighbourhood Stops and Shops: Trusted services from top-tier Mortgage Broker John Filice Beach Metro News
By SURINA NATH. Local residents are saving money on their mortgages with help from licensed AMP Mortgage Broker John Filice. With more than 30 years of ...
Mortgage application increase led by higher refinance volume National Mortgage News
Mortgage applications increased last week but unlike the prior period, it was driven by refinance volume as interest rates fell to a one-year low, according to the ...
How The 2020 Candidates Will Address Student Loan... The University Network
As graduating seniors unravel their freshly-printed diplomas, it's hard for them to see anything but a bill. Today, U.S. college students are paying more in student ...
Refinance rates move lower for Monday Bankrate.com
Several benchmark refinance rates tapered off today. If you're shopping for a home loan, see what that means for you.
Refinance mortgage rate moves lower for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate trended down. If you haven't locked a refi yet, see how your payments might be affected.
Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
If you have been wanting to refinance but had a hard time getting approved, 2019 might be your year. Lenders are allowing higher debt-to-income ratios, ...
Factors to weigh when considering whether to refinance your home Washington Post
Q: I was offered a mortgage “recast” and I need help evaluating if it is a sound financial move. My home is worth $250,000. I owe about $68,000, as I have been ...
My second mortgage rate is too high! What should I do? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
My second mortgage rate is too high! What should I do? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
If your second mortgage rate is too high, you have many options. The trick is to identify the best one. Here's how you can do that.
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
The Freddie Mac Relief Refinance Program (FMERR) allows homeowners to refinance with little or no home equity. Home value dropped since you purchased?
Refinance mortgage rate moves higher for Monday Bankrate.com
Refinance rates were mixed, but one key rate trended upward. If you're in the market for a mortgage, see how your payments might be affected.
New VA rules aimed at curbing predatory lending for cash-out mortgage refinances Bankrate.com
An interim final rule on VA-guaranteed cash-out refinance loans was published on February 19 to protect borrowers from predatory lenders. The rule executes ...
Mortgage refinance applications decline to 18-year low: MBA National Mortgage News
Mortgage applications decreased 1.8% from one week earlier as refinance submissions fell to their lowest in nearly 18 years, according to the Mortgage Bankers ...
Refinance rates fall for Wednesday Bankrate.com
Multiple benchmark refinance rates declined today. Nationwide averages for 30-year fixed and 15-year fixed refinances both slid down. The average rate on ...
Refinance rates drop off for Monday Bankrate.com
Multiple benchmark refinance rates fell today. The nationwide average for a 30-year fixed-rate refinance ticked downwards, but the average rate on a 15-year ...
Refinance rates retreat for Monday Bankrate.com
Multiple benchmark refinance rates tapered off today. If you're in the market for a mortgage, see how your payments might be affected.
Ellie Mae: Millennials' interest in mortgage refinance spikes HousingWire
In January, slightly lower interest rates led to Millennial homebuyers increasing their requests to refinance their mortgages. In fact, according to Ellie Mae's latest ...
Refinance mortgage rate advances for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate floated higher. See what that means for your chances of getting a better mortgage rate.
Mortgage applications fall, as refinancing hits 20-year low CNBC
A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week.
Credible Expands Their Marketplace Into Mortgage Refinancing Lend Academy
Credible made a name for themselves in student loans. They are the first and largest marketplace for people looking to refinance their student loans. Borrowers ...
The Right Home Loan - Floating or Fixed Rate Loan
Choosing a home loan has never been tougher. Yes, with all these cheap interest rates floating around, you as a customer are faced with a happy predicament.
How to Use a Home Equity Line of Credit Calculator
Most home owners know that the lower the interest rate, the lower the monthly payments. But then the process may get a bit fuzzy.
How easy is it to get a Commercial Mortgage in the UK?
As is the case when applying for any mortgage, be it a residential or acommercial mortgage, the better your credit and the better the collateral, theeasier the process becomes. But that doesn't mean that if your credit is lessthan perfect, or you want to purchase commercial property in a less thendesirable part of the city, that you are automatically locked out of gettingthe money you need.
Mortgage Terminology for the First Time Home Buyer
Buying a Home for the first time can be a little "nerve racking". Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what they're talking about.
High Risk Mortgage Lenders - Using a Sub Prime Lender Online
Sub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures.
Consolidate Your Debt With a Home Equity Loan and Improve Your Credit Score
A home equity loan is a loan based on the difference between what your current home value is and what you currently owe on your house. There are also mortgage companies that will loan a little over the equity you have in your home.
Buying a Home when Rates go Up
Many people fret the rising tide of interest rates. You'll hear things like, "Did I miss the boat? Is it too expensive now to buy a home? How can I afford the house of my dreams? Maybe I should wait! Maybe I should just rent for a while! Maybe the rates will go down in a few weeks.
Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate
Interest rates are on the rise and many home owners who have adjustable rate mortgages may see increases in their forthcoming annual adjustments.Federal Reserve Chairman Alan Greenspan made it clear in 2004 that the Federal Reserve would be increasing short-term interest rates at a "measured pace.
Why Its Important to Get Pre-Approved
Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home.
Ending Your Private Mortgage Insurance Early
Private mortgage insurance, or PMI, is the safety net of the lender. PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties.
What Are Mortgage Brokers And Why To Use One
"Mortgage" is formed from two words: the French word "mort" meaning "dead" and the word "gage" from Old English meaning "pledge". Sir Edward Coke (who lived from 1552 to 1634) explained the term: the land as considered "dead" to the mortgagor, as if the person never had it.
Choosing The Right Buy-To-Let Mortgage
Buy-to-let took off during the 1990s with the increasing availability of specialist mortgages tailored towards the sector.For most people investing in buy-to-let schemes, mortgages are a vital component for funding the investment.
Home Buyers Face Decisions that Affect Their Long-Term Financial Picture
Taking the step for prospective home buyers.into home ownership is one of the most important financial decisions a person will make in their lifetime.
New York Refinance - Refinancing in New York
If you are looking to refinance in New York, it helps to get the facts before you begin the refinancing process. If you have an existing high interest mortgage, refinancing now could be the best choice for you.
Option ARM Mortgage Loan - Is This Really for You?
What happened to the days of a 15 or 30 year fixed rate mortgage loan? Ultimately this is the safest and most popular mortgage loan product in our industry, but new mortgage products are hitting the market, and we in the mortgage business are using them to our advantage; ever heard the radio advertisement saying, "buy a $200K home for $643.28 per month; call XYZ Mortgage Company to apply"? The product used in this ad is called an Option ARM, and I feel it's my duty as a mortgage professional to tell you what this product is in case you happen to meet up with that loan officer whose only concern is to make a fee, and not have your best interest in mind.
Residential Mortgage - Finding The Best Home Mortgage Lender
Most people approach the act of getting a home mortgage purchase or refinance loan the wrong way. They timidly approach lenders and cross their fingers that they will quality for that all-important loan.
What to Really Expect for Closing Costs
Closing on a property is a very challenging time for a would-be homeowner. Being informed, either through your mortgage broker, your real estate agent, or through self knowledge is the best thing you can be when going through this procedure.
Bad Credit? Qualify Yourself For A Zero Down Mortgage Loan
I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs.
Bad Credit? With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit
Have you decided to refinance your home or apply for a home equity line of credit but worry about your credit rating? Even with poor credit it is possible to refinance your existing mortgage or obtain a home equity line of credit. New practices in the lending industry have made it easier than ever for you to refinance your mortgage or get a home equity line of credit.
Mortgage Clarksville - Find the Best Deal
Searching for a mortgage can sometimes be a hassle. Where to apply, who to apply with, what deal to take.
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