mortgage

'Weststar Mortgage Corporation' Merges with 'Goldwater Bank' for a Stronger Mortgage Lending Business

Weststar Mortgage Corporation will soon merge with Goldwater Bank after acquiring the company through stocks.

Madison Realty Capital Lends $124-Million Mortgage Package for a 175,000-square-foot Real Estate Portfolio in Manhattan

Madison Realty Capital is one of the leading real estate investment management firms based in Manhattan, New York. The firm has provided a $124 million customized first and second mortgage to their client who has acquired a 175,000-square-foot real estate portfolio in Manhattan.

The Pros And Cons of Paying Staight Cash In Home Buying

With the recent mortgage bubbles still fresh in mind, no one can blame people who would wanna buy their next property in straight cash payment instead of going for loans. It sounds like a good idea, but here are its pros and cons if you are hesitant.

Why Paying Your Mortgage Biweekly Could be Bad for You

Just when you thought you could be saving much through this payment schedule, you may actually end up paying more--experts warn homebuyers.

Top 10 Places That Are the Most Affordable to Live in

Anyone who likes to live in a place that is affordable, raise your hands up! The word cheap is relative to many people. But these days, cheaper real estate properties, as well as cost of living, are what most people are after.

Real Estate News: Mortgage Rate Update

Mortgage rates for 30-year fixed mortgages rose this week, with the current borrowers rate at 3.75 percent, up one basis point from last week.

Mortgage Applications Cut Down Six Percent as Refinancing Slides

The increase in interest rates has reportedly made a significant decrease in mortgage applications. According to Diana Olick of CNBC , a small increase in the interest rates has made a cut on the number of mortgage applications.

Real Estate Mortgage: Pros And Cons Of Credit Union

Compared to traditional lenders, credit unions prove to offer lower mortgage rates and closing costs. However, they are also known to be more conservative in their lending practices which mean that it may take more patience and effort to qualify a loan through one.

7 Reasons Why a Stronger Housing Sector isn't Boosting the U.S. Economy that Much

Statistics may be giving the industry some good news, but analysts are saying housing still isn’t contributing much to the overall economic growth of the country.

4 Questions To Ask Before Signing Your Mortgage

One of the toughest steps in the home buying process is facing the dotted line and signing the mortgage. It is a huge commitment that is accompanied by a pile of paperwork to sort through. While reading every page of the document could help, you may still find yourself confused with some information.

Do You Really Need A Mortgage Preapproval?

Getting your hands on the mortgage preapproval letter is the fastest way to land your dream house once you find it. It will take preparation and patience, but it will make you attractive to sellers as well as help speed-up the buying process -a nice perk when you're competing with other buyers in a hot market.

Federal Reserve Update: IMF Cautions Fed before They Raise Interest Rate, Narayana Kocherlakota Says “Fed to Have Less Room to Raise Rates in Future”

Officials of the Federal Reserves will have a meeting on Sept. 16-17, and it seems that the interest rate hike will be one of the topics on the table.

Mortgage Loan Originator Licensing System Hurts the Industry and Consumers

National Mortgage Licensing System or NMLS is a testing and licensing system under the SAFE Act and it poses some difficulties for mortgage loan originators who seek for license.

Real Property Tax: A Significant Expense For Home Owners; Substantial Increases Expected By Landlords In 2016

End of September is either marked or unmarked in the calendars of homeowners. This is the date set to pay real estate taxes. And it is noted that there will be an increase effective in 2016.

How To Boost Your Credit Score Before Buying A Home

Home buying doesn't begin on the instance you walk through the door of your first open house. The moment you make the decision, you have to immediately start thinking about the finances - and your credit standing is an important component.

Real Estate Tips and Guide: How to Choose the Right Mortgage Lender

Choose the best mortgage in accordance with your needs and financial capacity. Here are some tips to help you out in choosing the right mortgage lender.

Loan Application: How Long Does It Really Take

Your hard work is finally going to pay off; you are buying a house! And so you begin the exciting process of hunting the perfect house, you scroll online listings, then - boom! - you found it! The perfect home; it's in your dream location, layout, size, finishes, and price.

5 Secret Sources of Down Payment Money

The down payment is really the only thing that stands between you and your ability to become a homeowner.

Real Estate Update: Home Buyers are Heading to Florida to Avoid the Cold Winter Weather

Florida ranks Number 2 behind California in terms of jumbo volume for both primary and secondary homes at Quicken Loans, says Bill Banfield, vice president of one of the country’s largest jumbo lenders. Banfield says, “When you have got people who get cold in the wintertime, they start thinking about places they would rather be. And that places Florida at the top of the list.’’

Why Is It Hard For Latin Americans To Get A Mortgage Loan In The US?

Latinos or those with hispanic origins have trouble landing a mortgage loan in the US because, first, most of them are unbanked or underbanked. Second, when they are included in this group, they tend to be left out of traditional credit scoring models used to underwrite mortgages.

Foreclosure Start Spike In Florida After Months Of Decline

It is almost a year that the rate of foreclosure has gone down every month. But new foreclosure starts to spike up in Florida in July.