Tag: mortgage

'Mortgage Refinancing Is Getting Both Popular and Troublesome

The popularity of mortgage refinancing is on the rise once again. However, many are bothered by mortgage applicants improperly using their homes as a mortgage.

FHA Announces Expanded Loss Mitigation Options, More Than 4 Million Homeowners With Mortgages to Benefit

'FHA Expands Home Retention Measures, Wells Fargo Updates Non-Conforming Refinance Guidelines

The Federal Housing Administration has expanded home retention measures while Wells Fargo has loosened its jumbo lending requirements for current customers.

Pay Down your Mortgage Faster or Invest that Cash.edited

'Should You Pay Down Your Mortgage Faster or Invest Your Cash?

To help you make a significant decision, we prepared the pros and cons of investing and paying down your mortgage.

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'How to Choose the Right Mortgage Lender for You

For most homebuyers, first-timers, in particular, the mortgage process is the most intimidating. But it doesn't need to be. What you need to do before you start the process is to know the basics of mortgages.

By Staff Reporter
'Everything You Should Know About Mortgage Forbearance

When we are faced with financial hardships, we need all the help that we can get to tide us over until we get back on our feet. If you are a homeowner, a mortgage forbearance can be an option to buy you time while you sort out your financial problems without worrying about penalties or foreclosure.

By Staff Reporter
'Mortgage Applications Surge 54% From Early April, Latest Report Says

The U.S. housing market is showing signs of recovery as homebuyers resume their home searching activities thanks to the easing of lockdown measures happening in many states

By Staff Reporter
'Foreclosure, Eviction Moratorium Extended as House Passes "Heroes Act"

The moratorium on evictions and foreclosures for by Fannie Mae and Freddie Mac-backed mortgages has been extended until June 30, 2020, at least, the Federal Housing Finance Agency (FHFA) announced last May 14, 2020.

By Staff Reporter
'Home Purchase Loan Applications Rise for Yet Another Week, Survey Says

For the third week in a row, home loan application volume has increased, thanks to the strong growth seen in Texas, Arizona, and California, a survey says.

By Staff Reporter
'How to Maintain a Good Credit Score

There are different things you can do to maintain a good credit score to have a better chance of getting loan approval. Here are some tips.

By Staff Reporter
'Mortgage Applications Continue to Drop Following Slight Rate Gain

Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30-year fixed rate mortgages. Industry experts are also expecting to see a rate hike in June.

By Staff Reporter
'Your Credit Card Paying Habits Can Affect Your Chances of Buying a Home

The entire process of buying a home – from looking for one to sealing the deal – is a long and tedious one. While having a good credit score is definitely a must if you want to apply for a mortgage, a recent report shows that your credit card bills may also affect your chances of getting an approved mortgage application.

By Staff Reporter
'Real Estate News: Millennials are Moving to the Suburbs

Millennials comprise the majority of would-be homebuyers, which is why several companies are on the look out for buyers coming from this generation. A recent report shows, however, that millennials are no longer choosing to live in main cities and are instead moving to the suburbs. What are the implications of their move?

By Staff Reporter
'Slight Increase in Interest Rates Causes a Drop in Mortgage Applications

A lot of buyers have been flocking the market in this busy spring home buying season because of the low mortgage rates. While a lot of people are taking advantage of the rates nearing its lowest in three years, a recent report shows that there was a drop in the number of mortgage applications because of a slight increase in the interest rates.

By Staff Reporter
'House Buying Tips: How to Find the Best Mortgage Company for You

Mortgage payments are long-term commitments, as you will most likely be paying it for 15 or 30 years of your life depending on your term. Given this long commitment, you may want to choose for the best mortgage out there for you, as this will determine the payments you will be making for quite some time. How do you know which mortgage company or lender is best for you?

By Staff Reporter
'How to Get an Approved Mortgage Even Without a Full-Time Job

Applying for a mortgage is a long and tedious process, which requires the submission of a handful of financial documents to prove your capacity to pay the loan. While having good credit scores is one of the requirements to getting an approved mortgage, having a full-time job also provides security for the lenders. Can you still get an approved mortgage if you do not have a full-time job?

By Staff Reporter