mortgage

Mortgage Pre-approval Interview Questions You Should Prepare For

Pre approval interview is your next step after you have completed your initial mortgage pre qualification. When meeting with your lender or mortgage advisor, you should prepare yourself with the answers the lender is waiting to hear. You should be able to come out as a person who is fully capable of paying mortgage and not a person who can appear as high risk. Here are some of the questions you should prepare yourself to hear as the lender digs into your financial background:

'Ellie Mae' Set to Acquire Brentwood- Based Real Estate Management Software

Ellie Mae, a mortgage software firm is set to acquire a Brentwood-based database management and marketing software firm for loan originators, the Mortgage Returns.

How Much Should You Budget for Closing Costs? Breakdown Of Closing Costs

If you're about to buy your new home, you're probably doing all that you can to save up and budget your income to make sure that you don't encounter any financial difficulties in your purchase. After all, the home's price isn't the only amount that you have to save for. Other expenses that comes with home buying are also some of the things that you should expect to pay for.

5 Greatest Fears of Home Buyers

Behind the dream of owning a house are fears that may prevent you from finally making a purchase. Learn how they can be properly addressed.

Implementation of New TRID Caused Mortgage Applications to Plummet with 28%

Mortgage application market has experienced a surge before a new TRID take into effect which made the applications jumped with 25 percent. However, mortgage applications dove down with 28 percent last week after the new TRID has taken effect.

Bank of America Has Released its Income Report for the Third Quarter

Bank of America has released their income report for the year's third quarter. The report indicated an "originated $13.7 billion of first-mortgage loans and $3.1 billion of home equity loans."

New Mortgage Policies Caused Uncertainty in Mortgage Industry's Future

Mortgage Bankers Association is set to hold their annual convention for this year and many topics are in line to be discussed. As the new mortgage policy has already taken into effect, what will be the significant changes in the mortgage industry the policies will bring?

Mortgage Rate Hits Lowest Record in Six Months with Less Than 4%

Strong U.S. dollar and robust employment has once again made the mortgage rates hikes to be postponed which makes an average 30- year mortgage rate to reach lower than 4 percent.

Atlantic City Real Estate: Foreclosure Rates Nearly Four Times the National Average

Atlantic City is now gaining quite a reputation for being the one with the highest foreclosure rate in the United States.

Real Estate News: Disbarred Attorney Made Over $1 Million on Real Estate Scam

A disbarred lawyer is being indicted for allegedly making over $1 million in a scam that targeted an investor, potential home buyers, and a title insurance company.

UK Watchdogs Set to Investigate Suspicious Mortgage Rejections

United Kingdom's watchdog is now starting to investigate suspicious mortgage rejections of various home buyers.

Mortgage Application Surges with 25.5% Due to New Mortgage Rules

Mortgage application increased with 25.5 percent as mortgage rates lowers and borrowers rushed to file their applications before loan disclosure changes again.

Rise in Mortgage Rates Will Cause Unaffordability Among Canadians

Bank of Montreal's Wealth Institute released a survey showing that one in six Canadians will not be able to pay their monthly mortgage payments should interest rates increase which can add another C$500 into their monthly payments.

Fifth Third Bank Set to Pay $84.9 Million Over Civil Fraud Lawsuits

Fifth Third bank is set to pay more than $84.9 million to settle US civil fraud lawsuits after failing to report defects in more than 1,400 mortgage loans.

New Mortgage Rules Made Applications Easier for Lenders and Home Buyers

New mortgage rules has taken effect starting this month providing home buyers two new forms from their lenders detailing their loan terms.

Mortgage Applications Fell 6.7% Despite Rate Decrease

Mortgage Bankers Association have released their weekly report on Wednesday and the report revealed that mortgage applications decreased despite of the rate decrease.

Understanding Mortgage Closing Costs

Amusing as it may be, closing costs rose by 6% from last year despite this year's low mortgage rates. This is partly caused by the stricter regulations on loans which increases the costs for banks, and these costs are technically passed on to the consumers.

Real Estate: 4 Reasons To Refinance Your Mortgage

Refinancing sounds like a nice idea if you think about the amount of money you can save per month; that should get you a nice car, new furniture, a family vacation, or a fatter savings account. However, it is not as simple as that. Though the low interest rate is tempting, it still doesn't mean that it's the right option for you.