Assemble a Team to Help You When Buying a Fixer-Upper House

Houses that are move-in ready are a lot more convenient thinking that you don’t have to worry about anything else other than moving in. However, these properties can be very expensive.What makes fixer-upper houses very appealing is the attractive price tag. With some...

What is the Fannie Mae Waiting Period After a Derogatory Event?

Recent derogatory events on your credit report increase your risk of defaulting on a loan in the future. This is especially true if you take out a new mortgage. Because of this, Fannie Mae has a specific waiting period you must go through before you can secure a...

Bottom of the barrel mortgage rates inch higher

After nearly two months of declines, mortgage rates inched higher this week. Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the average 30-year fixed mortgage rate increasing from an average of 3.78 percent to 3.83 percent. This is the first time rates...

Should I Withdraw From my IRA to Buy a House?

The IRS allows a one-time exception for first-time homebuyers that want to tap into their IRA to put money down on a home. That exception saves you a 10% penalty, which could amount to quite a bit of money. But just because you can withdraw the money (even if you...

Where to Get a Mortgage

When you think about getting a mortgage, the first thing that comes to mind is the bank. Of course, banks offer a diverse array of home loan programs, and they are experienced where real estate lending is concerned. But are banks really your only choice when finding...

Good News: Updated Policy On Reconstructed Mortgage Loans

Fannie Mae has new rules that could help you catch up on your mortgage payments.It is important to note the difference between restructuring and refinancing to understand what the updated policy means for you.Loan restructuring, also known as loan modification changes...

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Freddie Mac: Brexit Drives Rates Down, Refi Up

Brexit has played a major role in lowering mortgage rates, which is expected to boost U.S. housing activity particularly refinancing, Freddie Mac said in an outlook for the month of July.On July 12, the government-sponsored enterprise released its monthly outlook,...

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Mortgage Rates Rise So Do Mortgage Applications

With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time...

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Does The Lender Pull Credit On The Day Of Your Closing?

You received your mortgage approval, you figure everything is good to go and you are free to do with your finances as you wish, right? Unfortunately, this can hurt you in the end. Lenders have gotten smarter with their ways, especially after the housing crisis. Now,...

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