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...

The Top Reasons Some Mortgages are Too Risky

Many people need a mortgage if they want to buy a home. Unfortunately, mortgages are not a one-size-fits-all approach. Some borrowers need specific features in order to qualify. However, some of those features may be considered ‘risky.’ Are they too risky for you?Get...

Taking out a Reverse Mortgage? You Might Want to Read CFPB’s Warning.

The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits.In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the...

Mortgage Interest Deduction Guidelines For Second Mortgages

If you own a home, you probably want to take advantage of the many deductions you are eligible to receive at tax time. Even though the tax guidelines changed for 2018, you may still be able to deduct not only the interest on your first mortgage, but the interest on...

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...

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...

read more

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,...

read more

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...

read more

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,...

read more