First Quarter Data Show Good Start For Mortgage Lending

First Quarter Data Show Good Start For Mortgage Lending

It’s a good start for mortgage lending – or at least that’s what the numbers say. In a latest data report released by Equifax, the first quarter of the year has seen increases in mortgage activity, owing to the positive financial wave that Brexit resulted after its...
Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

A study published in July revealed that default rates on reverse mortgages insured by the Federal Housing Administration could be reduced by as much as 50% in light of the agency’s recent rules changes.This development comes as the FHA wishes to codify those changes...
What Alternatives Are There To The Cash-Out Refinance?

What Alternatives Are There To The Cash-Out Refinance?

If you need cash and you have equity in your home, you may automatically turn to the cash-out refinance. Did you know that this isn’t your only option, though? There are other ways you can get the cash you need that don’t involve refinancing your first...
An Outline Of The Home Owning Process

An Outline Of The Home Owning Process

It’s never been easier to own a home. To the bare minimum, the only things you need to own to get a home are:a) an incomeb) a proof of this incomec) a tax information of this incomeNo, you do not need to be a millionaire to own a home. Nor do you need to have no debt....
Top 5 Refinancing Programs For Underwater Mortgages

Top 5 Refinancing Programs For Underwater Mortgages

The U.K.’s vote to leave the European Union on June 23 has opened a window for U.S. consumers to refinance their mortgages as rates have dropped. With rates nearing historic lows, there has been a reported increase in the number of refinancing applications the past...