Mortgage Applications Slide Down in Latest Weekly Survey

In the week ending July 7, the volume of mortgage applications had acutely gone down 7.4 percent for the previous week. This data** is reported by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.SURVEY HIGHLIGHTSThe overall Market...

Home Improvement Projects That Add The Most Value

Did you know that not all home improvements have a good return on investment? It sounds crazy, but you can put thousands of dollars into a repair and see very little of that amount back in the home’s improved value. In other words, you should do your research before...

Turning Homeownership into Reality

Homeownership is an exciting experience.More than a goal, it is a journey. For it to be meaningful, it has to be experienced. Homeownership is very personal. However, all homeowners have one common desire — to keep their homes, where they feel safe and secure.Turning...

Tips for Successful Refinancing

One of the most important tips to know when you decide to refinanceis: “never rush.” A lot of people end up paying more than they should or not getting what they originally intended to have with their re-mortgage because of inadequate planning, or going over the...

Fannie Mae Removes Cash-out Seasoning for Properties Listed for Sale

It’s not everyday that a home is sold in a month or less. Some properties remain unsold on the Multiple Listing Service (MLS) for six months. What if a homeowner has a change of heart and decides to do a cash-out refinance instead? What about the usual cash-out...

How to Get a Loan to Buy Land

Do you plan to buy land that doesn’t have a home on it yet? You may not be able to get a mortgage, even if you have the good intention of building a home on the land ‘someday.’ Mortgage lenders don’t like to take the risk on unimproved land. It doesn’t hold its value...

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Five Facts About FHA Loans

FHA loans are one of the more popular options for mortgage borrowers, some of the benefits of using an FHA loan is it offers lower down payments and they have more lenient lending standards. The Federal Housing Administration, also known as FHA, insures mortgage loans...

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How to Change a Deed When you Inherit Property

Inheriting property can be exciting, but it can also come with a lot of legal paperwork. You can’t just transfer a home over to your name without going through the proper channels. Either the appointed executor of the will or a member of probate court will need to...

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How Much Should a First-Time Homebuyer Put Down?

If the thought of saving 20% of your purchase price for a home has you panicking, don’t worry. You don’t necessarily need a 20% down payment, especially as a first-time homebuyer. You may have access to several programs that allow as little as 3.5% down on a...

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