Useful Online Tools to Use for Mortgage, Real Estate

Buying and selling a home has never been as easy as it is today. Most information that has remained solely in the hands of realtors a decade ago are now available to any regular buyer or seller through the networked convenience of the internet. And it is this same...

Rates Up After Fed Meeting

After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week.Get today’s rates.According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market...

Five Common Refinancing Blunders and How to Avoid Them

When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money. While this is true, it is not always that...

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...

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,...

Can you Take Over Someone’s Mortgage if It’s Assumable?

Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.Looking for Current Mortgage...

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Take Advantage of California First-Time Home Buyer Programs

Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA...

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