What Does a Demand Feature Mean in a Mortgage Loan?

Did you pay attention when you signed your closing documents? Do you know the fine print that was provided to you? If so, do you know if your loan has a demand feature? Compare Offers from Several Mortgage Lenders. Don’t worry if you don’t know, as many borrowers are...

How Much Does a Rate Lock Cost?

Before you can close on a mortgage, you have to lock in the interest rate. No matter how hesitant you are, at some point you have to be willing to lock it or you can’t close on the loan. Just what is that rate lock going to cost you?Looking for Current Mortgage...

Rates Hit New Year-Low

If you are buying or refinancing, now might be the perfect timing to lock in on your rate. According to the latest Primary Mortgage Market Survey(PMMS) Report from Freddie Mac, average mortgage rates just hit the year’s lowest as 30-year FRM fell by 7 basis points to...

Risks Involved in Buying a House With Unpermitted Renovations

Buying an existing home can be exciting and scary at the same time. While you would hope the seller discloses everything there is to know about the home, that’s not always the case. One area they often cover-up, whether knowingly or unknowingly, is with unpermitted...

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...

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...

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Senate Okays Housing Opportunity Through Modernization Act

After Brexit, more exciting news and developments are coming to homebuyers as the senate passes the Housing Opportunity Through Modernization Act. Once it becomes law, HOTMA will open ample opportunities for low-to-moderate-income homebuyers who would like to initiate...

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Property Listed for Sale – Can you Refinance It?

You listed your property for sale, but it is taking a long time to sell. In the meantime, you decide to refinance. Why not save some money while you wait for your house to sell? Or maybe you want to take cash out to fix the home up in the hopes that it will sell...

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How Do You Maximize Your Open House Visit?

So you decided to buy a new home. You then scoured for hours looking for an affordable and suitable property online, compared lenders and processed your financing documents. Before long, you’ll be on the lookout for sale signs on the street and if you’re lucky,...

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