Are you Ever too Old to Qualify for a Mortgage?

Can you be too old for a mortgage? According to the law, you cannot. A lender cannot discriminate against you for your age. But they can deny your application for other reasons, such as credit issues or debt ratio problems.Compare Offers from Several Mortgage...

Cash-out Refinances Pick Up, Plus Other Housing Trends in 1Q17

Refinances, particularly cash-out refinances, picked up during the first quarter of 2017 per Freddie Mac’sHousing Outlook in May. This resilience in refi activity, combined with declining mortgage rates and rising home prices, made Freddie to revise its projections...

Tips for Getting Around the Mortgage Lender Runaround

Once you have a mortgage, you want to know that your loan servicer will respond to your inquiries or requests. Unfortunately, that’s not always the case. Thousands of complaints are filed against mortgage lenders every year for lack of communication and/or help with...

Why Are Investment Property Mortgages More Expensive?

If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more – it comes down to the risk. Compare Offers from Several...

S&P/Experian: Default Rates on First, Second Mortgages Rise in October

“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their...

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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