Refinancing Demand is High. Is This the Perfect Time to Refinance?

Homeowners commonly choose to refinance for a variety of good reasons. Mostly, it is to score better mortgage terms–whether it is to lower your interest rate, shorten your term, remove mortgage insurance or any other personal benefit. According to recent news,...

How Much Higher are Mortgage Rates for an Investment Property?

Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more...

Why Should You Get a Mortgage Pre-approval First?

It’s quite easy to get caught up in the excitement of looking for a home to buy. But within your home buying journey, establishing that you’re a serious buyer is a plus. Usually, this can be established through a mortgage pre-approval.Buying a new home is a...

Should you Buy or Build a House?

It’s time to take the plunge and buy your own house. It’s an exciting time! Before you start the process, though, you have to decide if you should buy or build a house.Looking for Current Mortgage Interest Rates? Click Here.There are many factors that go into this...

How Does A Mortgage Credit Certificate Work?

As a new homeowner, you may be eligible to buy a Mortgage Credit Certificate. This certificate enables you to a tax benefit when you file your federal income taxes. You buy the certificate at your closing, but you don’t use it until it’s time to file your taxes.Get...

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...

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Fed Defers Rate Hike as CPI Remains Unchanged

The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that...

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Homebuying Tips for the Season

Seasonality is probably something you did not think about when you first decided to get a home. But it’s a big factor in homebuying and could dictate the price options that are available to you.Aside from inventory and demand factors, there are also quite a checklist...

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Fed Raises Benchmark Rate Again, How Will This Affect You?

The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this...

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