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...

How to Refinance Your VA Loan With Bad Credit

If you have a VA loan now, you may have a way to refinance it even if you have bad credit.Compare Offers from Several Mortgage Lenders.Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender...

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...

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...

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...

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...

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When is the Appraisal Ordered in the Loan Process?

An appraisal is necessary to ensure there is adequate collateral in a home. Your lender will require the appraisal prior to clearing your loan to close. At what point does the lender order the appraisal, though?Looking for Current Mortgage Interest Rates? Click...

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