Should Banks Loosen Standards?
During the mortgage meltdown, banks stopped lending. The pendulum swung extremely far to the other side. It was a much needed correction but they went too far and it became very difficult to get a...
View ArticleBuying A Condo After Foreclosure
New regulations and loan programs are available for condo purchases after foreclosure Portfolio Condo Loan: Portfolio loans are great for condos if you have a 25-30% down payment. You can look into...
View ArticleReasons to Become a Homeowner vs. Renting
“Either way, you’re still paying a Mortgage” Not everyone owns their own home, plenty of people still rent because they don’t want to take on the obligation of a mortgage. Unless you are living...
View ArticleReasons to Refinance your Mortgage
Why should you refinance your home? There’s so many reasons why refinancing can be beneficial for you. First off the most obvious reason, lowering your mortgage rate. If it’s been a couple years since...
View ArticleGoals to Owning a Home in 2015
A new year is just around the corner! 2015 is the perfect year to achieve your goal of owning a home. Because owning a home is such a big financial commitment, you’ll need to make sure that you have a...
View ArticleGovernment to Drop Mortgage Insurance Premiums!
In an effort to expand homeownership among new home buyers, President Barack Obama plans to drop mortgage-insurance premiums charged by a government agency. The annual fees the Federal Housing...
View ArticleSteps to Getting a Mortgage this Spring!
Are you currently renting from a landlord and noticing your rent seems to rise and rise to the point where you’re being squeezed dry? Have you been noticing talk of crazy low interest rates? If you...
View ArticleMortgage Rates are Dropping
Good news for all potential home buyers out there! For the first week of March, Freddie Mac’s weekly survey found that 30-year fixed rate morgages averaged 3.75%, down five basis points for the week...
View ArticleImportance of Pre-Qualifying for a home loan BEFORE shopping!
What is mortgage pre-qualification? A mortgage prequalification is an estimate of how much a lender would be willing to loan you. Once you have given an estimate of your income and assets, the lender...
View ArticleMortgage Rates; Still Significantly Low!
Average long-term U.S. mortgage rates barely moved this week, remaining close to historically low levels as the spring home-buying season gets underway. Mortgage giant Freddie Mac said Thursday the...
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