DIY: Three Ideas for Your Home this Summer Even if you didn’t quite get to all the spring cleaning that you had planned on, you can still tackle a few easy DIY projects around the house this summer. The following three projects are not only easy, they will also make your home safer and more Read More »... Read more ›
It’s a good time to sell your home now! The most recent National Housing Survey has indicated that Americans are feeling more confident about their employment situation and more optimistic about home pricing and interest rates. The numbers are showing a very encouraging trend: A record survey high of 42 percent of survey respondents now say that Read more ›
Mortgages for Second Homes & Investment Properties The terms “Investment Property” and “Second Home” are sometimes used interchangeably to describe real property that is not an individual’s primary residence. While they do share characteristics there are some important differences worth knowing when it comes to Mortgage Basics. Investment Properties An investment property is a property Read more ›
Your Reward For Great Credit Here’s a little secret: All mortgage lenders—from the medium-sized folks like Box Home Loans to the “big boys” like Wells Fargo and Bank of America—ultimately sell the majority of their loans to an end-investor. For example, Bank of America may take your payments but they have most likely sold your Read More »Read more ›
Have You Been Denied on a Loan Application? The Mortgage Bankers Association says that mortgage lenders end up rejecting around one of every two applicants requesting a refinance on their mortgage today. Around 30 percent of new mortgage applicants are also denied. This denial, whether for a new mortgage or for a refinance, can certainly Read More »Read more ›
Mortgage rates Trended down Late last week after the release of weak economic data, including a higher unemployment rate and mortgage rates trended down! This is after last month saw a slight increase, according to Freddie Mac’s Primary Mortgage Market Survey. Fortunately for current and prospective homeowners, interest rates continue to be very affordable. Through early R... Read more ›
Why are you refinancing? Are you trying to save money on interest, get out of onerous loan provisions, or are you simply trying to stay in your home with a lower monthly payment? Identifying your goals at the start will help you make a plan that meets your needs. How does the new home loan compare to Read More »... Read more ›
Some things to look out for when you’re preparing for a relocation Experts agree that relocating is one of the most stressful life situations individuals face, especially considering that it is often a result of a new job opportunity. So before contemplating a stressful move, it’s important to prepare against the unforeseen changes a relocation Read M... Read more ›
Why does private mortgage insurance exist? If you don’t have a lot of money to put down on a mortgage, you will probably be required by your Lender to pay for private mortgage insurance. Many Lenders would otherwise be unwilling to take on the risk of a loan with a down payment lower than 20% Read More »... Read more ›
Home Equity Line of Credit If you own a home and need access to cash, a home equity line of credit (HELOC) is an option you may want to consider. Depending on the amount of equity in your home, you could have access to the cash you need at reasonable interest rates. Although HELOCs have Read More »... Read more ›
