Understanding The Most Common Types Of Mortgage Loans

house-insurance-419058_960_720

Trying to understand the most common types of mortgage loans can be confusing. Read below for more information, or if interested get pre-qualified fast! CONVENTIONAL MORTGAGE LOANS A conventional mortgage loan can be used for refinancing or the purchase of a primary, secondary, or investment property. They are not insured by the federal government so […]

No More Private Mortgage Insurance

house-insurance-419058_960_720

Get Rid of Private Mortgage Insurance in 2021! We are entering 2021 and homeowners will now be able to enjoy the dual blessing of rising home values and low rates. Home values have significantly increased during 2020 and rates have been at historic lows. This puts current homeowners in a fantastic position to refinance out […]

REFINANCING COULD SAVE YOU THOUSANDS NOW

house

Did you know that, surprisingly, rates actually fell at the end of 2019, and now with the average fixed rate for a 30 year mortgage being below 4%, many homeowners can save lots of money by refinancing their existing loans in 2020! There are even lenders out there that now have flexible terms, meaning that […]

Benefits If Using A Mortgage Broker

real estate agent holding a home in hand

Working with a mortgage broker has advantages over going directly to a lender, bank or credit union to obtain a mortgage. By using a mortgage broker, consumers can not only save money during the loan process, but they’ll obtain more loan options and they’ll also have someone to explain the fine print to them, which […]

Mortgage Applicants Prefer Loan Officers to Online Forms

While a recent survey has found that  the majority homebuyers use on-line resources to research and ascertain information, when it comes to applying for a mortgage loan, most agreed they would rather apply for a mortgage loan directly through an actual loan officer. Huh… can you imagine? In THIS day and age? Seems even while […]

Should I Rent or Buy a House?

pexels-photo-106399

The Rent Race If low mortgage rates weren’t enough to push you toward home buying, the latest rental analysis might be. The trends show that rising rents are causing almost 20 percent of today’s renters to struggle with monthly payments. Plus, it’s not just America’s lower-earning residents who are having trouble keeping up with rents. Those […]

Education Will Ease the Consumer Experience

pexels-photo-106399

Millennial homebuyers will be a key group in the housing and financial markets in the upcoming year and since millennials are more educated about consumer choices than prior generations, they will be seeking more education about the available loan products and the loan process itself. While financial technology is accelerating rapidly and providing new opportunities […]

Guarding Against Identity Theft

Guarding Against Identity Theft  For those of you that are freaked out about the possible dangers from the Equifax breach, please keep reading! A fraud alert allows creditors to get a copy of your credit report as long as they take steps to verify your identity. For example, if you give the bureaus a phone number, […]