REFINANCING COULD SAVE YOU THOUSANDS NOW

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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

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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?

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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

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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, […]

The Truth Behind Down Payments

Homeownership might be the most important goal for millennials, according to a recent report by NerdWallet, however, there is some misunderstanding as to how difficult of an obstacle securing a down payment truly is. NerdWallet commissioned an online survey of more than 2,000 U.S. adults conducted by Harris Poll to discover how Americans understand down […]

Pre-Qualification credit pulls & your FICO score

How much will inquiries really affect your FICO score? by Dave Hershman18 Jul 2017 I am confused about how inquiries will affect a FICO score, especially when someone is shopping with multiple lenders for a home loan. Some say there is no real effect. Others say it can have a negative effect. Can you set the […]