Lately, buying a home has become an exercise in speed and agility. Homebuyers will need to be on their toes in the 2018 home-buying season if they are to snag their dream home. Buyers may have to linger on the market until they find the right home but then need to sprint across the finish […]
New Advantage: High-Balance Purchase/Refinance Loans
High Balance purchase/refinance loan programs for loan amounts from $453,101 up to $679,650 are now available! These loan programs require 80% equity, a mid FICO score of 680, and a maximum Debt-to-Income ratio of 43%. They are priced according to CONVENTIONAL RATE PRICING, not JUMBO pricing, so the savings on both rate AND closing costs […]
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?
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
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 […]
It Suddenly May Be Easier To Get A Mortgage!
Two major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan. First, the nation’s three major credit rating agencies Equifax, TransUnion and Experian will drop tax liens and civil judgments from some consumers’ profiles if the information isn’t complete. Specifically, the data […]
The TRUTH about Credit Inquiries & Your FICO Score
How much will inquiries really affect your FICO score? 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 record straight? -Donnie from Nebraska […]
