If it’s your first time buying a home, you’re may be a little overwhelmed by all of the loan options that are available. One popular type of loan is an FHA loan, which means it is mortgaged by an FHA-approved lender and insured by the Federal Housing … [Read more...]
Biggest Drop in Decades for Mortgage Rates
According to a study completed by Freddie Mac in its Primary Mortgage Market Survey (PMMS), the average 30-year fixed-rate mortgage has dropped 22 points. This is the biggest drop one-week drop in 10 years and may give the housing market a boost just … [Read more...]
Real Estate Effects as Government Shutdown Hits Record Stretch
While many federal agencies crucial to the business are operating normally, a prolonged partial government closure threatens to disrupt mortgage applications. Some departments are open and some are closed. If you are … [Read more...]
Before You Apply For a Mortgage
Check out this useful info from U.S. News & World Report - there is more on their website Before you apply for a mortgage, you should make sure you’re in a good position to qualify for the best loan possible. It’s a good idea to check and … [Read more...]
Your Rights As a Borrower
When you shop for a mortgage loan, you have certain rights that are guaranteed by the federal government’s Consumer Financial Protection Bureau. Knowing your rights will help you get the best loan possible. You have the right to: Receive … [Read more...]
12 Topics You Should Discuss With Most Lenders
When thinking about taking out a home loan, here are some of the questions you might want to ask the loan officer: Are both fixed and adjustable-rate loans available? What is the Interest Rate? What is the total origination charge? How … [Read more...]
