The homebuying season has begun, and so far, the Midwest and Northeast Markets see the most success. The early success from these markets signals buyers are eager to purchase homes now rather than … [Read more...]
What Factors Determine Mortgage Rates?
When applying for a mortgage loan, it is beneficial for homeowners to understand the factors that affect mortgage rates. Some of these factors can be controlled by the homeowner, while others are out … [Read more...]
FHFA Refinance Program Could Save Homeowners Hundreds Every Month
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will soon offer a new refinance program for low-income borrowers. Eligible borrowers will have access to a … [Read more...]
Why Homeowners Should Refinance Their Mortgage
Refinancing a mortgage is a process that involves paying off a current mortgage loan and replacing it with a new mortgage loan. While refinancing is a big decision, there are several reasons why … [Read more...]
What is Mortgage Escrow, and How Does it Work?
During the homebuying process, mortgage lenders may use the term "escrow" from time to time. Lenders can use the word "escrow" in several different contexts. However, they typically refer to escrow as … [Read more...]
Florida Housing Market is Booming
At the beginning of 2020, home sales declined as the pandemic took hold of the U.S. However, partly powered by historically low interest rates, the market picked up during the summer and hasn't … [Read more...]
Lakeland Florida Ranked #1 Fastest-Growing Retirement Town
The number of retired Baby Boomers more than doubled in the United States, with 3.2 million more Baby Boomers retiring last year than in 2019. The rise in retired workers has impacted retirement … [Read more...]
PITI: 4 Components of a Mortgage Payment
PITI is an acronym for the four components of a mortgage payment: Principal, Interest, Taxes, and Insurance. When evaluating a homebuyer's maximum mortgage loan eligibility, lenders consider these … [Read more...]
Signs of a VA Home Loan Refinance Scam
Veteran homeowners are often the target of dishonorable mortgage companies trying to take advantage of those who served our country. According to a Consumer Financial Protection Bureau’s VA "Warning … [Read more...]
Upfront Cash Needed to Buy a Home
The upfront costs of buying a home, including a down payment, are a major barrier for many prospective homebuyers. So we want to address a common question, "How much money do I need to buy a … [Read more...]
