Many homebuyers like to purchase a fixer-upper and rehab it themselves, resulting in getting a lower price for the home and immediately building equity. Fortunately, there are multiple options for a … [Read more...]
Conforming Home Loan Limits Increased in 2019
Every year, the Federal Housing Finance Agency (FHFA) adjusts the limits for conforming home loans to account for the change in home values. At the end of 2018, the FHFA announced new loan limits for … [Read more...]
Florida Mortgages are Safer, But Tougher to Come By
Florida mortgages have proven to be safer and more transparent, according to Florida Trend. Today, lenders are more concerned about borrowers making the payment for the full term of the loan. As a … [Read more...]
Florida Ranks 3rd Highest for Mortgage Application Fraud Risk
Why is it important to select a highly reputable mortgage broker in Florida? According to CoreLogics’s 2018 Mortgage Fraud Report, Florida ranks 3rd in the U.S. for risk of mortgage application … [Read more...]
90 % of Mortgage Borrowers Prefer Person-To-Person Communication with Lenders
Whenever we make a major decision, we like to personally talk to the people who are most involved. So, it makes perfect sense that mortgage borrowers still prefer person-to-person communication with … [Read more...]
Mortgage Lenders and Real Estate Agents Still Beat Online Sources for Mortgage Information
The first step in the homebuying process is to do research and get preapproved for a mortgage. Many people may assume that internet research is most important to homebuyers, but according to a recent … [Read more...]
Housing Confidence Up On Rising Renter Optimism at End of Q3 2017
The housing market continues its strong push through 2017. Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased by 0.3 points to 88.3 in September, matching the all-time high set in … [Read more...]
Lenders Continued to Ease Home Mortgage Credit Standards in Q3 2017
Lenders continued to loosen home mortgage credit standards in Q3 2017, per a report from Fannie Mae’s 2017 Mortgage Lender Sentiment Survey. This is good news for homebuyers getting a mortgage, and … [Read more...]
Baby Boomers Less Likely To Retire Mortgage-Free
The last remaining Baby Boomers to retire should be entering their golden years over the next few years. A change we are seeing with Baby Boomer retirees is that they are less likely to retire … [Read more...]
Mobile Usage for Home-Buying Increased Significantly
Over the years, mobile Internet usage has increased significantly, changing nearly every industry. Not surprisingly, innovation in the mobile industry is changing the way people buy a home, which … [Read more...]
