According to a CNBC report published on January 7th, 2019, buydown mortgages may begin to increase as mortgage interest rates in the U.S. go up. Although it’s been an uncommon buying strategy over the … [Read more...]
Seven Major Types of Mortgages You Should Understand
Mortgage programs regularly change; however, the major types of mortgages generally remain the same. So, here is a review of the major types of mortgages all homebuyers and homeowners should … [Read more...]
Sweat Equity Mortgage: Pay Mortgage Down Payment and Closing Costs with Sweat Equity
In the United States, many homes are aging out of usefulness, providing opportunities for homebuyers to purchase them at a low price and invest their sweat equity to remodel the home. To help these … [Read more...]
203(K) and HomeStyle Renovation Mortgages: Buy and Renovate a Home with One Mortgage
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...]
