With the volatility in the housing market in recent years, this is one of the most common questions we receive from borrowers. Many borrowers experienced one of these issues and are now 2-3 years … [Read more...]
Mortgage Rates on the Rise: February 2014
Mortgage rates are constantly fluctuating. Rates generally declined in 2014, until earlier this month, when the 30-year fixed-rated mortgage and 1-year adjusted rate mortgage climbed … [Read more...]
Mortgage Calculator
A mortgage calculator is one of the many online tools that help you estimate a home loan payment. The Marimark Mortgage mortgage calculator has some great features that will help you decide what … [Read more...]
You May Need a Credit Score From Three Major Credit Bureaus For a Home Loan
In this climate of an improving housing market, it can be a challenge to get a home loan. To add to the challenge, many prospective home buyers aren't aware that they may need a credit score from 3 … [Read more...]
New Mortgage Rules: How will they affect you?
On January 10, 2014 new mortgage rules from the Consumer Financial Protection Bureau (CFPB) were implemented by lenders. There are two basic components of the rules: The Ability to Repay Rule (ATR) … [Read more...]
How will a job change affect my ability to qualify for a home loan?
I am often asked by borrowers whether changing jobs will affect their ability to qualify for a home loan. Whenever you are in the process of buying a home or contemplating buying in the future it is … [Read more...]
More FHA Changes
Many people are aware of the FHA changes that took place in April, which again increased mortgage insurance premiums. However, you may not be aware of the more recent changes that went into effect on … [Read more...]
FHA vs. Conventional Loan
What is the difference between an FHA (Federal Housing Administration) Loan and a Conventional Loan? Many people think of the FHA loan as the loan for "first-time homebuyers". In many cases, it is … [Read more...]
USDA Streamlined/Non Streamlined Refinance Programs
If you purchased your home with the USDA Rural Housing Program's 0% down payment home loan, it may be a great time to refinance. Many people are not aware that the USDA also offers home refinance … [Read more...]
Time to buy
From CNN Money Shawn Tully EDITOR AT LARGE,FORTUNE From his wide-rimmed cowboy hat to his roper boots, Mike Castleman fits moviedom's image of the lanky Texas rancher. On a … [Read more...]
