Fannie Mae made it easier to qualify for a mortgage by raising the debt-to-income ratio. Many people who may not have qualified for a home mortgage earlier this year may now qualify. Learn about … [Read more...]
4 Homebuying Tips for Tech-Savvy Millennials
Millennials are more tech-savvy than previous generations. They grew up with technology, have an innate knowledge of how consumer electronics work, and expect technology to make their lives more … [Read more...]
It’s Easier for Homebuyers with Student Loans to Qualify for a Mortgage in 2017
Many people wanting to buy a home can afford the monthly payment, but can’t qualify for a mortgage because of student loans. To help solve this problem, Fannie Mae implemented new rules this year that … [Read more...]
How To Drop Private Mortgage Insurance (PMI) Without Refinancing
One of the most popular questions from homeowners is how to drop private mortgage insurance (PMI). For some homeowners, refinancing is the best way to drop PMI, because they can also lower their … [Read more...]
LIBOR-indexed ARMs
Although ARMs (adjustable-rate mortgages) are not the best option in every situation, they are helpful in certain situations when financing a home. So in this article, we explain the basics of … [Read more...]
CMT-Indexed ARMs
While financial jargon like CMT-indexed ARMs can be a bit overwhelming at first, all that it takes is a little bit of research to understand the various concepts. So in this article, we discuss … [Read more...]
What is a Mortgage Broker?
A mortgage broker acts as an intermediary between the borrower and the lending institution. The broker's principal job is to find a bank or direct lender for the borrower's home loan, which should … [Read more...]
Pros and Cons of a Fixed-Rate Mortgage
There are several different things to consider when getting a mortgage, including whether you want a fixed-rate mortgage or adjustable rate mortgage. In the end, most people will decide that a … [Read more...]
Importance of a Home Mortgage
It’s a very exciting moment any time someone purchases a home. It’s a big undertaking, but it is a happy one too. For homebuyers, it's a dream come true. And for Realtors, it's a chance to help a … [Read more...]
6 Money-Saving Reasons To Refinance Your Mortgage
In the last several weeks we have seen a definite increase in consumers questioning whether they should refinance their mortgage. With interest rates remaining low and changes in mortgage insurance … [Read more...]
