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...]
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...]
Temporary Subsidy Buydown Mortgages
Most of the time, mortgage borrowers have the option to save money by buying down their mortgage, either permanently or temporarily. Although mortgage buydowns can help many homeowners, each borrower … [Read more...]
You Could Save Money With A Mortgage Recast
If you are looking to save money, and refinancing your mortgage is not a good option, a mortgage recast (also known as reamortizing) may lower your monthly mortgage payment. What is a Mortgage … [Read more...]
Appraisals Not Always Needed for Fannie and Freddie Mortgages
According to reports from Fannie Mae and Freddie Mac, both companies are waiving appraisal requirements in some circumstances. This is because their automated software is able to use previous and … [Read more...]
Lower Mortgage Delinquency Rates Signal Strengthening Housing Market in 2017
Lower mortgage delinquency rates may be signaling a stronger housing market for the remainder of 2017 and into 2018, as the U.S. economy continues to improve. Mortgage delinquency rates are at a … [Read more...]
Fannie Mae Made It Easier to Qualify for a Mortgage July 29, 2017
Fannie Mae raised the debt-to-income ratio ceiling from 45% to 50%, as of July 29, 2017. This change opens a world of possibilities for many people who have previously been unable to qualify for a … [Read more...]
4 Questions to Ask Before Refinancing
Refinancing your mortgage is a great way to reduce your monthly payment or take out some of the equity in your home. So, let's take a look at 4 questions you should ask yourself if you are thinking … [Read more...]
