The future of mortgage rates is a hot topic right now and nobody has a crystal ball that will enable them to see into the future. Although it is impossible to predict what interest rates will do, the consensus shared by many real estate industry analysts and experts is that they should remain low in […]
5 Funding Sources to Consider for A Down Payment
When you first discuss your home buying intentions with a loan officer or mortgage lender, one of the first questions they’re going to ask is “how much of down payment will you be contributing and where are you getting the funds from?” Many home buyers today believe that a 20% down payment is required. Everyone […]
Eliminate Your Debt with a Cash-Out Refinance Loan
Since the onset of the COVID-19 pandemic, debt has become a significant issue for many Americans. This includes credit card debt, home mortgages, medical expenses, student loans, and vehicle loans. While it may seem that there’s no relief in sight from these high interest balances, there are certain steps that can be taken to eliminate […]
What Lenders wish prospective Home Buyers knew before applying for a Home Mortgage
Whether you’re buying your first home or upgrading to a larger one, the home buying process can be stressful if not somewhat intimidating. From finding a realtor that can accommodate your needs to getting the ideal mortgage, it can be overwhelming. You can alleviate that stress by doing a little research before getting started. Remember, […]
Is Lender Paid Mortgage Insurance or LPMI Right For You?
Many prospective home buyers often have an adverse or negative reaction to the words “mortgage insurance” because they’ve heard that it’s a bad thing. But is it? The buyer is required to pay mortgage insurance whenever the amount of their loan exceeds the value of the home by 20%. What most homebuyers aren’t aware of […]
