Below you'll find a list of all posts that have been tagged as “mortgage”
After a long and tiring search, you’ve finally found your dream home. Now the work and waiting really begins as you line everything up to work toward a closing date for what will hopefully be your new home. If you have applied for a mortgage loan as part of the home buying process, make sure you think about all of …
If you have ever purchased a home, you have likely heard the names Fannie Mae and Freddie Mac mentioned several times. These two names are some of the most important in the real estate world, but have you ever wondered what the meaning is behind these names that have shaped the housing market in such a manner? These government-sponsored entities …
Buying a home is a thrilling time in a person’s life, but it’s not a situation you want to jump into without preparation, particularly if you have debt. If you’re planning to buy a home within the next year, there are steps you can take to better your position and make you eligible for better loans at lower rates. Use …
Maybe you’ve recently purchased a fixer-upper and you’re ready to turn it into your dream home. Or, perhaps you purchased your dream home years ago and over time it has turned into somewhat of a fixer-upper. Regardless of the reason for your repairs, you may find yourself needing a home renovation loan to complete the work. Renovation loans can come …
We all do it within our own industries – we toss acronyms around in written and verbal communication as if everyone will be familiar with their meaning. And just like in your area of expertise, you will see acronyms all over the place in the real estate world. Some of them have become common knowledge, while others may be confusing …
You know before you get very far into the house-hunting process that there will be closing costs when you purchase a new home. You will hear them discussed by your mortgage originator, real estate agent, and likely many of the people you discuss your home buying process with. But do you know what the fees actually are? We’re here to …
According to a recent article released by the National Association of Realtors, mortgage rates could continue tumbling over the next year and eventually reach all-time lows. In fact, in Fannie Mae’s Housing Forecast report, economists predict that the average 30-year fixed-rate mortgage for 2020 will fall to 3%, and then possibly go even lower to 2.9% by 2021. This means …
According to a recent article printed in Realtor Magazine, “borrowers who are unable to make their monthly mortgage payments due to COVID-19, also known as the coronavirus, have options to postpone payments.” The move has been made by the Federal Housing Finance Agency, which is offering forbearance options to those who are affected by the virus that is continuing to …
