fbpx
There have been some gradual rumblings in the mortgage industry but the released data seems a bit too small to make any news by itself. For example, at the most recent round of FOMC meetings last December, the Fed...
Real estate in any region is rarely in what is referred to as “equilibrium.” Equilibrium states that neither a buyer nor seller has the upper hand in negotiations due to a balanced real estate market for Home Buying. Often times,...
When applying for a mortgage, buyers need to consider the type of loan programs available as well as the down payment requirements for each program. In addition, borrowers will need additional funds to pay for closing costs associated with getting...
Conventional Loans Conventional loans, those that are underwritten primarily to guidelines set forth by Fannie Mae and Freddie Mac have been around in some fashion since 1967, when Fannie Mae became its own government-sponsored corporate entity followed by Freddie Mac...
Sometimes it appears the VA loan is a gift that just keeps on giving. That might be hard to explain to those outside of the mortgage industry but when you begin reviewing the benefits the VA home loan program...
Coming up with funds to close on a home purchase is perhaps the single greatest barrier first time home buyers face. At least there are still too many who believe that. Yet despite the easy access to information and...
The History of Credit Scores Over the years, credit scoring has matured into a required tool mortgage lenders use to quickly evaluate a credit application. Yet credit scoring isn’t necessarily a new invention. Even before the three digit number became a...
We have to admit the mortgage industry has sort of made a mess as it relates to terminology. While every industry has its own unique set of words, for example the term discount points. Also used in the course...
When you first make an offer on a home and produce an earnest money deposit those funds are held by a third party and released when the sale concludes. Funds are held in escrow at the escrow company that...
Please read the official press release at http://www.prweb.com/releases/2015/11/prweb13062290.htm