Financial

5 Things You Need to Know About Getting a Second Mortgage

Have you ever considered getting a second mortgage? If so, it's important to answer the following questions: What is a second mortgage? What are the benefits of getting a second mortgage? What are the drawbacks of getting a second mortgage? Why do people obtain a second mortgage? In this article, we'll answer all of these [...]

By |2018-11-16T09:56:01+00:00November 18th, 2018|Categories: Mortgage, Purchase|Tags: , |

The Future of Pre-Qualifying for a Mortgage — It’s Now in One Text

Doesn’t it seem like the first step in accomplishing almost anything is always the hardest? That common paralysis happens to people all the time in a variety of circumstances, especially when decisions can be life-changing. One of those big events under the “life-changing” category? Buying or refinancing a home — something Embrace has a lot [...]

By |2018-11-16T11:47:14+00:00November 16th, 2018|Categories: Company, Purchase, Refinance, Technology|Tags: , , , , , , , , |

Going Beyond Conventional Loans with Millennial Buyers

A recent National Mortgage News headline read, "Mortgage Lenders Must Teach Millennials About Loan Options." ...that's not exactly news. That topic has been covered here at least a few times. With rates up and affordability down, new loan options are exactly what many millennials need to become homeowners. According to Ellie Mae, 68% of the [...]

By |2018-11-15T11:36:34+00:00November 16th, 2018|Categories: Mortgage, Real Estate Agents|Tags: , , |

What to Tell Millennial Homebuyers Who Are Taking Their Time

There are indications that some millennials might be singing that Rolling Stones chorus —"Tiiiiiiiiiime is on my side. Yes it is."— when considering homeownership. Rates, home prices, and a lack of inventory have prompted this generation to take their time. (While seemingly defying time, the septuagenarian rockers are teasing new U.S. concert dates.) Trying to [...]

By |2018-11-08T10:41:21+00:00November 9th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Don’t Meet the Conventional Mortgage Requirements? You Still Can Get a Loan

If you’re planning on buying a house, you’re probably aware of the hurdles that stand in your path to getting a mortgage. Qualifying for a home loan can be an uphill task, thanks to the strict federal regulations that came into effect in the wake of the housing bust. That’s especially true if you’re considered [...]

By |2018-11-02T10:40:08+00:00November 2nd, 2018|Categories: Purchase|Tags: , , , |

A Yale Economist’s View on the Current Housing Market

Placid by definition means "not easily upset or excited." It's not a bad adjective for the housing and mortgage market — especially when being used by a Noble Prize-winning economist who helped create what some consider to be the foremost index for tracking home prices around the country. Placid is something we will take, considering [...]

By |2018-11-01T15:53:24+00:00November 2nd, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

7 Common Fears of First-Time Homebuyers (and How to Get Over Them)

Let's face it: You don't buy a house everyday. And, if you're a first-time homebuyer, the process can be a bit overwhelming. There's nothing to be afraid of, though. Here are some of the common fears first homebuyers face — and how you can overcome them 1. "I've never worked with a real estate agent [...]

By |2018-10-31T14:01:06+00:00October 31st, 2018|Categories: Advice, Purchase|Tags: , |

5 Smart Ways to Use Cash-Out Refinance Money

Cash-out refinances are a great way to access money easily and quickly. The strategy essentially replaces your existing mortgage with a new loan — one that’s bigger, pays off your old one, and gives you cash based on the equity you have in the home. (If you’ve lived there a while, that could be a [...]

By |2018-10-29T10:07:33+00:00October 29th, 2018|Categories: Financial, Refinance|Tags: , , , , , |

The Ins and Outs of Jumbo Mortgages

The rising property values in several parts of the US have many home buyers turning to jumbo loans to finance them. But what exactly is a jumbo mortgage? A jumbo mortgage is a type of mortgage that ranges anywhere between $453,100 to $679,650 (as of 2018), which exceeds the conventional conforming loan limits set by [...]

By |2018-10-26T15:04:57+00:00October 26th, 2018|Categories: Mortgage|Tags: , , |

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