If you have an FHA loan or put less than 20 percent down when you bought your home, you’re probably stuck with PMI, or Private Mortgage Insurance. PMI is paid monthly as part of your mortgage payment, but unlike your balance and interest, it doesn’t decline over time. You pay the same for mortgage insurance [...]
Recent data indicates that more housing markets may be overvalued. According to CoreLogic when looked at nationally home prices rose 7% in September compared to September of last year. This means that 25 of the top 50 housing markets are considered overvalued.
Believe it or not the cost of groceries has declined over the last year. Depending on where you shop, you might not have noticed the change. But, even with prices coming down, the cost of putting good healthy food on the table for you and your family can be prohibitive.
The mortgage application process has long been bemoaned as time-consuming and overly complicated. And while sure, there are some applications that take longer than others, the truth is it’s all in the planning. At Embrace, we've been working hard to innovate our online loan application and we've created a new, user friendly application which can [...]
Closing costs can be confusing. Not only do they cost you an additional few thousand dollars come closing day; they also cover fees and expenses you’ve likely never heard of, making them even more perplexing for a first-time buyer.
As a nation, we dedicate Veterans Day to publicly recognize those who bravely serve our country. We recognize the brave men and women who have put their lives on the line for the values and beliefs we hold dear: life, liberty, and the pursuit of happiness.
Most veterans and military service members know VA loans are out there – and that they can help them buy a home more easily and, in most cases, more affordably. But when it comes down to the nitty-gritty details of these mortgage options? Things get a little murkier. In honor of Veterans Day this Saturday, we’re taking a closer look at VA loans – and what veterans should know about using them.
Capital One announced it will stop issuing mortgage and home equity loans and cut some 1,100 jobs. Rising interest rates, home prices and lack of inventory have application volume down and slowed loan growth at many US regional banks.
Freddie Mac reported that in a survey of Millennials conducted by a national lender, one third of Millennials had their dogs in mind when deciding to buy a home. Giving that much loved dog a yard ranked higher than getting married or having a baby as the primary reason.
Because Privacy and security are so often under attack, taking necessary precautions to protect your credit history and FICO score is critical to preventing fraudulent transactions and identity theft. By now you’ve had the opportunity to freeze your credit with each of the bureaus: Equifax, TransUnion and Experian. A freeze locks down your credit report, making it impossible for the credit agencies to sell your data and prevents potential hackers from opening accounts in your name without your permission.