Mortgage

2018 Mortgage Rates: How They Work

If you’ve never bought a home before, or even if you have, the most mysterious piece of the mortgage loan process is understanding current mortgage interest rates. How are mortgage rates determined? Why do mortgage rates fluctuate? And why do they differ from one lender to another? The Prime Rate Current mortgage interest rates are [...]

By | 2018-05-18T13:38:52+00:00 May 21st, 2018|Categories: Financial, Mortgage|Tags: , |

What Is a USDA Loan?

One government-backed loan that doesn't get a lot of attention, but features a number of great benefits, is the United States Department of Agriculture (USDA) Rural Development Guaranteed Home Loan. According to their website, the USDA provides approved lenders a 90% loan guarantee so that they in turn can offer rural homebuyers of, "low and [...]

By | 2018-05-18T13:16:38+00:00 May 18th, 2018|Categories: Mortgage, Purchase, Refinance|Tags: , |

Take a Break with Some Feel Good News

Rates and home prices still are up. Inventory and affordability are still down. Nothing is much different from the past several weeks. Same old, same old. Seems like an eternity since there has been really good news in the mortgage or real estate markets. So, it's time to mix it up with some feel good [...]

By | 2018-05-17T11:03:11+00:00 May 18th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Are Mortgage and Real Estate Markets Transitioning to a New Normal?

Things in the mortgage and real estate markets have not changed much in the past week or so. Rates are basically flat, affordability is down because inventory is low, and prices are continuing to rise because of the demand created by the remarkably low inventory — especially when it comes to entry level homes. Much [...]

By | 2018-05-10T13:54:37+00:00 May 11th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

A Guide to Your First Off-Base Home

Buying your first home is always exciting, but when you’re used to the outdated, old, and not-so-glamorous properties on military bases? The venture is even more exhilarating. For the first time, you have full control over where you live, what your home looks like, and what your future holds. The possibilities are endless. Still, as [...]

By | 2018-05-08T09:36:49+00:00 May 8th, 2018|Categories: Mortgage, Purchase, Veterans|Tags: , , |

A New Creative Financing Solution to Help Your Homebuyers

At the end of July, Embrace Home Loans will be taking advantage of some agency guideline changes, offering a 3% down conventional mortgage to first-time homebuyers without any of the income and geographic restrictions currently in place. This announcement may seem a little premature, but it is useful information to have as you work with clients [...]

By | 2018-05-03T14:57:10+00:00 May 4th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Why Affordability May Become a Big Issue for Homebuyers

Media reports recently indicated that mortgage rates hit a four-year high last week when they reached 4.46% for a 30-year mortgage. Headlines read that this was the highest level since January 2014. They are even higher this week. While it sounds daunting, in a historical context, today's rates are only a little over half of [...]

By | 2018-04-26T12:01:58+00:00 April 27th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

There’s an Increasing Preference for Renting. Now What?

It looks like spring has arrived. Well, maybe not the weather—but the spring home buying season is here. As housing affordability continues to be a concern for more and more potential homebuyers, rising interest rates and increasing home prices have many entering the home buying market this spring. The demand appears to be driven, though, [...]

By | 2018-04-20T07:59:02+00:00 April 20th, 2018|Categories: Mortgage|Tags: |

Don’t Have 20% to Put Down? Here are Your Options

It’s an age-old myth that buyers need to put 20 percent down in order to own a home. In fact, many of today’s most popular lending programs require only a mere 3 to 3.5 percent up front. Some programs even waive down payments altogether. Are you worried you don’t have enough saved up to make [...]

By | 2018-04-17T16:05:54+00:00 April 19th, 2018|Categories: Mortgage|Tags: |

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