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: , |

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: |

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: |

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: , , |

Why Is My Mortgage Payment Changing?

Your mortgage payment is typically consistent for a period of time. Due to a number of factors, though, that consistency can't last forever. In fact, for most homeowners, their mortgage payment changes several times over the course of the loan term. You might get lucky, and that could translate to a lower payment and less [...]

By |2018-10-23T12:17:09+00:00October 23rd, 2018|Categories: Mortgage, Purchase|Tags: , |

Something to Keep in Your Back Pocket for 2019

According to the Mortgage Bankers Association, next year is going to look very similar to this year as far as origination volume goes. Purchase originations are likely to increase slightly each of the next few years — even as potential homebuyers continue to deal with limited inventory and rising rates. Millennials are likely to drive [...]

By |2018-10-19T14:57:43+00:00October 19th, 2018|Categories: Mortgage|Tags: |

How to Get Pre-Approved For Your Home Loan

Perhaps one of the most important things you can do to improve your chances of obtaining your dream home is filing for pre-approval. Getting pre-approved for your home loan communicates a level of credit and financial worthiness in shopping for a home. While pre-approval doesn't guarantee the success of your loan application, is certainly helps [...]

By |2018-10-19T00:27:37+00:00October 19th, 2018|Categories: Mortgage, Purchase|Tags: , , , |

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