2015 Q3 and Beyond
We're currently in Q3, and there is a lot in store for the mortgage market in the next few months. In early 2015, we saw rates on conforming loans stay at right below 4%. Rates started rising in May and June. After the 4th of July, we saw a slight dip in rates once again. Undoubtedly, the rates have...
The 3 Important Mortgage Documents You Will Sign
When you apply for a mortgage, you will sign a lot of documents, but there are some that are more important than others. Here are the 3 most important mortgage documents you will sign:
The HUD Settlement Statement.
The HUD Settlement Statement is the document that shows...
5 Tips For Refinancing Your Mortgage
Rates are considerably low right now, so if you are paying more than you would like for your mortgage, you may want to consider refinancing. Refinancing is great because it allows you to lower your monthly mortgage rates, which can sometimes translate into hundreds of dollars of savings...
5 Tips for Finding the Best Deal on Your Mortgage
If you're thinking about getting a mortgage in the near future, you may be surprised to know that your rates could drastically vary depending on certain steps you take or don't take. In general, you always want to pay as little as possible so you can spend the extra money on other things. Here...
Should I Borrow From My 401K to Buy a Home?
If you want to buy a home but are short on the funds, you might be trying to think of ways to come up with that money. One option many people consider is whether or not they should borrow from their 401K plans to finance a home purchase. Here's what you need to take into consideration before you...
How To Get The Highest Appraisal For My House
When you are trying to sell your home, the appraisal is the figure that will determine how much you can easily sell your home for, and ultimately, how much money you can make. If you're like most homeowners, you want this number to be as high as possible. Here's how to get the highest appraisal...
3 Things You Should Know about Condo Mortgages
If you're planning on buying a condo anytime soon, you will most likely have to take out a mortgage. Unless you can pay for the condo with cash (rare), you will have to go through the exact same process as if you were buying a home. Here are three things you should know about condo...
How to Get The Best Deal on a Mortgage
If you're looking for a mortgage, there are a few steps you can take to make sure you're receiving the best deal on a mortgage possible:
Get a Fixed Rate Mortgage.
Even though adjustable rate mortgages can initially have lower mortgage rates, they can quickly increase according...
How Long Does it Take To Get Approved For a Mortgage?
Congratulations, you're about to buy your first home! The big question remains, though: how long does it take to get approved for a mortgage? Here are some ways you can determine that:
Shopping For Loans: 14 Days
Before you commit to a mortgage, you are going to need to do a...
Deed in Lieu of Foreclosure Explained
You may have heard the term, "Deed in Lieu of Foreclosure." Essentially, a "deed in lieu of foreclosure" is when a borrower gives all of the property to a lender in an effort to avoid a foreclosure on a defaulted loan. While this seems fairly drastic, this can help the borrowers...