Turned down for a mortgage? You’re not alone. Many borrowers are finding it difficult to navigate lending requirements and reapply for a loan to buy a home, despite significant improvement in the housing market. If your mortgage application was rejected, take heart. Mike Sullivan, director of education for Take Charge America, a national nonprofit credit… Read More
By Keith Loria Aside from searching for the perfect home for you and your family, obtaining a mortgage that fits your needs can be just as time-consuming a process. Whether you’re a first-timer—or even a seasoned buyer—you shouldn’t simply walk into your local bank and agree to the first mortgage you’re offered. It’s also important… Read More
The article below explains some of the new regulations that home buyers will be subject to during the mortgage process. I’ve been to several classes on this subject and feel that I’ve got a fairly good handle on these measures. But I suppose that remains to be seen as many mortgage loan offers have given… Read More
It’s possible that slightly higher interest rates could be offset by a program to help with your down payment. Both Maricopa and Pinal Counties offer fantastic Down Payment Assistance grants… the ‘grant’ part means you are never required to repay this money. It is essentially “Free” money. I know several lenders that are approved to… Read More
There’s lots of great advice in the video below. Your credit matters, and not just when you’re buying a home. Your credit score can also affect Insurance rates, job opportunities, and major purchases like a car or furniture. If you are thinking of buying a home there are a couple other points relating to your… Read More
Mortgage rates are rising but not by much, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®) results. These results showed average fixed mortgage rates nudging higher throughout the beginning of the week. However, Fed comments suggesting it may not raise short-term interest rates, coupled with weaker than expected consumer demand, pushed Treasury yields lower… Read More
Keith Loria (below) makes some great points but there are few things I’d like to add. In addition to not making big purchases and running up your credit cards before applying for a mortgage, don’t open new credit and don’t, DON’T close credit cards. This will substantially lower your debt to available credit numbers. It’s… Read More
I’ve noticed a slight loosening in Mortgage regulations lately. Several lenders I have worked with or am acquainted with, have been telling me about programs with lower credit score requirements and even smaller down payment options. This video explains a bit of what’s been going on. Additional Resources for Home Buyers A Heads Up… Read More
This Thank You Thursday we express our appreciation to Congressman Raúl Grijalva, who wasted no time acting on an issue that is critical to Veterans housing matters. We met with Congressman Grijalva as representatives of VAREP (Veterans Association of Real Estate Professionals) this past June. Our concern was that Veterans are entering into the mortgage… Read More
I recently read an article on News360 called “Three things to know before you get your first mortgage”. Now, don’t get me wrong, this is not a slam of News360, it’s my favorite news app and I’ve found some incredibly useful information there. It’s more a commentary on knowing what is real and what is… Read More
