Home Sellers may be reluctant to put their property on the market right now, and that’s understandable maybe, but is it a smart financial move? The current lack of inventory in the Real Estate market, coupled with low mortgage interest rates, and the very simple fact that ‘everyone has to live somewhere’, have created the… Read More
How Will Secondary Market Reform Affect the Home Buyers? No One Knows Yet. Home owners, potential home buyers and those in the Mortgage and Real Estate industry, have been watching closely since the financial crisis to get a sense of where the real estate market is going and when. So far market recovery has been… Read More
*Click for mortgage interest rate information for April 2019 I received a fact-packed email recently from a local mortgage lender. This is someone I’ve worked with enough to know that their information is solid, skewed neither positive or negative but true and unbiased. Andrew McCrossen, a Loan Officer at V.I.P Mortgage did a little digging… Read More
How much will mortgage rates increase? Rumor has it, mortgage rates are on the rise. The economy is undeniably healthy… have you checked your retirement accounts lately? Unemployment rates have dropped considerably, nationwide unemployment is at its lowest in over a decade. And low interest rates have remained on the charts much, much longer than… Read More
Fannie and Freddie Redesign Uniform Residential Loan Application Form. A new, simplified mortgage loan application (not yet in use) is debuting to mixed reviews. Gone are the days of home buyers spending hours answering unclear questions by hand. Present-day mortgage applications are largely completed by loan officers on a computerized form. So loan officers everywhere… Read More
