At this moment, the Real Estate market is experiencing a reluctance on the part of both home sellers and buyers. The ‘unavoidable’ activity is still taking place, folks for whom moving is a necessity. But where the sale or purchase of a home is nonessential, motion in the Real Estate market has come to a… Read More
Video: How Important is Your Credit Score? Even non-home-related things can be dependent on your credit score. Did you know that more likely than not, an employer will check your credit when you apply for a job? Auto insurance companies can charge you higher premiums or even turn you down. Cell phone companies, credit cards,… Read More
Mortgage Applications Drop 11 Percent Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one… Read More
FICO, the most widely used credit scoring company in the country, modified their model in 2014 (FICO 9) but few people are aware of how these adjustments affect them personally, or even that there have been changes at all. A few shifts in the scoring algorithm can make a big difference in your credit score,… Read More
I know… the relief of tax season being over has just had a chance to set in. However, if you’re a home owner or a real estate investor you know that tax season never quite leaves your consciousness. You have to be alert all year-round if you’re going to take full advantage of available tax… Read More
While recent data darkened the growth outlook for the first quarter, April data has experts predicting housing will maintain its momentum in 2016 and be an economic engine of growth. This insight comes from data recently released by Freddie Mac. The report shows that recent declines in mortgage rates have also boosted refinance potential. “We’ve… Read More
Before you even apply for a mortgage you should understand this… APR may not mean what you think. Ever wonder what Closing Costs you’ll be responsible for when you buy or sell a home? Check out our infographic and article: Who Pays for What?
“Escrow” is a strange word, and one that most people don’t hear every day. Yet if you’re closing on a home or seeking a mortgage from a lender, you’ll likely encounter the terms “escrow” or “impound account” sooner rather than later. From a mortgage lender’s perspective, to hold funds in escrow means that the lender… Read More
