Early, alarming predictions for a dramatic surge in mortgage rates in 2018, have so far fallen flat. True, home buyers have seen incremental increases in rates for home loans since January, but in more of a one-step-forward-and-two-steps-back pattern. I’m cautiously optimistic that this might continue for three significant reasons. First, the country’s economy appears to… Read More
I’ve been hearing massive amounts of babble about changes in the way mortgage applications and credit reports are handled for home buyers. These adjustments could mean more favorable interest rates for first-time home buyers and folks with limited credit history. Trended Data Expected to Help First-Time Home Buyers First-time homebuyers are expected to enter the… 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
Video: Is a Reverse Mortgage Right for You? What You Should Know. There’s a lot to consider when researching the pros and cons of a a reverse mortgage. This video gives you some basic facts about every reverse mortgage, so that you’ll know what questions to ask before you contact a mortgage lender. One other… Read More
A: Also known as a purchase money mortgage or carry-back, it is when the seller agrees to “lend” money to the buyer to purchase and close on the seller’s home. Usually sellers do this when money is tight, interest rates are high or when a buyer has difficulty qualifying for a conventional loan or meeting… 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
From: A heads-up for Home Buyers on www.yourValleyProperty.com Even before the actual application process begins, there are things that you can do, and personal, financial details that you’ll want to discuss with your lender. These will include assessing your credit score, work history, verifying cash available and reviewing tax returns. When you do finally formally… Read More
I read this on GoodNews Network, one of my favorite sites. The Video is from the Vancouver Police Department. Worth a Watch! Vancouver law enforcement went looking for bad news and found good news instead. As part of an undercover operation, police sergeant Mark Horsley grew some facial hair and borrowed an expensive wheelchair, making… Read More
from Not Your Daddy’s Home Selling Tips on yourvalleyproperty.com Comfort and a Carrot Offer a Home Warranty. Home warranties have been around for a long time but they seem to have recently gained in popularity. I can tell you from experience that a good home warranty can be priceless. Most home warranty programs have an… Read More
from A Heads-Up for Home Buyers on yourvalleyproperty.com Be Aware, Be Very Aware Scope out the territory in advance! Note market conditions before requesting seller concessions. Different market conditions favor different contract terms. In recovering from the infamous downturn, the market has bounced back and forth between the so called “seller’s market” and “buyer’s market”… Read More
