Why 5% Mortgage Rates Are Still a Ways Off

Mortgages

Why 5% Mortgage Rates Are Still a Ways Off

Why 5% Mortgage Rates Are Still a Ways Off

Whether you like it or not, mortgage interest rates are a big driver of the housing market. We’ve been spoiled with ultra-low rates the past few years, with many experts predicting that 2014 would be the year of 5% rates. They were wrong. Furthermore, we’re not going to be seeing 5% mortgage rates anytime soon… Read More

3 Reasons It’s Not a Seller’s Housing Market

Mortgages

3 Reasons It’s Not a Seller’s Housing Market

3 Reasons It’s Not a Seller’s Housing Market

If you’re considering purchasing a home, but worried that rising home prices mean you’ll pay too much for a house, think again. Just because home prices have risen doesn’t mean it’s a seller’s market out there. Here’s why. 1. Home Prices Aren’t Necessarily Inflated Home prices have gone up, but have they done so unreasonably?… Read More

5 Rules for Refinancing

Mortgages

5 Rules for Refinancing

5 Rules for Refinancing

Mortgage rates are now at the lowest level we’ve seen in the past year and a half. If you can save money by refinancing your mortgage and have been putting it off, you owe it yourself to explore your options. First, here are five considerations to help you weigh whether a refinance is worth it…. Read More

4 Frustrating Renting Realities

Mortgages

4 Frustrating Renting Realities

4 Frustrating Renting Realities

Millions of consumers who either previously owned a home or have never owned a home are all too familiar with the financial drain of renting. Here are four renting realities that could make you reconsider whether it’s ultimately worth it. 1. Your Home Is Controlled By Your Landlord A legal right to occupy the property… Read More

Think You Can’t Afford to Buy a Home? Think Again

Mortgages

Think You Can’t Afford to Buy a Home? Think Again

Think You Can’t Afford to Buy a Home? Think Again

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how. When… Read More

How Lying About Your Income Can Hurt Your Mortgage

Mortgages

How Lying About Your Income Can Hurt Your Mortgage

How Lying About Your Income Can Hurt Your Mortgage

Your income is one of the major factors lenders use in determining whether you qualify for a mortgage. Which is why omitting, hiding, manipulating or not showing income may put you in a decidedly gray area with your mortgage company. When you apply for a home loan, lenders require specific income documentation to fund a… Read More

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