Interest rates surged following the election of Donald Trump last Tuesday. The common 30-year fixed-rate mortgage rose to 3.95% last week, up from 3.77% the week prior, the Mortgage Bankers Association reported Wednesday. Rates on mortgages Sky rocket Post Election Because of this, mortgage ... » Learn More about Rates on mortgages Sky rocket Post Election
Mortgage Tips
4 Items that will Assure You Obtain a Mortgage
There are actually four things mortgage lenders look at when deciding whether to grant you financing, and having a balance of each will score you better terms and make this process go smoother. Take a look. 4 Items that will Assure You Obtain a Mortgage 1. Steady Income A consistent income ... » Learn More about 4 Items that will Assure You Obtain a Mortgage
Steps to create a Competitive Offer on a House With a VA Loan
VA loans give veterans a chance at home ownership-but there’s a lot of confusion and a bit of complexity around the VA loan that frequently make home sellers and seller’s agents wary of accepting them. Considering Veteran’s Day this past Friday, we wanted to debunk some of the myths around VA loans, ... » Learn More about Steps to create a Competitive Offer on a House With a VA Loan
Affordability has become an issue in rural areas
Rural housing is facing an affordability crisis that's getting worse. Large cuts in government funding for rural areas support is having a major problem equally for renters and homeowners, according to a draft report by the National Rural Housing Coalition. Affordability has become an issue in ... » Learn More about Affordability has become an issue in rural areas
Warnings Pertaining to Wraparound Mortgages
Real estate attorneys are sounding the alarm over a growing scam involving wraparound mortgages that targets home buyers and sellers. The mortgages bundle together the purchase of the property as well as the mortgage. Housing attorneys warn that an surge in this sort of seller financing could ... » Learn More about Warnings Pertaining to Wraparound Mortgages