After you have completed the initial loan application and have signed the preliminary loan disclosures, your mortgage loan application will generally receive a preliminary prequalification. This prequalification will be based in large part on your … [Continue reading]
FHFA: Home Prices Rise 0.30 Percent in January
The Federal Housing Finance Agency (FHFA) reported that home prices rose by a seasonally-adjusted rate of 0.30 percent in January, and were 5.10 percent higher as compared to home prices in January 2014. FHFA oversees Fannie Mae and Freddie Mac and … [Continue reading]
Considering a Reverse Mortgage Loan? Here’s What You Need to Know
Many seniors are looking for a great way to improve their financial situation. Retirement or semi-retirement can be difficult due to the need to live on a fixed income. Some may have been unable to save enough in their working years, or their … [Continue reading]
What’s Ahead For Mortgage Rates This Week – March 23, 2015
Last week's events included the National Association of Home Builder's Housing Market Index, which fell to its lowest reading since last summer. Other news included reports on housing starts and building permits, the FOMC meeting statement and Fed … [Continue reading]
Three Unique Upgrades That Will Drive Your Home’s Resale Price Through the Roof
If you are a homeowner, you should always be thinking about ways that you can boost the resale value of your home. Whether you are planning on putting the home on the market, or simply want to be prepared for the future, there are upgrades that can … [Continue reading]
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