Understanding The Differences Between Conforming Loans And Jumbo Loans

January 6, 2022

Potential homeowners need to understand the different types of loans available. This is a major financial decision, and it is important to evaluate the benefits and drawbacks of each option.

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The Do’s and Don’ts of Getting Approved for a Mortgage Quickly

January 5, 2022

If you’re ready to buy a home, getting approved for a mortgage is a critical step that you can’t skip or rush. So how can you ensure your mortgage gets approved quickly and without any hassles? Here’s what you need to know.

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An Overview Of Mortgage Points

January 4, 2022

There is a lot of terminologies involved in the mortgage application process, and one common term people come across is a mortgage point. What exactly is a mortgage point, and how might impact the price of the loan?

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What’s Ahead For Mortgage Rates This Week – January 3, 2022

January 3, 2022

Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices and the National Association of Realtors(R) released its monthly report on pending home sales. Weekly reports on mortgage rates and jobless claims were also released.

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Do You Need Mortgage Insurance Even If It’s Not Required By Your Lender? Let’s Take A Look

December 29, 2021

Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it’s not typically required by your lender.

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Major Mistakes Which Are Sure to Increase Your Closing Costs

December 28, 2021

When shopping for a mortgage, it is important to take closing costs into account. Let’s take a look at some major mistakes that could result in borrowers paying more than they need to in closing costs.

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What’s Ahead For Mortgage Rates This Week – December 27, 2021

December 27, 2021

Last week’s scheduled economic reporting included readings on sales of new and previously-owned homes along with weekly data on mortgage rates and jobless claims.

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The Top Ways To Use Home Equity

December 23, 2021

Equity is a powerful tool. As homeowners pay off the mortgage, the amount of equity in the house grows. As the house appreciates in value, homeowners accrue even more equity. Then, homeowners can tap into this equity for a variety of purposes. What are a few of the ways homeowners might be able to use this equity?

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The ‘Debt to Income’ Ratio and How It Affects Your Home Purchase

December 22, 2021

The real estate market is rife with terminology that can make a home purchase seem more than a little complicated. If you’re currently looking for a home and are considering your loan options, you may have even heard the term ‘Debt to Income’ ratio. In the interest of simplifying things, here are some insights on what this term means and how it can impact your home investment.

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What’s Ahead For Mortgage Rates This Week – December 21, 2021

December 21, 2021

Last week’s economic reports included readings from the National Association of Home Builders on housing markets and the monthly post-meeting statement from Federal Reserve policymakers. Fed Chair Jerome Powell also gave a press conference. Weekly readings on mortgage rates and jobless claims were also published.

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