Understanding the Role of HUD in Regulating Mortgage Lending Practices

June 28, 2024

With various regulations and guidelines to follow, it’s crucial to understand the role of the U.S. Department of Housing and Urban Development (HUD) in this landscape. HUD plays a vital role in regulating mortgage lending practices to ensure fair and equitable access to housing. In this blog post, we’ll delve into the functions of HUD […]

Read the full article →

How Divorce Affects Mortgage Responsibilities: What Changes, Who is Responsible, and More

June 27, 2024

Divorce is a challenging life event that can significantly impact various aspects of your financial life, including your mortgage responsibilities. When couples decide to part ways, the fate of the family home and the associated mortgage often becomes a complex issue that requires careful consideration. We will explore how divorce affects mortgage responsibilities, what changes […]

Read the full article →

How Economic Trends Influence Mortgage Lending

June 26, 2024

As a consumer, understanding these economic trends can empower you to make informed decisions about your mortgage. Let’s discuss some key economic factors that influence mortgage lending and what they mean for you. Interest Rates: The Pulse of Mortgage Lending Interest rates are perhaps the most significant economic indicator affecting mortgage lending. When the Federal […]

Read the full article →

Can Closing Costs Be Included in Your Loan? Here’s What You Need to Know

June 25, 2024

When buying a home, many people are aware of the down payment but often overlook the additional costs that come with closing the deal. These expenses, known as closing costs, can sometimes catch buyers off guard. The good news is that, in certain circumstances, closing costs can be included in your loan. Here’s a closer […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – June 24th, 2024

June 24, 2024

Currently, the Retail Sales Report is the sole report that has weight. With the passage of more optimistic inflation data reports, retail sales coming in slightly under expectations will have little to no bearing on the overall outlook. Given the last major reports indicating the economy’s health and state of inflation, there is more optimism […]

Read the full article →

How Long Does It Take to Refinance a House?

June 21, 2024

Refinancing your home can be a smart financial move, offering you the chance to secure a better interest rate, reduce monthly payments, or even tap into your home’s equity. However, one of the most common questions homeowners have is: “How long does it take to refinance a house?” While the timeline can vary based on […]

Read the full article →

Home Mortgage Application: Understanding Proof of Income

June 20, 2024

Buying a new home is exciting, but it comes with a fair share of paperwork, especially when applying for a mortgage. One crucial component lenders will analyze is your proof of income. Let’s take a look at what proof of income involves, document examples, and where to find them. What is Proof of Income? Proof […]

Read the full article →

A Commitment to Diversity and Inclusion

June 19, 2024

This historic day commemorates the emancipation of enslaved African Americans in the United States, and it’s more relevant now than ever as we strive to promote diversity, equity, and inclusion in everything we do. Juneteenth, celebrated on June 19th each year, marks the day in 1865 when Union soldiers arrived in Galveston, Texas, bringing the […]

Read the full article →

Exploring 5 Types of Refinance Loans

June 18, 2024

Refinancing your mortgage can be a smart financial move, offering potential savings, access to cash, or improved loan terms. With various refinancing options available, it’s essential to understand what each type entails to make an informed decision. Let’s look into five popular types of refinance loans: Rate and Term Refinance, Cash-Out Refinance, Cash-In Refinance, Home […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – June 17th, 2024

June 17, 2024

A welcome and unexpected data release for both the PPI and CPI shows inflation expectations coming in lower than expected. The positive news was somewhat mitigated by the hawkish FOMC rate decision that also took place during the same week. Still, there is more optimism given that the data releases in the past 30 days […]

Read the full article →

← Previous Entries

Next Entries →