Understanding the Principal Limit on a Reverse Mortgage and What Happens if You Reach It

November 12, 2015

If you’re considering applying for a reverse mortgage, you’ll want to ensure you understand certain critical factors. One such factor is the principal limit. The principal limit will have a strong influence on your finances, which is why you’ll need to ensure you know – before applying for your reverse mortgage – what your principal limit is.

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Pulling the Trigger: 3 Reasons Why You’ll Want to Move Fast when Buying a Home

November 11, 2015

With all of the care and consideration that can go into deciding if a home is the right fit, it can add a wrench to the mix to realize that you may not have a lot of time to put in an offer. It’s certainly important to weigh all of the factors of buying a home before deciding to put yourself in the ring, but here is why you’ll want to come to a conclusion quickly when it comes to a home you love.

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Did You Know? Why a Mortgage Pre-qualification Meeting Might Be Your Best Use of 5 Minutes

November 10, 2015

If you’re in the market for a mortgage, you may want to set up a pre-qualification meeting with a bank or lender. Even if you’re not sure which lender you’d like to apply for a mortgage with, pre-qualification can still be a valuable step to take. And given that it only takes a few minutes, it’s something every potential homeowner can do.

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What’s Ahead For Mortgage Rates This Week – November 09, 2015

November 9, 2015

Last week’s economic reports included releases on construction spending and several labor-related reports including ADP payrolls, Non-Farm payrolls, average hourly earnings and weekly jobless claims. Freddie Mac reported that mortgage rates rose as the national unemployment rate decreased to 5.00 percent.

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How Are Pre-Qualifying And Pre-Approval Different?

November 6, 2015

How Are Pre-Qualifying And Pre-Approval Different? Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow – but not a commitment by a lender.

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What Are the Advantages to Paying off Your Mortgage Early? Here Are a Few That Might Entice You

November 5, 2015

If you’re looking into fixed term mortgages, you might be wondering whether there’s any reason why you should take the full term to pay off the loan. In a lot of cases, paying off a mortgage before it comes due is a great decision. If you’re considering paying off your mortgage early, you’ll experience a variety of benefits – here are just a few of them.

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Find Something Wrong During a Home Inspection? How to Discuss Repairs or Defects with a Seller

November 4, 2015

When it comes to selling a home, it is a common belief that once the offer is accepted, there is nothing else to be negotiated. However, issues and obstacles that can arise during the home inspection can be a cause for discussion with the seller. Here are some tips in the event that the home inspection isn’t up to par.

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Looking to Close Faster? Follow This Easy Guide to Speeding Up the Mortgage Process

November 3, 2015

If you’re buying a home, you’ll want to try to get your mortgage processed as quickly as possible. Improperly filed mortgage applications are one of the biggest reasons why home sales get delayed, and if you have a hard move-out date already set, it’s critical that your mortgage process goes smoothly.

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What’s Ahead For Mortgage Rates This Week – November 2, 2015

November 2, 2015

A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December.

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The Top 5 Home Features That Buyers Are Hunting For This Fall

October 30, 2015

Whether you’re getting prepared to buy a new home or just curious about upcoming trends in housing, there are a bevy of features gaining momentum on the real estate market. From top to bottom and room to room, here are five popular features that home buyers will be sure to notice this fall.

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