Category Archives: Loan News

Fact or Fiction? 6 Down Payment Myths You Should Stop Believing Immediately

If you’re thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it’s the down payment that shows … Continue reading

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Realtor.com® 2018 National Housing Forecast

Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a foothold in the market will begin to ease next year as part of broad and continued market improvements. The easing … Continue reading

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5 (Totally Legal) Tricks to Boost Your Credit Score Fast

So, you’ve decided next year is the year you’re finally going to buy a house. Congrats! But now you’re a little panicked because your credit score isn’t exactly going to make lenders swoon. You’re not alone. The national average credit score is 695, while only half … Continue reading

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New Program to Help Buyers Bypass Appraisals

Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing process. Full Article: New Program to Help Buyers Bypass Appraisals … Continue reading

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How Much Home Can You Afford?

How does a loan officer determine what you can afford? Here’s a quick breakdown of how they calculate your future house payment.

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6 Home Appraisal Myths You Need to Stop Believing Immediately

Yes, the appraisal is one of the scariest parts of the home-selling process—and one of the most confusing. After all, why is somebody valuing your home after you’ve already determined a listing price and received an offer? Plus, you’re never sure … Continue reading

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How much house can you afford?

Ready to buy a house? Before you spend a day drooling over homes you may not be able to afford, the first step is to determine your budget, which means it’s time to calculate your debt-to-income ratio.  DTI is used … Continue reading

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Mortgage Rates Hit Lowest Mark of 2017

  MCLEAN, VA–(Marketwired – Apr 13, 2017) – Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017. … Continue reading

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Which Type of Lender Is Right for You?

There was a time when most homebuyers obtained their mortgage loans through their banks or credit unions. Today, however, there are a number of additional home-financing providers. Which one is right for you? Let’s take a look at the options. … Continue reading

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Janet Yellen signals March rate hike is possible

Get ready for higher interest rates. Federal Reserve chair Janet Yellen signaled that the next rate hike could come as early as March in her testimony before the U.S. Senate Banking Committee on Tuesday. Video from Money.cnn.com

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