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Category Archives: Loan News
How does a loan officer determine what you can afford? Here’s a quick breakdown of how they calculate your future house payment.
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
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
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 … Continue reading
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
From one of our Preferred Lenders: Good afternoon, I am sure you have 100 emails on this by now. Short and sweet, BREXIT means headaches for stock brokers and big smiles for homeowners/home buyers. Click HERE for more on what … Continue reading