Mortgage Blogs

 

 

Mortgages 101: How to Calculate How Much You Will Need for Your Down Payment

Mortgages 101: How to Calculate How Much You Will Need for Your Down Payment

If you’re planning to buy a home in the near future, you’re probably already in the process of saving up for a down payment. But if you haven’t seen a mortgage advisor or started looking at properties yet, you probably don’t have

Oct 28, 2015 |

What’s Ahead For Mortgage Rates This Week – October 26, 2015

What’s Ahead For Mortgage Rates This Week – October 26, 2015

Last week’s economic news included the National Association of Home Builders Index, Housing Starts and FHFA’s report on August home sales. The National Association of Realtors® released its monthly report on sales of previously owned home

Oct 27, 2015 |

Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years

Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years

Housing markets show continued strength as the National Association of Realtors® reported that sales of existing homes reached their second highest level since February 2007. Sales of pre-owned homes increased by 4.70 percent and reached 5.55 million

Oct 24, 2015 |

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

If you’ve studied the real estate market recently, you’ve probably heard about the reverse mortgage. This unique tool is a financial arrangement designed for senior citizens who have limited incomes and want to use the equity in their homes t

Oct 23, 2015 |

Locked in a Bidding War? 3 Tactics That Will Ensure That You Reign Supreme with a Winning Bid

Locked in a Bidding War? 3 Tactics That Will Ensure That You Reign Supreme with a Winning Bid

Bidding wars can be ugly, nasty things – but with the right tactics, you can come out a winner without having to double your offer. Welcome to basic training – today, you’ll learn how to navigate the obstacle course that is a real estat

Oct 22, 2015 |

Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How

Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How

A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizeable down payment. That’s why lots of people regularly gift down payments to friends and relatives – it’s a great way to hel

Oct 21, 2015 |