Mortgage Blogs

 

 

Existing Home Sales Fall More Than Expected

Existing Home Sales Fall More Than Expected

Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors®. Rising home prices and a shortage of available homes strained ho

Nov 25, 2015 |

What’s Ahead For Mortgage Rates This Week – November 23, 2015

What’s Ahead For Mortgage Rates This Week – November 23, 2015

Last week’s economic events included reports the National Association of Home Builders Housing Market Index, Housing Starts and the release of minutes for the most recent meeting of the Fed’s Federal Open Market Committee. The details: NAHB:

Nov 24, 2015 |

What Factors Affect Mortgage Payments?

What Factors Affect Mortgage Payments?

As you can see in the video below, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment. In bullets: Down payment Loan si

Nov 21, 2015 |

A Step-by-Step Guide to Refinancing a Traditional Mortgage to a FHA Mortgage

A Step-by-Step Guide to Refinancing a Traditional Mortgage to a FHA Mortgage

Refinancing a mortgage can provide a homeowner with many benefits, and many are interested in refinancing their traditional mortgage into an FHA mortgage to take advantage of low interest rates. Depending on the specific circumstances, this step may lowe

Nov 20, 2015 |

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or Small

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or Small

Whether you’re readying to put your home on the market or you haven’t updated your space in a while and want to modernize, approaching renovations can be a struggle. With so many things to fix up, both large and small, it can seem overwhelmin

Nov 19, 2015 |

Refinancing Tips: 5 Questions to Ask Your Lender to Ensure You’ve Done Your Homework

Refinancing Tips: 5 Questions to Ask Your Lender to Ensure You’ve Done Your Homework

If you’re looking to refinance your home, you’re likely going to benefit from lower mortgage payments. But lower mortgage payments aren’t the whole story with a refinance. A refinance plan may change several key terms of your mortgage a

Nov 18, 2015 |