Posts Covering Uncategorized
August 9, 2018 in Uncategorized
In this article: Mortgage rates have gone up slightly since late 2017. At that time, they were below 4 percent. Lately, the average is around 4.75 percent for a 30-year fixed-rate mortgage loan. But despite rising mortgage rates, there’s good news: Rising mortgage rates don’t have to stifle your dream of owning In fact, a […]
August 7, 2018 in Uncategorized
Investors looking to cash in on vacation rentals might want to set their sights southward. According to new data, markets in Florida, Tennessee and South Carolina hold the most earning potential, with Florida’s Forgotten Coast claiming the No. 1. spot.
If you’re considering a home purchase, now might be the time to act. According to new data, homebuying competition is declining, with just 14 percent of Americans planning to buy in the next 12 months.
In this article: A mortgage disclosure is a five-page summary outlining all the key points about your new mortgage. Your lender is legally obliged to send you a mortgage disclosure at least three business days before you’re due to close. The following information is included in your mortgage disclosure: The type of mortgage — fixed […]
May 7, 2018 in Uncategorized
Obtaining multiple mortgage quotes from competing lenders is a proven strategy for saving money when you finance a home. But how many quotes do you need to make sure that you get the best deal?
February 19, 2018 in Uncategorized
ARM loans can be a better deal when rates are rising ARM loans are an invisible part of the mortgage marketplace, but maybe that’s about to change. Since 2009 annual mortgage rates have been below 5 percent, and demand for adjustable-rate mortgages (ARMs) has been in the single digits. Ellie Mae reports that in December […]
February 17, 2018 in Uncategorized
Affordable homes: They’re out there Finding a neighborhood that’s within your budget and desirable to live in isn’t easy. Home prices continue to climb across the country, and many of the best cities with in-demand amenities are too expensive for first-time buyers. That does not mean affordable homes and areas don’t exist. Worthy areas – […]
February 16, 2018 in Uncategorized
Home prices are higher overall. But that does not necessarily mean housing has become less affordable.
February 15, 2018 in About Mortgages Economic News Essential Mortgage Miscellany Federal Reserve First-Time Home Buyers Forecasts Homeownership Topics Mortgage Rates Mortgage Strategy Real Estate Refinance Uncategorized
How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]
A mortgage for residential landlords Are you unfamiliar with the term “blanket mortgage?” Don’t worry. Plenty of professionals in the financial sector have never been near one. And they know little more about them than you do. But if you invest in real estate — perhaps as a residential landlord — you may find a blanket mortgage […]
Tips for landlords: how to avoid tenants who are identity thieves
January 25, 2018 in Uncategorized
Should you buy your new house or sell your old one first? It’s an age-old dilemma – one that newly launched real estate platform Knock.com may have solved.
Beware! Scammers operating Are you considering a VA refinance in 2018? Then take care. Unscrupulous con artists are targeting veterans and servicemembers who want to refinance; some with VA loans have suffered real losses. Read on to discover how the scams work…and how to avoid them. A real issue There’s a bipartisan initiative in the […]
Happy new year — as a homeowner Is your new year’s resolution for 2018 to become a homeowner? Or would you make it one, if only you thought it was a smart move — and you stood a chance of achieving it? Well, read on because you might find some good news. 2018: A vintage […]
January 22, 2018 in Uncategorized
If Amazon moved its HQ2 to your city, what would happen to home prices? If you already own a home in one of these cities, you could be in luck. If not, things could become much harder for you.
April 19, 2016 in Uncategorized
Origin Story Launched in 2004, The Mortgage Reports was one of the first mortgage blogs on the internet. It started as a loan officer’s website that helped drive personal business. By the early 2010s, it was nationally known for its in-depth coverage of mortgage and real estate news, plus why these topics matter to the […]
2018 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)