Taking advantages of the low rates

As the wave of refinances comes rolling in, it’s important to consider its effect on the economy as a whole. With lower interest rates being locked in across the country, household cash flow will be increased while supporting consumption. Investors, however, should tread carefully upon this new ground as refinancing and the Federal Reserve policy
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Market updates – October 10, 2019

It is a misconception that Federal Reserves has a large effect on the mortgage market. The fact is that mortgage rates have more correlation with the bond market. It’s currently projected that the mortgage rates will stay low until 2020, possibly 2021. On October 3rd, Freddie Mac reported an average 3.65% on the thirty-year loan,
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Fed lowered the rate. What now?

Yet again, the Fed lowered another 0.25% rate yesterday which was anticipated by the market gurus. What does this do to the mortgage rates? According to Freddie Mac, the 30-year fixed rate mortgage is currently at 3.73%, up 17 basis points from last week. The dropping rates phenomenon got drastic turned since September 5. It’s
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Finding the right mortgage professional

It’s critical to have a solid team working with you! Trying to find the perfect home can be an easier process than finding a lender that will support and help you every step of the way.  Some lenders resemble loan sharks rather than lenders, so be careful!  It’s important to look for the following characteristics
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Qualifying with Self-Employment Income

Looking for mortgages as a self-employed worker is now many times easier. If you’ve tried to do so before, you’ll understand that it’s traditionally a long process with much more paperwork than if you were employed by someone else. Since while self-employed, all expenses will be subtracted from gross income, you will find many more
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