Mortgage News

  • What is a NON-QM loan?

    The Consumer Protection Act was signed into law after the housing crisis. This mortgage reform created minimum standards for mortgages, such as; loans may not contain negative amortization, prepayment penalties, interest only, balloon payment feature...

  • Market Update – February 19, 2021

    Even though the pandemic is hopefully beginning to slow down, fewer homeowners have returned to making regular mortgage payments. As a result, mortgage rates have risen and returned to the higher levels we’ve seen in months. Because the changing of m...

  • Market Update – January 27, 2021

    As predicted, with the rollout of the COVID vaccine mortgage rates have rebounded the to their highest level in two months. Rates are currently at 2.79%, compared to the 2.65% a week ago. Now is the time to act if you have been waiting on the sidelin...

  • Out of box loans

    For those who think they can’t get a mortgage on account of their low or nonexistent credit score, or writing off tons of expenses in their tax returns, there’s no need to fret, because there’s essentially 2 ways to get a mortgage. The first one bein...

  • Thinking of selling a home?

    According to the CoreLogic numbers, the annual home price has appreciated by 6.7% which is the fastest annual acceleration since May 2014. Perhaps this is a good time if you are considering listing your house for sale and getting the top dollar. Whil...

  • Market update – September 14, 2020

    Many borrowers probably know, the current rate for the 30-year mortgage is below 3%, a big improvement to the low 4.5% it was at last year! Recently, the Federal Reserve chairman Jerome Powell has announced a new policy that could be the downfall of ...

  • Things to consider before paying off your mortgage early

    Though it’s common knowledge that overpaying your monthly mortgage can help lower the overall time and cost, it’s also a bad idea to spend too much money toward the mortgage. For one, it’s a good idea to overpay your monthly mortgage if you can as it...

  • Refinance or Not?

    According to Freddie Mac, the mortgage rate for the 30-year mortgage rate is at 2.88% as of August 6, 2020, a new low.  With that in mind, it’s best to begin the refinancing process. Though refinancing helps reduce your monthly payment, there’s actua...

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