Mortgage News and Rate Updates

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Closing Costs: How Much Should You Expect to Pay?

By Aly Yale / November 13, 2017
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Closing costs can be confusing.

Not only do they cost you an additional few thousand dollars come closing day; they also cover fees and expenses you’ve likely never heard of, making them even more perplexing for a first-time buyer.

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Veterans Day Parade

Happy Veterans Day! How Much Do You REALLY Know About VA Loans?

By Aly Yale / November 11, 2017
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Most veterans and military service members know VA loans are out there – and that they can help them buy a home more easily and, in most cases, more affordably.
But when it comes down to the nitty-gritty details of these mortgage options? Things get a little murkier.
In honor of Veterans Day this Saturday, we’re taking a closer look at VA loans – and what veterans should know about using them.

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Mortgage Updates

Reduction in Capital

By Mary Mack / November 10, 2017
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Capital One announced it will stop issuing mortgage and home equity loans and cut some 1,100 jobs. Rising interest rates, home prices and lack of inventory have application volume down and slowed loan growth at many US regional banks.

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Mortgage Updates

Millennials

By Mary Mack / November 3, 2017
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Freddie Mac reported that in a survey of Millennials conducted by a national lender, one third of Millennials had their dogs in mind when deciding to buy a home. Giving that much loved dog a yard ranked higher than getting married or having a baby as the primary reason.

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10 Steps to Homeownership

By Austin White / October 31, 2017
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Looking for a new home? We can give you a step by step path to follow.

Most often a prospective homebuyer’s first question is, “How much can I afford?”  The answer many lenders provide better answers the question, “How much can I borrow?” Many lenders only consider what you are able to pay each month, then tell you how much you can borrow.

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Mortgage Updates

Time and Space

By Mary Mack / October 27, 2017
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Its four days until Halloween and there are artificial Christmas trees and decorations in the Home Depot. So much for the space. Something is not right, where it gets so warped that there’s no returning from a black hole. But things are pretty. What happened to Thanksgiving? Halloween, then Thanksgiving and then Christmas, it is a logical progression we have all known.

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Mortgage Updates

Technology in the Mortgage World

By Mary Mack / October 20, 2017
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Mortgage consumers, their real estate professionals and lenders have common goals around a smooth and efficient process that results in a timely closing.

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Mortgage Updates

Some Odd things in Our Mortgage-Real Estate World

By Mary Mack / October 13, 2017
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According to Zillow, the average bachelor party costs each attendee $1,532, and the average bachelorette party has each attendee spending $1,106. These numbers seem somewhat high and somewhat unrealistic. Do this several times while trying to save the down payment for a house and it makes sense that Millennials are entering the market at a later age.

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Mortgage Updates

Riskier Loan Types

By Mary Mack / October 6, 2017
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Higher home prices, the continued lack of inventory and an increase in interest rates seem to have stalled the housing market. For five of the past six months home sales have been down.  While the number mortgage applications to purchase a home are still up compared to last year, compared to historical averages, these numbers are still way down.

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8 Reasons Why Home Prices are on the Rise

By Austin White / September 27, 2017
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Now that the economy is back on track, why is it that potential homebuyers once again find themselves in a sellers’ market?

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