Opportunity Knocks with an FHA Loan
Probably the biggest thing holding many first-time buyers back from getting into their starter home is the 20 percent down payment. Not only is it a…
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Which Is More Important: The Loan Officer or the Lender?
The obvious answer to this question? Both. A lender should have the widest array of products with competitive rates and terms. Service should be exceptional from…
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Tips for Helping Your Buyers Understand What to Do as We Transition Out of Seller’s Market
We’re no longer in a frenzied sellers’ market. Bidding wars have fallen off, price reductions are getting more common, and buyers finally have more options and…
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Common Divorce & Mortgage Questions Answered
Going through a divorce is never easy. You have the heartache of a relationship that hasn’t worked out, and you then have to deal with splitting…
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Buyers are Regaining Their Buying Power
For most people, buying a home is uncompromisingly personal. It’s where you will live, perhaps raise a family and start a family legacy. Over the past…
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What Does a “Cash Out” Refinance Mean?
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to…
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Adjustable Mortgage Rates – Pros and Cons
With home loan interest rates at an historic low, many people are rethinking the adjustable rate mortgage. This type of mortgage rate, which is commonly abbreviated as ARM, comes in a few different flavors. Unlike fixed mortgage rates, they fluctuate over time. The majority of homeowners – roughly seven out of ten, according to Bankrate.com – prefer fixed rates for this reason. Although they have traditionally gotten a lot of bad press, ARMs might be worth a second look. At the very least, it is good to familiarize yourself with the pros and cons of the adjustable rate mortgage.
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Homebuyer Regrets — How to Save your Clients from Them
In a fast-paced housing market, it’s easy for a homebuyer to feel left with regret. Maybe they acted too fast, spent too much, or are just…
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Refinancing Your Home Equity Loans — Consider Refinancing into a First Mortgage
The current real estate market conditions not only affect buying and selling, but it can even be a challenge for non-sellers. And here’s why. The non-sellers…
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Looking for a Really Smart Way to Step Into Your First Home? Go Multifamily!
OK, you’re a prospective first-time home buyer! You’re probably renting. And, you may be scrimping and saving, eating rice and beans to get a decent savings…
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