We hope you are all having a wonderful holiday season! For this week’s blog we wanted follow-up on our previous article regarding maximum loan limits. We are excited to announce we officially have the 2018 loan limits for FHA and VA.
Will this impact loans in process?
We will evaluate the current loan pipeline to see if any loans fall between the 2017 and 2018 limits. If we see any transactions that can be moved from High Balance or Jumbo to Standard Balance, we will do so.
With mortgage rates on the rise, how do your clients know when it is the right time to lock in a rate? Here are four cases of when they should lock in their rate right away.
See how to sell a home with a reverse mortgage. Step by step guide to getting your home sold when you have a reverse mortgage to deal with.
Looking to put an apartment building under contract? Be sure to ask these 10 questions BEFORE you apply for a loan to ensure a smooth closing!
Pay no attention to those stories about "Shadow Inventory"! Apparently that has all been soaked up. Or, at least, builders and the NAR would like to believe that. It is hard to pick the top or bottom of any market, but it is hard to argue that housing prices...
As home prices soar, renting could be an option for improving cash flow.
4 Tips to help Realtors prepare buyers/properties for the mortgage process and ensure that all critical information is promptly relayed to the lender.
It might be common practice, however, we will tell you why you should exercise caution when transferring title of real property to an inter vivos trust.
Even in the midst of a ‘Sellers’ Market’, putting your home up for sale can be a daunting task. Chances are your home already has some great features you can highlight. However, making small upgrades and improvements will usually get your home sold faster and increase the value. To make things more simple, we’ve compiled the …
What if the conventional wisdom about the mortgage crisis is all wrong?
Don't be taken advantage of! A mortgage is a massive time and monetary commitment, so make sure you do your due diligence.
Nearly every mortgage application requires a home appraisal by the lender as part of the underwriting process. Ideally, the lender wants to see an appraised value that’s equal to or greater than the price agreed upon by the buyer and the seller, but sometimes the appraisal comes in lower. In those s
Simply put, equity refers to the value of your home minus the amount of money you still owe on your mortgage. It is the factor that separates homeowners from renters and is among the greatest creat…
Understanding home equity When you take the current market value of your home that you receive after an appraisal and subtract it from the amount you currently owe on your mortgage, that’s your home’s equity. Your home equity is how much of the property that you truly own. This is the formula you will use to answer the …
You know that feeling when you think things are so bad and you turn to someone for help, and they make matters much worse? That is often the sad case when it comes to foreclosure scams. You’re in the
It can be hard to get a grasp on what is happening in the housing market with the constant news updates about home sales, mortgage rates, and prices. Monthly housing reports can be volatile and can…
The Loan Estimate has been redesigned to disclose of the features, costs & risks of the particular mortgage loan for which a consumer has applied earlier.
Home prices climbed 6.3% in May. But gains may level off, especially if mortgage rates rise.