We’ve written a lot about getting your first mortgage: what to expect, how to go about it and all the fees and different costs along the way, but there’s a significant portion of the market that we’ve been passing over made up of future boomerang buyers. Those of you who have lost your homes due… Continue Reading
There are four really important times of the year for everybody who is anybody in the financial, mortgage or related industries — they happen around the middle of April, July, October and January. These are the times when we get all sorts of quarterly reports in, and those numbers can tell us a lot about… Continue Reading
So you’ve finally landed that promotion, finished college, gotten married or have just gotten tired of throwing your rent money into an endless pit and are starting to investigate the housing market. Maybe you’ve even spotted a house that you feel a deep emotional attachment to – but before you step one foot inside, you… Continue Reading
In 2013, we finally saw hard evidence that the real estate market is ready for some positive changes: home values have increased, bringing many underwater mortgages to value or better, foreclosures have slowed and everybody is generally in a pretty good mood. If you’ve been putting off buying a home, 2014 is your year. There… Continue Reading
2013 saw a lot of changes to the U.S. mortgage industry, from Fannie Mae’s elimination of 97 percent loans and the appointment of a new head of the Federal Housing Finance Agency to nation-wide changes to provide more leniency through FHA programs for troubled borrowers. The Ability-to-Repay Rule and Qualified Mortgage Rule made headlines and… Continue Reading
Mortgage news of the early bust years was filled with drama, doom and gloom, but at last, in 2013, the news is getting better. Delinquencies are down, rates are up and guidelines are getting tighter again as lenders and government agencies struggle to find a balance between customer safety and profitability. There was a lot… Continue Reading