4 Major Factors of a Housing Crash and Why We Aren’t in One

by mylenderjackie | Apr 11, 2022 | Blog

With interest rates increasing and home prices seeming to skyrocket, many people are fearful that the real estate market is heading for a big bubble burst or a gigantic crash. But learning from housing market crashes of the past, there are four major signifiers that...

How Many Mortgage Lenders Should You Apply To?

by mylenderjackie | Jan 19, 2022 | Blog

How Many Mortgage Lenders Should You Apply To? It is not uncommon to hear that you should shop around when applying for a mortgage. But what is often not advised is just how many different mortgage options you should look at or how exactly you should carry out your...

Mortgages Near $1 Mill. Backed by Fannie Mae and Freddie Mac

by mylenderjackie | Dec 6, 2021 | Blog

For many years the federal entities of Fannie Mae and Freddie Mac would back mortgages and purchase them from lenders within certain rules. Traditionally Fannie Mae and Freddie Mac set a limit on how much a mortgage lender can lend out for them to guarantee and back a...

Should You Pay Off Your Mortgage Early?

by mylenderjackie | Jul 19, 2021 | Blog

The thought of paying off your mortgage early is an exciting one as you will no longer have to pay interest on your home. But both the pros and cons of paying off your mortgage early should be considered before you actually do so if you have the means. In some cases...

Should You Be Concerned Mortgage Rates Have Risen to 3%?

by mylenderjackie | Mar 22, 2021 | Blog

Recently Freddie Mac, one of America’s leading mortgage lending giants, announced that their 30-year fixed-rate mortgage interest rate was at just over 3%, 3.02% to be exact. This is the first time that mortgage rates have been at the 3 percentile since July of 2020....

Is it Wise to Buy a Car Using a Home Equity Loan

by mylenderjackie | Dec 14, 2020 | Blog

Is it Wise to Buy a Car Using a Home Equity Loan – The most common way that people purchase a car is through a traditional home loan, but some people do choose to finance a car using a home equity loan. What is the better way to go? Is it a good idea to use a...