Mortgage Requirements are Beginning to Ease Up for Borrowers
There is good news for mortgage applicants, qualifying requirements are beginning to ease up after the strict tightening we saw at the height of the pandemic. According to reports mortgages were around 2.2% easier to attain approval on in April as compared to March....
New Mortgage Refinance Could Help Millions of Homeowners
There is a new mortgage refinance program being launched shortly by the U.S. government. Eligible borrowers will be able to refinance their current mortgages at a lower interest rate and lower their monthly house payments beginning in the summer of 2021. This new...
Tips to Boost Your Credit Score to Obtain the Best Mortgage Rates
The three-digit number that is your credit score puts a big impact on your ability to qualify for a mortgage loan and what interest rate you will be offered. An interest rate plays a very significant role in how much home you can afford as it makes a dramatic impact...
Mortgages for Second Home and Vacation Homes in 2021
Right now could be a good time to purchase a second home. Not only do second homes save money on the expensive hotel costs of vacations, they can also be used as a potential source of income. Today’s current low mortgage rates could make purchasing that second home,...
New Jumbo Loan Mortgage Only Available in California
There are some great new Super Jumbo Loans available in California only, making purchasing homes at higher California price points more accessible to buyers. Read on to learn more about jumbo loans and super jumbo loans and the terms of these great new loan products....
How Mortgage Interest Rates Impact A Home Buying Budget
Mortgage interest rates have been on the rise since the beginning of 2021, but are still very low as compared to pre-pandemic rates. When there is a change in mortgage rates, it can have an impact on your home buying budget. Since January, mortgage rates have...
Should You Be Concerned Mortgage Rates Have Risen to 3%?
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....
Why Lenders Offer Different Mortgage Interest Rates to the Same Applicant
If you are one of the few potential home buyers that shop for a loan among several different lenders, you may have noticed that they do not all offer the same interest rate. In fact, the “costs” of each loan can differ greatly from one mortgage loan to the next. Why...
What Not to Do After Mortgage Pre-Approval
Getting pre-approved for a loan should be the first and is the best step you can take in your home buying process. Before even looking at homes, you should talk to a mortgage broker or lender to see what your options are. A pre-approval tells you what a bank is...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.