A Better Renovation Loan Is Available
The nation's housing supply is aging, so that new house you want to buy more than likely needs some repairs. Homeowners typically take out a second loan for renovations or put the cost on credit cards. The credit terms for the renovations are usually much less favorable than the…
This Is The Time To Sell or Tap Your Equity
Fall usually brings a decrease in activity in the real estate market, and home prices tend to fall during this time of the year. While we are still in the midst of an unprecedented rise in real estate prices, the market is cooling off slightly.…
Homes Are Selling In Days After Being Listed
There is currently more demand for homes than there are homes on the market. Not only is this driving up prices and creating bidding wars, it is also drastically reducing the time it takes to sell a home. If you list, be prepared to move fast. Sellers…
The Current Housing Boom Is Correcting The Underwater Mortgage Trend
Real estate prices have been driven up by a surge in demand and a lack of new construction. For the first time since the housing crash in 2008, some homeowners have the chance to get out of their underwater mortgages. Despite the fact that…
An Aggressive New Mortgage Assistance Program Is Part of the American Rescue Plan
The Biden administration is launching the Homeowner's Assistance Fund as part of the American Rescue Plan. States will receive block grants to provide mortgage assistance, and lenders will be required to offer the aggressive new mortgage modification program to all borrowers.…
Low Mortgage Rates Are Bringing Buyers To The Real Estate Market
Mortgage rates are at a historical low. Some lenders are even offering loans at less than 1% APR. The rates are the lowest they have been since this winter, and are scheduled to remain this low for at least the next month. Many…
Mortgage Rates on Trend To Remain At Record Lows
Mortgage rates have been below 3% for the past twenty days. Predictions speculate that the rates will remain in a stable low for the rest of the month, then slowly begin to climb again. This is an ideal time to refinance your home. It is also…
Rising Real Estate Prices Raise Homeowner Equity by 20%
Real estate prices have risen sharply, making homes more valuable. Homeowners throughout the US are currently seeing a 20% increase in equity. While some homeowners are profiting from the surge by selling, this equity can also be tapped through home equity lines of credit and cash-out…
A proposed fee for federally-backed mortgage refinances which was set to go into effect on September 1st has been delayed until December 1st in response to delays in the implementation due to coronavirus.
This fee, which on average will cost refinancers $1,400 will, was created to support Freddie Mac and Fannie Mae deal with expected…