The Refinancing Window Is Closing Interest rates are creeping up and property values are starting to fall from their peak. Homeowners hoping to capitalize on an equity spike need to get their refinancing deals settled now. If you are considering listing now, put your house on the market today. However, potential buyers may benefit…

Ginnie Mae Offers A 40 Year Mortgage Modification To Struggling Homeowners As the forbearance programs come to an end, Ginnie Mae is rolling out a new mortgage program that could provide a permanent solution for financially challenged homeowners. By extending the life of the mortgage, monthly payments are significantly reduced. The forbearance program enrollment ends…

Fannie Mae Will Consider Rental History For Applicants With Thin Credit Fannie Mae is adding a new feature to their automated underwriting system. If you have been paying your rent reliably and this is reflected in your submitted bank statements, the app will automatically identify your rent payments and consider them as part of your…

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…