Category Archives: Uncategorized

Are you still holding on to the American Dream of home ownership? If so, you probably know that obtaining a mortgage loan isn’t quite as easy as it was ten years ago. Banks have wisely become more cautious. But it … Continue reading →

When you’re thinking of purchasing a home, refinancing, or getting a reverse mortgage, you naturally want the interest rate and terms that will be most beneficial to you. In other words, you want to pay the least for the most … Continue reading →

Today, many who have attained the American Dream of home ownership are taking it a step farther – and dreaming of owning a vacation home. Many are making that dream come true. According to the National Association of REALTORS® (NAR), … Continue reading →

When you set out to purchase a home you have several financial factors to consider. First, of course, is the price of the home. Next is your mortgage interest rate. Those two factors, together with taxes and insurance, will determine … Continue reading →

Should a friend or family member ask you to co-sign a mortgage loan, the best thing you can do for everyone concerned is to say no. Let’s assume that it is your brother who has approached you about co-signing… Why … Continue reading →

First, what it does NOT mean is that you’re likely to see an immediate increase in mortgage loan rates. Mortgage rates are tied to the yield on mortgage-backed securities, which are tied to the yield on the U.S. 10-year Treasury … Continue reading →

What is a boomerang buyer? A person, or a couple, who lost their home when the real estate bubble popped back in 2006 and is now ready to re-enter the housing market. A recent study by TransUnion found that approximately … Continue reading →

As of October 3, 2015, the new TILA-RESPA Integrated Disclosures (TRID) rule is in effect. Under this rule, lenders are required to provide home buyers with a Closing Disclosure three days prior to their scheduled closing. This disclosure is intended … Continue reading →

Are you having a hard time finding a house with the size, the design, and the features you want? Consider having a home built to your own specifications. You’ll not only get a house that suits the way you and … Continue reading →

While Homewood Mortgage, the Mike Clover Group has been offering low loan origination fees in Texas and Washington for many years, lenders across the country have now started following suit. In fact, Bloomberg.com reports that in the 12 months ending … Continue reading →