What the New Mortgage Rules Mean for Borrowers

What the New Mortgage Rules Mean for Borrowers

by | Jan 27, 2014 | Blog, Buyer Tips, Mortgages

Whether you’re refinancing your home loan or planning to buy a home in 2014, you’ll be among the first consumers to apply for a mortgage under new rules established by the Consumer Financial Protection Bureau. Known as “Qualified Mortgages” or QM regulations, these...
Death, Divorce and Distress in Closings

Death, Divorce and Distress in Closings

by | Dec 1, 2013 | Blog, Buyer Tips, Mortgages

eathivorceistress The 3 D’s will almost always delay a closing if they are discovered late in the game. DEATH If the property is held by someone who has passed away there are steps that must be taken to sell the property. If the property is held as “Joint...
Home Prices Rise Most Since 2006

Home Prices Rise Most Since 2006

by | Nov 8, 2013 | Blog, Mortgages

Home Prices continued higher for most of the metropolitan areas examined in the most recent quarterly report by the National Association of Realtors® (NAR).Median prices for the report were based on closings in the 3rd quarter. The number of MSAs with higher prices...
Credit Repair: How to Tell Fact from Fiction

Credit Repair: How to Tell Fact from Fiction

by | Oct 22, 2013 | Blog, Buyer Tips, Mortgages

While the real estate market and the overall economy continue to demonstrate signs of improvement, the current lending environment is still a dicey road for many prospective homebuyers. Stringent credit requirements are still widespread among lenders, making improving...
10 Commandments Home Buyers Must Follow

10 Commandments Home Buyers Must Follow

by | Jun 6, 2013 | Blog, Buyer Tips, Mortgages

1. Thou shalt not change jobs, become self-employed or quit your job 2. Thou shalt not buy a car, truck or van (or you may be living in it)! 3. Thou shalt not use credit cards excessively or let your accounts fall behind. 4. Thou shalt not spend money you have set...