Eric Harlington's (eharlington) Blog

Mortgage and Lending - Guaranteed Rate NMLS# 2611 - 173124
Even with the current economic climate, homeownership is more reasonable than ever, thanks to low interest rates and lower home values. For buyers who manage to have a twenty percent down payment, they believe this will get them the lowest monthly mortgage expense. However, simply because buyers ...
With rents rising faster than last year, the picture for residential real estate investors is getting even better than it already was as a result of once-in-a-generation prices and low interest rates  for investors and real estate professionals. We need to address concerns over near term price de...
It’s no secret that the real estate market is rapid changing and adapting to our new economic state, however I recently found an article that I found interesting about home occupancy, more specifically the divide between renters and owners. Renters now spend five percent more of their household b...
According to the National Association of REALTORS, existing-home sales were down in September compared to that of August, yet remain well above a year ago. Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 3.0 perc...
First-time home buyer interest in short sales have been severely discouraged recently due to processing delays, according to the latest Campbell/Inside Mortgage Finance Housing Pulse Tracking Survey. It is estimated that short sales account for more than one of every six house sales. The amount o...
In recent news there have been signs indicating defaults are slowly but steadily declining as more homeowners pay their mortgages on time. The percentage of mortgages in default more than 60 days in Fannie Mae’s portfolio have fallen to the lowest level in two years. This is great news and gives ...
In today’s real estate market it’s important to consistently seek new information and trends to stay ahead of the pack. In a recent interview with Cheryl Russell, (Russell's company, New Strategist Publications, recently published its third edition of "Americans and Their Homes: Demographics of H...
In this struggling economy, The New Bottom Line (a nationwide campaign representing 1,000 faith-based and community organizations across the country) are looking for aid to the economy by writing down all underwater mortgages. The idea is that Wall Street and banks should be held accountable for ...
While the economy still looks a little disconcerting to some looking to invest in the housing market, individuals on the fence are being offered more opportunities in the way of historically low rates and buyer incentives. Is now the right time to buy? Let’s look at some facts:   30-year fixed-ra...
When it's cheaper to own than rent... that has to be great news! It seems that almost daily first time home buyers are getting information that makes that buy vs. rent decision a little easier. According to a new report released by real estate search site residential rental rates have...

Eric Harlington

VP of Mortgage Lending
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