mortgage: Why Are Mortgage Interest Rates Increasing? - 11/22/16 03:52 PM
Why Are Mortgage Interest Rates Increasing? According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly.
Why did rates go up? Whenever there is a presidential election, there is uncertainty in the markets as to who will win. One way that this is noticeable is through the actions of investors. As we get closer to the first Tuesday of November, many investors pull their funds from the more volatile … (0 comments)

mortgage: Why Is There So Much Paperwork to Sign to Get a Mortgage? - 08/30/16 03:25 AM
Why Is There So Much Paperwork to Sign to Get a Mortgage? We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.
Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.
There are two very good reasons that the loan process is much more onerous on today’s buyer … (0 comments)

mortgage: 2 Myths About Mortgages That May Be Holding Back Buyers - 08/22/16 10:42 PM
2 Myths About Mortgages That May Be Holding Back Buyers Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Studyrevealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.
Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.
Many believe that they need at least 20% down to buy their dream home. New programs actually let buyers … (0 comments)