Tag Archives: loan

5 Surprising (and Useful!) Ways to Save for a Down Payment

Posted on June 5, 2017 by Debbie Prosser

One of the biggest misconceptions of homebuying? The 20% down payment. Here’s how to buy with a lot less down. Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on 5 Surprising (and Useful!) Ways to Save for a Down Payment

Homeowners Cash in on Equity in Droves

Posted on June 1, 2017 by Debbie Prosser

Daily Real Estate News | Thursday, June 01, 2017 Homeowners may be reluctant to sell, but they still want to see a piece of that equity in their homes now. They’re cashing out in levels that have not been seen … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Homeowners Cash in on Equity in Droves

Credit Scores Hit Record High

Posted on May 31, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, May 31, 2017 Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Credit Scores Hit Record High

Lower Rates Buoy Refis, Not New Mortgages

Posted on May 25, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, May 24, 2017 Lower mortgage rates are prompting homeowners to refinance, but applications for home purchases aren’t rising. The Mortgage Bankers Association reported on Wednesday that total mortgage applications—including for refinances and home purchases—rose … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Lower Rates Buoy Refis, Not New Mortgages

Owners, Appraisers Aren’t Seeing Eye-to-Eye

Posted on May 11, 2017 by Debbie Prosser

Daily Real Estate News | Thursday, May 11, 2017 Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500. The gap … Continue reading →

Posted in Mortage/ Finance News, Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Owners, Appraisers Aren’t Seeing Eye-to-Eye

Lower Mortgage Rates Boost Loan Demand

Posted on April 26, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, April 26, 2017 Total mortgage activity—which includes applications for refinancings and home purchases—rose 2.7 percent on a seasonally adjusted basis as homeowners rushed to take advantage of lower mortgage rates. The refinance market was … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Lower Mortgage Rates Boost Loan Demand

Closing Timelines Get Even Shorter

Posted on April 24, 2017 by Debbie Prosser

Daily Real Estate News | Monday, April 24, 2017 The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae’s Origination Insight Report. A year ago, … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Closing Timelines Get Even Shorter

FHA Strong Enough for MIP Cut, Analysis Suggests

Posted on February 24, 2017 by Debbie Prosser

Daily Real Estate News | Friday, February 24, 2017 Is now a good time for FHA to reduce hurdles to homeownership with a lower mortgage insurance premium? NAR says yes, but the Trump administration and some members of Congress aren’t … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on FHA Strong Enough for MIP Cut, Analysis Suggests

Survey: Despite TRID, Closing Hiccups Persist

Posted on February 20, 2017 by Debbie Prosser

Daily Real Estate News | Friday, February 17, 2017 More than half of lenders last year gave loan estimates to home buyers that later had to be revised before closing, according to a new survey released by ClosingCorp, a provider … Continue reading →

Posted in Mortage/ Finance News | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Survey: Despite TRID, Closing Hiccups Persist