All about appraisals
A home appraisal is an important part of any home real estate transaction. Whether you’re buying a home, refinancing your existing mortgage, or selling your home, you’ll want to understand how the appraisal process works and how an appraiser determines a home’s...
De-bunking Mortgage Myths
Getting a mortgage can seem like a confusing process. This is especially true if you've never done it before. It doesn't help that there is a fair amount of incorrect and outdated information available online. Here is a video debunking some of those mortgage myths....
Existing homes sales are on the decline. That makes it a great time to sell.
Existing homes sale numbers fell .4% this month leading many to believe we are on a down swing. I think it is just a small dip and we will see an increase next month. More importantly if you are thinking of selling your house this would be a great time to do it. With...
The difference between a mortgage broker and a big bank
People ask me all the time: what is the difference between a mortgage broker and a big bank? This video pretty much sums it up!
Interest rates rise like a rocket and fall like a feather
It is a very interesting time in the bond market. The bond market typically has a huge impact on interest rates. The 10 and 30 year treasury bond is a measuring stick for investors and those in the mortgage business. They us it to gauge where the fixed interests rates...
Know Before You Owe
The pre-crash borrowers from early 2000 to 2008 made purchases with good faith numbers that included the APR, closing fees, pre-paids, and and any points associated with the loan. However, most still felt they did not fully understand the fees and loan terms. This is...
Why give the money to the big banks? Give it back to yourself!
All the rules do not apply to Big Banks and bankers. They do not have to show you what they are making fee wise. This is called yield spread. As a Broker we give the borrower the yield spread in a form of a credit to reduce your closing costs. The Banker and big banks...
Today’s home buyers are in different world – we’re here to help
The folks over at the Washington Post put together a great article outlining the differences between loan programs from a decade ago and those offered today. The bottom line is this: new mortgage rules are likely to affect your next home purchase. Many of...
Don’t let student debt keep you from the home of your dreams
The housing and mortgage markets are changing. In the 1970s, the average first-time home buyer was barely 30 years old. Fast forward to 2019, and the average age climbs to 32 years old. The shift in age may not seem like a big deal, but it's due in part to the...
Mortgage Rates Quietly Thunder to 1-Year Lows
This article is a great little piece that gives us perspective on the recent rate decline. http://www.mortgagenewsdaily.com/consumer_rates/897695.aspx