Closing Costs For Buyers | Donald Horne, Team Success Listing LLC Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days […]
What is really going on with the Oxford Michigan real estate market? In the last 30 days, 38 homes have sold at an average price increase of 5.0% over last year at this time. Days on market are at 18 days until sold and 60 new listings at an average price of $287,000. Since the […]
Imlay City MI | Getting Pre-Approved Should Always Be Your First Step If you are looking for city-living style with a flair of urban village, Imlay City has everything to offer and more. Today, we would like to talk about Getting Pre-Approved Should Always Be Your First Step. In many markets across the country, the […]
Dryden MI | Freddie Mac: Rising Mortgage Rates DO NOT Lead To Falling Home Prices If you are looking to buy a home in Dryden MI, as real estate agents, we want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. […]
Rural Development Loans Just Got Better! Mortgage Broker, Linda Sinacola (PLB Lending – 248.931.9600) just shared with me that mortgage insurance has dropped drastically on the new RD mortgages! The upfront guarantee fee is now 1%, that’s down from 2% and the monthly mortgage insurance is now only .35% instead of .85%. Many areas qualify […]
“so the client has 3 percent equity immediately…” Quicken Loans has been fairly hush about its latest offering of a super low down payment mortgage, even as rival bank giants like Bank of America, Wells Fargo, and JPMorgan Chase all tout their new 3 percent down mortgage products. But late last year, Quicken Loans quietly […]
“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by […]
The Buyers Are Coming … Mortgage rates may have inched up slightly but that didn’t seem to deter home buyers from shopping for a loan last week. Mortgage application volume rose 2.3 percent week-over-week on a seasonally adjusted basis, driven by an uptick in home purchase applications, the Mortgage Bankers Association reports. Mortgage applications are nearly […]
The 30-year fixed-rate mortgage averaged 3.57 percent in the most recent week, the lowest average in three years, Freddie Mac reports in its weekly mortgage market survey. “Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late March,” says Sean Becketti, Freddie Mac’s […]
Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48 […]