Learn The 4 Tricks To Choosing The Right Mortgage Lender For You | Team Success Listing LLC Buying a home is an exciting experience, but it can also be stressful, especially when it comes to choosing a *mortgage lender. The right lender can help you secure the financing you need to purchase your dream home […]
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 […]
This article in the RealtorMag dated 11/14/2014, Mortgage Rates Still Near Yearly Lows, quotes Freddie Mac on last weeks mortgage rates … The 30-year fixed-rate mortgage is hovering around 4 percent. This has been keeping borrowing costs low for refinancers and home buyers for the last few weeks, Freddie Mac reports in its weekly mortgage market survey. […]
To avoid some of the biggest missteps, you should first know what they are … The 8 Mortgage Mistakes You Can’t Afford to Make by Craig Donofrio in this months article from Housing Trends eNewsletter … Picking out the perfect home can be a challenging task. But that’s only the first step. You still need to be an attractive […]
Plans to expand buyers access to mortgages by loosening standards, announced 10/21/2014 here in RealtorMag, FHFA’s Dramatic Easing of Mortgage Standards … Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers’ access to mortgages by loosening up lending standards. FHFA’s Latest Efforts FHFA Unveils New Plans to Make Mortgages Easier to […]
Mortgage rates down slightly this week, RealtorMag shares this information from their story dated 07/18/2014 in which they quote Freddie Mac… National averages on fixed-rate mortgages inched down this week, keeping borrowing costs near historic lows, Freddie Mac reports in its weekly mortgage market survey. Freddie reports the following national averages with mortgage rates for […]
Interest rates may rise sooner than expected, according to the Federal Reserve this will hinge on the labor market, new article in the RealtorMag dated 07/16/2014 quoted Janet Yellen…… Federal Reserve Chairwoman Janet Yellen said that the Fed may need to raise interest rates sooner than expected, but it all will hinge on the labor […]
e-Mortgages Will Speed Closings and Cut Costs according to Fannie Mae. This weeks mortgage article from RealtorMag talks about electronic mortgage processing… An electronic mortgage process could cut 30 days off the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages. What’s more, […]
Loan demand rises 3.6% according to this article in the May issue of RealtorMag, as interest rates drop… Mortgage applications were on the rise this week as interest rates dropped to the lowest level in six months, the Mortgage Bankers Association reported Wednesday in its weekly market survey. Mortgage applications, reflecting applications for home […]
Buying a Metamora home, 0 down mortgages. A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home with NO Money Down. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or […]