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 […]
Imlay City MI | Getting Pre-Approved Should Always Be Your First Step
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 […]
Andrew’s River Estates, Lapeer MI – No … You Do Not Need 20% Down to Buy Now!
Buyer confidence in Andrew’s River Estates remains strong with some changes that varies on the price level and what type of houses they are looking for. For most families, choosing a new home is the biggest financial decision they will ever make and for that reason, there are many complicated decisions involved in choosing your […]
Credit Mistakes Potential Home Buyers In Lapeer Make
“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 […]
In Lake Orion, Mortgage Applications Rose 2.3%
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 […]
Mortgage Rates Drop To 3 Year Lows
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
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 […]
Mortgage Closing Times Lengthen Again
The time to close on a mortgage loan is once again increasing. The average time in January climbed to 50 total days, up four days since the “Know Before You Owe” mortgage disclosure rules took effect in October, shows a new report released by Ellie Mae. Over the past year, the average time to close […]