Tag Archives: Applying for a mortgage

Home-Buying Myths About Mortgages

Think you’re not ready to unlock home ownership yet? That the financial hurdles are too high? You may be short-changing yourself. Many of the things renters believe about home-buying are myths. Here’s the real deal. Myth: I Have to Put Down 20%. … Continue reading

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Existing-Home Sales Climb 2.5% in July

WASHINGTON (August 21, 2019) – Existing-home sales strengthened in July, a positive reversal after total sales were down slightly in the previous month, according to the National Association of Realtors®. Although Northeast transactions declined, the other three major U.S. regions … Continue reading

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What the Fed’s Rate Cut Means for Buyers

The Federal Reserve on Wednesday cut interest rates for the first time since the Great Recession took hold in 2008, though the move is not likely to deliver significant juice to an already favorable borrowing environment for home buyers. The … Continue reading

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Mortgage Rates Drop to 2-Year Lows

This marks the sixth consecutive weekly decline for mortgage rates, leaving some borrowers wondering how low will they go. The 30-year fixed-rate mortgage averaged 3.82% this week, the lowest average since September 2017.  “While the drop in mortgage rates is … Continue reading

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Lower Mortgage Rates May Sprout Early Spring Buying Season

Mortgage rates inched lower for the third consecutive week. Freddie Mac Chief Economist Sam Khater says the lower rates bode well for the spring home buying season, typically the busiest time of the year for home shopping. “Mortgage rates … … Continue reading

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Applying for a Mortgage Loan?

Be prepared….. having the following documents available will help streamline the application process. Employment History/Income Source: Name, address & phone numbers of all employers for the past two (2) years. W2’s for past two (2) years. Most recent pay stub from employer. … Continue reading

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