May 2, 2024 What to Know About Mortgage Preapproval Having mortgage preapproval has always been important, but it might be even more significant than it was a half-decade ago. NEW YORK – Shopping for and ultimately purchasing a home can feel like a day at an amusement park. Much like a ride on a roller
April 17, 2024 By Taylor Getler Don’t jeopardize your chances of getting your dream home after getting preapproved for a mortgage by taking out new lines of credit or other missteps. NEW YORK — If you’re ready to shop for a new home, a mortgage preapproval letter shows sellers that you’re a serious buyer
Buying a Flipped House: Is It Right for You? Flipped homes can provide you with a spiffed up house that’s move-in ready or a lemon hiding behind freshly painted walls. • Mar 02 2023 In this article: How to spot a flipped home Important questions to ask about a flipped home Fast flips and subpar
Your Fixed-Rate Mortgage Payment Skyrocketed? January 18, 2023 By Amber Bonefont Some Fla. homeowners do double takes after their monthly mortgage payment goes up hundreds of dollars, but blame goes to the escrow and insurance portions. FORT LAUDERDALE, Fla. – Many homeowners across South Florida are having sticker shock when receiving notices of a shortage
November 18, 2022 Weekly Drop in Rates Saves Buyers $100 per Month By Kerry Smith In real-world terms, this week’s mortgage rate drop (from 7.0% to 6.61%) saves typical buyers $1,200 per year – or gives them $12K more in purchasing power. SEATTLE – This week’s largest drop in mortgage rates in four decades (from
May 4, 2022 Lots of Help Available for Down Payments By Lew Sichelman The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts. SARASOTA, Fla. – Lawmakers in Washington have earmarked billions of dollars for down payment assistance for
March 30, 2022 Proof that Prices Won’t Fall? The New-Home Market By Chris Arnold There’s not enough supply (homes) to meet demand, with little relief in sight. The U.S. needs about 3M more homes, and it will take years for builders to catch up. BOSTON – Emerson Claus has been building houses for 45 years.
Tool Can Shorten Loan Processing by 15 Days? February 17, 2022 Freddie Mac has a new “automated method” to analyze incomes based on direct deposits. Up to 93% of borrowers could see a quicker loan-process timeline. WASHINGTON – Freddie Mac is launching an automated method for lenders to assess prospective borrowers’ income paid through direct deposits.