News

4 minutes read
Mistakes happen, even on your credit report. If you don’t review your report periodically though, you’ll never know when those mistakes occur. Worse yet, you won’t have them fixed, which can be detrimental to your financial future. Compare Offers from Several Mortgage Lenders. So how do you know when there are errors and what can you do about them? Read this helpful guide to see the steps you must take to...
3 minutes read
The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits. In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the costs of using a reverse mortgage exceed the total amount of Social Security benefits one could receive in a lifetime by delaying it, and (ii) th...
4 minutes read
If you had to file for Chapter 7 Bankruptcy, don’t worry, you aren’t alone. Millions of Americans have to file for this BK in order to get the fresh start that they need. It’s how you conduct your finances after the discharge of the Chapter 7 bankruptcy that will determine your ability to buy a house in the near future Looking for Current Mortgage Interest Rates? Click Here. THE WAITING PERIOD Each loan h...
3 minutes read
One of the most important tips to know when you decide to refinanceis: “never rush.” A lot of people end up paying more than they should or not getting what they originally intended to have with their re-mortgage because of inadequate planning, or going over the processes without exploring other options. It is important to keep in mind that when you refinance, you are: a) restarting your mortgage clock; an...
2 minutes read
The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that remained unchanged on a seasonally adjusted basis last June. Let’s help you find a mortgage lender.» FED SAYS NO TO RATE HIKE FOR NOW The Federal...
4 minutes read
You are in the market for a home – congratulations! You have many decisions ahead of you, though. Your first decision should be whether to buy a ‘for sale by owner’ home or a newly constructed home. A newly constructed home may be something you always dreamt of, but don’t discount the benefits of a FSBO. Looking for Current Mortgage Interest Rates? Click Here. Here are the top 5 reasons you may want to...
3 minutes read
The state of Pennsylvania offers first-time homebuyers special benefits to help them become homeowners. The assistance includes down payment assistance and closing cost assistance, making it more affordable for first-time homebuyers to own a home. Compare Offers from Several Mortgage Lenders. KEYSTONE ADVANTAGE ASSISTANCE LOAN PROGRAM If you need closing cost or down payment assistance, the Keystone Advantage A...
5 minutes read
Homeowners commonly choose to refinance for a variety of good reasons. Mostly, it is to score better mortgage terms–whether it is to lower your interest rate, shorten your term, remove mortgage insurance or any other personal benefit. According to recent news, refinances have been in high demand lately. THE HIGH DEMAND FOR REFINANCING Ellie Mae recently released the latest Origination Insight Report showi...
5 minutes read
A home purchase agreement is put in place to protect the buyer and the seller. It helps the seller make sure they get the money they deserve after taking the home off the market for you while you get your affairs in order. It helps the buyer by giving you time to back out of the contract should you find a reason to do so if something comes up that you don’t like. It also protects you, the buyer, from any frau...
3 minutes read
Refinancing home mortgages have been gaining popularity among homeowners. While mortgage rates continue to rise, it’s not surprising to get tempted to refinance a mortgage at some point. But then this move is only beneficial for certain situations. Before making a decision, it’s important to consider a few things. You need to ask yourself if your current situation calls for a refinance and that if it’s ...
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