Finding a New Home for Your Next Stage of Life

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Finding a New Home for Your Next Stage of Life Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, …

Mortgage Programs — Don’t Look Now, but…

Washington Realty Group Mortgage , Real Estate , Real Estate Market Trends , Real Estate News , Selling a Home Leave a Comment

Democrats and Republicans Could Make 2020 Even Worse The impasse between the House of Representatives in Washington D.C. and the White House may impact many homeowners and renters. Even with the 7.9% unemployment rate most homeowners and renters have been able to make monthly payments because of the funding agreed to by Congress and the White House in May of …

Your Mortgage Refinance Cost Thousands More, Thanks To A New Fee Starting December 1

Jim Clifford Buying Real Estate , Mortgage , Mortgage Rates , Real Estate Leave a Comment

Refinancing is set to get more expensive. A new fee, known as the “adverse market refinance fee” (Fannie Mae) or the “market condition credit fee” (Freddie Mac), will be added to most refinance mortgage loans sold to either Fannie Mae or Freddie Mac. The fee is a flat 0.5% or 50 basis points of the total loan amount, adding hundreds …

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

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WHY ARE MORTGAGE RATES SO LOW? In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t …

VA Loans – The Best VA Loans of 2019 By U.S. News & World Report

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Qualify for a VA loan with no down payment and lower credit score requirements than other loans. Since 1944, the U.S. Department of Veterans Affairs has helped service members, veterans and their families become homeowners with the VA loan program. If you are eligible for a VA loan, you could receive several benefits by using this program instead of a …

Home Equity Loans – The Best Home Equity Lenders of 2019 By U.S. News & World Report

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See how to qualify for the best home equity loan and access your home’s equity for home improvements or major purchases. One of the benefits of home ownership is building equity. Your home equity is how much your property is worth compared with how much you owe on any mortgage for it. Your home’s equity can be a valuable asset …

Tools modifying a loan document

Beware of Today’s Loan Modifications. By Lisa A. Schultz- Chicago Title

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Beware of Today’s Loan Modifications. There is a new loan modification that some banks are using that could cost homeowners tens of thousands of dollars over their current loan amount. In the early 2000s, and during the recession years of 2008-2012, when homeowners faced financial hardships they could contact their lender to ask for a loan modification. If the lender …

Mortgage application loan agreement and house key

THERE IS NO SUCH THING AS A FREE MORTGAGE – By, Jodi Longley – CMG Financial

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Recently I had a client contact me regarding a call they received from an online mortgage lender. My client, who is a disabled veteran, purchased his first home and I had helped him obtain the loan. This online mortgage lender said they could refinance his home at no costs and save my client money. Thankfully, my client made a very …

Grow Your Down Payment With HomeFundIt

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Grow your down payment with HomeFundIt. Crowdfund to raise funds, shop with UpIt to get funds pledged, or do both! Start Crowdfunding Share your story online. Family, friends, and strangers can give to support you in becoming a homeowner Participating Stores Shop at participating retailers and a percentage of your purchase goes toward HomeFundIt campaigns. No transaction fees, almost anyone …