Mortgage Applications Down From June – Mortgages

Mortgage applications: “Spring failed to inspire a surge in home sales nationally this year, even though mortgage rates are still reasonably low. Although economists insist that the housing market is on an upward trend, abnormal conditions left over from the recession continue to be a drag. Mortgage applications for home purchases as of June were down…

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Cash Sales and a return to Tradition?

Cash sales: “Cash’s grip on the housing market loosened during the first quarter as investors pulled back and more traditional buyers waded into the market, according to a new report from Zillow.” Surprisingly, over 75 percent of low-end home sales in some of the nation’s biggest and most populous cities were transferred as cash deals. However, even…

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Mortgage Rates at a Low – Mortgages

“Mortgage rates fell last week, and in an unusual convergence, so did applications for refinances and home purchase loans. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.26 percent from 4.31 percent, according to the Mortgage Bankers Association. Interest rates on jumbo and federally insured FHA…

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Spring Clean Your Credit! – Mortgages

Spring cleaning is never completely finished without cleaning up your credit score. As Easter passes by, and we reach the warm spring weather, we all begin to tidy up our homes, our lives, and our relationships. However we cannot forget to clean up our credit history, which will lead to much more stable and successful finances.…

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New Benefits of Bridge Loans – Mortgages

Due to a growing popularity of bridge loans, many people are curious to know what this loan is all about and how they can use it. To put it simply, a bridge loan is a short term loan that bridges the gap between two long-term financing loans.   Click here to read about the benefits…

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The Growth of VA Loans and Veteran Benefits – Mortgages

Since 1944, the VA Loan, presented by the Veterans United Home Loans program, has been a tremendous help in financing housing opportunities for over 20 million U.S. Veterans and their families. Despite the sluggish trends of our economy lately, the VA Loan is still thriving, and displaying more growth than ever before. This article, directly…

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Mortgages: An Introduction

Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared. Once a simple task that meant comparing fixed rates from among perhaps a dozen or fewer savings and loan companies, the mortgage hunt today is like finding your way through a maze.…

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