2015: The Year to Buy

It’s official. 2015 is truly the year to buy your dream home. According to U.S. News, the tough market for buyers will disappear, and the power of negotiation and decision is moving back to the buyers, where it truly belongs. It also seems that the millennials are taking over the market, shrinking the population of…

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Mortgage Is Getting Easier – Mortgages

Everything you ever thought about the concept of mortgages is about to be flipped and twisted. “For years now, if you didn’t have near perfect credit and a hefty 20% down payment, chances were slim that lenders would give you a mortgage. But that’s all about to change. That’s because Fannie Mae and Freddie Mac,…

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Low Mortgage Rates! – Mortgage

It’s been verified, folks. For the eighth straight week, fixed mortgage rates have slid under 4%. This is wonderful news. “Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, down from 3.82 percent at this same time last week. The 30-year fixed [rate] fell…

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Tacfi: Your New Favorite Website – Mortgages

A website where you can input your financial status, and receive predictions on equity, costs, and acquired interest? Sign me up! “The mortgage industry has a history of screwing things up. Maybe the intentions are good but the process couldn’t be more confusing. Throw in all the confusing lender jargon like amortization or APR and…

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Why Ben Bernanke Can’t Get a Mortgage

We have all heard about how difficult it can be lately to get a new mortgage or refinance your home.  But to learn that Ben Bernanke, former Chairman of the Federal Reserve, cannot refinance either, is daunting at best.  It all boils down to job change.  Read more in the article below from Neil Irwin…

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Economic Growth: For the Best? – S.S./Fore.

I hate to post on bad terms, but the recent economic growth is having an adverse effect on housing demand. But don’t fret, there are optimistic benefits; you’ll see. “The U.S. economy is definitely growing after a disappointing start to the year, but it’s a double-edged sword for housing demand. On the one hand, lackluster economic…

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Neighbors: They Can Help! – Mortgages

When buying a home, most buyers only think about themselves, and how they can improve the quality of their home and living. However, many don’t appreciate how much neighbors can assist in the process. “When preparing to sell your home, you probably spend a lot of time and energy getting it in its best showing…

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Mortgage-Relief Scam? – S.S./Foreclosures

“If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times. The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused of…

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Saving Money For Buying a Home – Mortgages

As summer comes to a close, we welcome in a big season for big moves. Whether you’re renting, buying, or even just investing, you really need to plan out your expenses, and put aside a generous sum for the deposits. To do this, you’re in need of some new saving techniques. “Interest rates remain historically low…

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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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