The 5 C’s of Mortgage Underwriting

by manager | May 9, 2024 | Mortgage Application

Buying a home is one of the most significant financial decisions most of us will ever make. It’s a journey filled with excitement, anticipation, and sometimes, a touch of anxiety. Among the many steps involved in this process, understanding mortgage underwriting...

APR vs. Interest Rates

by manager | May 8, 2024 | Home Mortgages

If you’re gearing up to dive into the world of real estate, there are a few key terms you’ll want to wrap your head around before taking the plunge. Today, we’re demystifying APR and interest rate, two crucial concepts that can impact your...

Deciding Between 30-Year vs. 20-Year Mortgages: Which Is the Right Fit for You?

by manager | May 7, 2024 | Mortgage Rates

Are you in the market for a new home? One of the most crucial decisions you’ll face is choosing the right mortgage term. With options like 30-year and 20-year mortgages available, it’s essential to weigh the pros and cons to make an informed decision that...

What’s Ahead For Mortgage Rates This Week – May 6th, 2024

by manager | May 6, 2024 | Financial Reports

Week in Review With the passing of the Federal Open Market Committee rate decision panel, we now have definitively confirmed that the Federal Reserve intends to keep the rates at a two-decade high, for the sixth straight meeting by a unanimous vote. Jerome Powell had...

What Every Homeowner Should Know About Mortgage Forbearance

by manager | May 3, 2024 | Mortgage Tips

With all of the economic uncertainties, many homeowners find themselves facing financial hardships that impact their ability to meet mortgage payments. Whether it’s due to job loss, medical emergencies, or other unexpected circumstances, the fear of losing...

Mortgage Tips for Empty Nesters: Downsizing and Relocating

by manager | May 2, 2024 | Homebuyer Tips

So you are soon to be an empty nester! With the kids flown from the nest, it’s your time to welcome a new chapter of freedom and flexibility. Whether you’re looking to downsize to a cozier space or relocate to your dream destination, navigating the...

The Role of a Co-Signer in Mortgage Applications: Pros, Cons, and Alternatives

by manager | May 1, 2024 | Mortgage Application

Are you dreaming of owning your own home but facing obstacles in securing a mortgage? You’re not alone. Many aspiring homeowners encounter challenges due to factors like credit history, income, or debt-to-income ratio. There is a potential solution that could...

Choosing Between a Home Equity Loan and HELOC

by manager | Apr 30, 2024 | Mortgage Tips

As a homeowner, tapping into your home equity can be a strategic financial move. Whether you’re renovating your house, consolidating debt, or covering major expenses, two popular options stand out: home equity loans and home equity lines of credit (HELOCs)....

What’s Ahead For Mortgage Rates This Week – April 29th, 2024

by manager | Apr 29, 2024 | Financial Reports

At Wednesday’s meeting, the Federal Open Market Committee (FOMC) is widely expected to maintain the current federal funds rate target range of 5.25% to 5.50%. This decision comes amidst conflicting economic signals. Tailing that, there is the Chicago PMI,...

Making Homeownership a Reality: Exploring Affordable Housing Initiatives

by manager | Apr 26, 2024 | Home Buyer Tips

In the realm of real estate, the dream of homeownership often feels like a distant horizon for many individuals and families. Skyrocketing property prices, coupled with stagnant wages, have created significant barriers to entry into the housing market. However, amidst...