Posts

Are China’s Woes Good for Mortgages and Real Estate? Yes, and No

CHINA LOWERED OUR INTEREST RATES Rates opened up lower today, partially because of the issues China is having with some of its more debt-laden companies such as Evergrande (the huge Chinese Developer teetering on bankruptcy, that was all over the news last week) – according to Barry Habib of MBS Highway. Mr. Habib reminds us […]Read More

4 Must-Know Facts About INFLATION, Housing, And Mortgages

INFLATION, HOUSING & MORTGAGES With inflation here and only expected to get worse, many potential buyers are getting nervous and wondering what to do. As a result, I thought I’d address a few major considerations today. 1. HOUSING IS AN INFLATION HEDGE/PROTECTION AGAINST INFLATION As a hard asset, housing tends to appreciate with inflation like […]Read More

How To Reduce Stress When Buying & Selling A Home

If you are simultaneously buying and selling a home, you are probably experiencing major stress levels. Is there a way to make this process less stressful? Here are three strategies to help you stay calm and focused while buying and selling a home. Have a Detailed Buying and Selling Plan A lot of the stress […]Read More

Different Types Of Mortgage Loans For Homebuyers

Homebuyers have many options when it comes to mortgage loans. Whichever loan you choose should be the best fit for your specific situation. Each program has particular qualifications and requirements. This blog will explain the details of the different types of loans that most homebuyers will encounter when planning their home purchase. FIXED-RATE LOANS Fixed-rate […]Read More

Borrowers In Forbearance See Credit Whacked! Purchase Market Lives: Texas Re-opens

FORBEARANCE IMPAIRS CREDIT – DESPITE “CARES ACT” On Saturday, David Stevens, former President of the Mortgage Bankers Association and the current CEO of Mountain Lake Consulting, posted a notice on LinkedIn stating that some creditors and credit bureaus are in fact showing mortgages in forbearance as “late” and “in forbearance” on credit reports. According to […]Read More

Rates Keep Falling; 15-Year vs. 30-Year Fixed-Rate Mortgages

Rates continue to fall in response to coronavirus concerns. They hit all-time record lows again today, as the entire mortgage industry scrambles to handle the influx of refinances. Don’t take the 15-Year Fixed! Take the 30-Year Fixed – Please! When rates move this low, borrowers often ask if they should opt for a 15-year mortgage […]Read More

Things to Know About Mortgages and Divorces

This is a popular blog from January that we think is worth repeating b/c the info is so important. Things to know about mortgages and divorces: 1. Spouse can quit-claim off title, but NOT off the loan. The only way a spouse can get “off a loan” is with a full refinance. 2. If a […]Read More