Category Archives: Mortgage

Refinance Volume Continues Upward Trend

Conventional refinances continue to be hot in 2012.  Regardless of the value of their homes, owners are taking advantage of historically low-interest rates. Information taken from Mortgage News Daily – Refinancing through Freddie Mae and Fannie Mae jumped sharply in August … Continue reading

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Low Home Appraisals Are Still A Problem

A couple of weeks ago, I posted an article about the dominance of refinances in the mortgage market (see here). This trend is likely to continue, at least for the near term, as housing values continue to delay, cancel, and … Continue reading

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3 Refinance Trends in 2012 – Likely to Continue

Remember the days of the ‘cash out refi’?  When homeowners eager to make a large purchase, consolidate debt, or splurge on a big vacation, would pull money (equity) out of their homes through a refinance. Those days seem to be … Continue reading

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Mortgage Rates Continue to Drop

Interest rates across the board continue their downward plunge into record low territory.  30-year fixed-rate mortgage (FRM) averaged 3.36 percent with an average 0.6 point for the week ending October 4, 2012, down from last week when it averaged 3.40 percent. … Continue reading

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Refinances Dominate Market

I read an interesting article this morning, about mortgage loan market share (I know, who really thinks that is interesting).  What struck me was the actual number of refis taking place vs. purchases. The current number is 81.2% of all mortgage … Continue reading

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Questions To Ask Yourself Before You Buy

Thoughtfully Consider Your Purchase… This may sound like a no brainer, but if you’ve never gone through the process of buying a home, you’ll find that there is much to think about. Buying a home can be one of the … Continue reading

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When Paying Your Mortgage, Faster is Better

Originally posted on RE/MAX Rewards:
It’s no secret that paying off your mortgage before the loan term is up can save you some big bucks. Putting a little extra money toward your principle each month can really add up,…

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Want A Better Mortgage Loan Rate?

Originally posted on The Joy of Tax Law:
If you want a better loan rate than your mortgage lender is offering, you might be able to buy it down via points. Each point is one percent of the mortgage amount…

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5 Steps To Win A Mortgage Loan

Originally posted on DynamicHan Group:
  A variety of factors can keep you from qualifying for a mortgage. The big ones include a low credit score, insufficient income for the size of the loan you want, insufficient down payment and…

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5 Things You Must Do to Complete a Short Sale

5 Things You Must Do to Complete a Short Sale Hopefully this topic won’t be so relevant soon, but for now it is still a big issue for many people. I have helped several homeowners through this difficult process over … Continue reading

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