Month: August 2015

12
Aug
2015

Real Estate Terminology 101: What Exactly Is A “Buyer’s Market”?

  Real Estate Tips   0 Comment

If you’ve been following the real estate and mortgage industry for any length of time, you’ve probably heard the phrase “buyer’s market” at some point. And although the meaning may seem apparent, it takes some study to understand what actually constitutes a buyer’s market. Who decides whether it’s a buyer’s or seller’s market? What’s the Continue reading »

06
Aug
2015

3 Closing Costs That Most Buyers Forget to Factor in and What You Can Expect to Pay

  Home Buyer Tips   0 Comment

If you’re in the process of buying a home, you probably have your deposit and monthly mortgage charges in a spreadsheet, along with a chart of your other expenses and your monthly income. But when it comes to buying a home, there are lots of different costs that will come into play – and it’s easy to forget something. When you’re preparing to close on your new home, make sure you consider these three closing costs that most buyers forget.

05
Aug
2015

The Down Payment: Four Great Reasons To Make The Largest Down Payment You Can Afford

  Home Mortgage Tips   0 Comment

If you’re looking for a new home, you’ve probably heard lots of advice about down payments. About how it’s okay to just have a five percent down payment – you’ll still get approved. About how you should make the down payment as small as possible to avoid cash flow problems. Here are just four reasons why you should make the largest down payment possible.

04
Aug
2015

A Guide for Those Intrested In Refinancing a Traditional Mortgage to a FHA Mortgage

  Home Mortgage Tips   0 Comment

Refinancing a mortgage can provide a homeowner with many benefits, and many are interested in refinancing their traditional mortgage into an FHA mortgage to take advantage of low interest rates. Depending on the specific circumstances, this step may lower the monthly payment, reduce interest charges, adjust the loan term so that it is more beneficial for achieving financial goals and more.

03
Aug
2015

What’s Ahead For Mortgage Rates This Week – August 3, 2015

  Market Outlook   0 Comment

Last week’s scheduled economic reports included the Case-Shiller 20 and 20-City Index reports, pending home sales data released by the National Association of Realtors® and the scheduled post-meeting statement of the Federal Reserve’s Federal Open Market Committee. This week’s economic calendar includes reports on consumer spending, core inflation and consumer spending. July readings on Non-Farm Payrolls and the national unemployment rate will also be released along with regularly scheduled weekly reports on new jobless claims and mortgage rates.