Mortgage Blogs

 

 

Understanding the Basics of How the Adjustable Rate Mortgage or ‘ARM’ Works

Understanding the Basics of How the Adjustable Rate Mortgage or ‘ARM’ Works

As the 2009 recession fades into the sunset, the home buying market is showing signs of improvement in areas all over the United States. With more home buyers now entering the market, this becomes a good time to discuss one popular type of mortgage calle

Jul 30, 2015 |

The HARP Mortgage Program is Coming to an End Soon – Here’s What You Need to Know

The HARP Mortgage Program is Coming to an End Soon – Here’s What You Need to Know

The United States government established the HARP program, otherwise known as the Home Affordable Refinance Program, to assist homeowners who are struggling with their mortgage payments. Initially, the program was founded in March 2009, and it has provid

Jul 29, 2015 |

What’s Ahead For Mortgage Rates This Week – July 27, 2015

What’s Ahead For Mortgage Rates This Week – July 27, 2015

Last week’s scheduled economic news releases were limited as no news was released on Monday or Tuesday, but good news did arrive in the form of a dip in mortgage rates for fixed rate loans. The National Association of Realtors® reported higher

Jul 28, 2015 |

Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home

Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home

Homeowners who are thinking about listing their home for sale in the coming weeks or months may be focused on improving their home to help it sell more quickly, but there also may be a focus on adding value to the home in the process. While each home is

Jul 25, 2015 |

Good News! Existing Home Sales, FHFA Home Prices Increase

Good News! Existing Home Sales, FHFA Home Prices Increase

Housing markets show continued signs of strengthening according to reports released on Wednesday. The National Association of Realtors® reported that sales of pre-owned homes rose to 5.49 million in June as compared to May’s revised reading of

Jul 24, 2015 |

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking t

Jul 23, 2015 |