In December 2016, the Federal Reserve announced a rate hike. It is the second in a year after the previous hike took place at the end of 2015. It was a decision that financial analysts had expected due to improving employment numbers in the country and an economy that was strengthening. This upward trend was enough to make the Fed […]
Refinancing a mortgage can be a good idea for any number of reasons. Many people decide to refinance because they can get a lower interest rate than the one they are currently paying. That lower rate means less money out of pocket each month. Then there are those who refinance for a shorter term on the mortgage, so instead of […]
Purchasing a foreclosed or distressed property is a popular way for future homeowners or investors to renovate a property and possibly gain quite a bit of equity in the process — but buying one of these homes in a conventional manner can quickly become a long process full of red tape and complex inspections for renovations. The Fannie Mae HomePath […]
When it comes to refinancing an existing mortgage, you have to know how to choose the right lender. There are many different lenders online that offer refinancing, but there are a few reasons why it pays to refinance with Greenlight Loans. Founded in 2001, Greenlight Loans has become one of the leading lenders in California. What separates Greenlight Loans from […]
Getting a mortgage loan is probably the largest financial transaction you’ll ever make in your life so you want to make the right choice, which requires knowing what’s out there. Freedom Mortgage is a company that offers a wide array of loan products. Here is an overview of Freedom Mortgage and the many loan products they offer. Overview of Freedom […]
Buying a home. We all dream of doing it some day. However, many prospective homeowners don’t have the savings or budget to afford their dream home. This is why an increasing number of potential buyers are starting to look into foreclosed properties as a way to achieve their dream of home ownership. Foreclosures offer buyers the chance to get into a new home at […]
So you’ve decided it’s time to move out of your home and into a new one. That means you’re about to enter the housing market as you prepare to list your home for sale. For some sellers, this can be a complicated and time-consuming proposition as they have to get the home ready to show potential buyers. The goal, of […]
The savviest of consumers often hang their hat on being able to spot a good deal when they find one. If you’re in the world of real estate, it’s no secret that short sale homes can offer the buyer a deal-of-the-century. For the uninitiated, a short sale home is simply where the homeowner sells the home for less money than […]
The housing market may fluctuate with the economic trends of the day, but one thing that often remains the same no matter what the current conditions bear is the difficulty many consumers will face when applying for a home mortgage. For some it can be a long and frustrating process that ends in denial of their application for any number […]
There are few moments in life that are more consequential then when you buy your first home. Getting to that point requires an incredible amount of work, the first task of which is saving enough just for the down payment and all closing costs on the transaction. If you’ve done any of your preliminary homework, you know that amount is […]