Should I Wait For the Housing Market to Decline To Buy a Home?

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As home prices continue to rise in the United States, many wonder if there will be an eventual housing market crash similar to the one that occurred during the great recession in the mid 2000’s. Many people that are interested in purchasing a home are not sure if they should buy now, or wait for… [Read More]

Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting

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Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting Joint Measures from Consumer Credit Reporting Agencies Remove Nearly 70% of Medical Collection Debt Tradelines from Consumer Credit Reports. Effective July 1, 2022, paid medical collection debt will no longer be included on consumer credit reports. In addition, the time period… [Read More]

Cash-Out Refinance – How It Works

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A cash-out refinance replaces your existing mortgage with a new, larger loan, paying you in cash the difference between the amount borrowed and what you owe on the home. The new loan can typically included all closing cost and prepaid taxes and insurance ( tax and insurance collection in order to establish a new escrow… [Read More]

Can You Use an FHA Loan to Buy a Tiny Home?

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Are you interested in buying a tiny home either to live in or rent out for a profit and wondering what types of loans you can qualify for? FHA loans can cover the purchase of a tiny home in most circumstances if a borrower is eligible. If you are interested in learning more about buying… [Read More]

How Will Rising Interest Rates Impact the Housing Market?

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The Federal Reserve recently approved an increase in interest rates and is planning on implementing more hikes in the coming months in order to curb inflation and preserve the growth of the economy. These climbing interest rates have many people wondering how the real estate market and housing prices will be impacted. If you are… [Read More]

Mortgage Economic Review April 2022

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The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals. AT A GLANCE – Key Economic Data and Events during March 2022 Interest Rates Higher: The Fed raised the Fed Funds Rate 0.25%. The 10-Year Treasury yield rose to 2.32% (Mar 31) from 1.83% (Feb 28)…. [Read More]

Refinancing Your Mortgage For a Better Rate or Term

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Taking out a mortgage to finance the purchase of a home is a substantial financial commitment, and fortunately, the original terms of your loan don’t always have to be permanent if you refinance your mortgage. A rate and term refinance is an option that can end up saving borrowers a significant amount of money over… [Read More]

Ukraine Crisis Relief and Awareness

Ukraine Relief and Awareness

Donate to one of the numerous charitable organizations providing support to people on the ground. Here are three that we’ve donated to: GlobalGiving a crowdfunding platform, currently has a Ukrainian crisis relief fund working to provide food, water, shelter, and other assistance to refugees. Direct Relief is working to fulfill a list of medical needs… [Read More]

What Kind of Documents Do You Need When You Buy a Home?

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Are you interested in buying a home, and wondering what kinds of documents you will need to provide when you apply for a mortgage? The process of buying a home can seem stressful because it involves several steps, however being well prepared and having all of the necessary paperwork organized ahead of time can help… [Read More]

Max Out Your Homeowner’s Tax Deductions

One of the many perks of homeownership is the annual mortgage interest deduction. If this is your first year filing as a homeowner, here are some tips to prepare this year’s federal return. Tax filing software or your accountant will help you identify your deductions, including these: You worked remotely in a home office (check… [Read More]