ARM loans can be a better deal when rates are rising ARM loans are an invisible part of the mortgage marketplace, but maybe that’s about to change. Since 2009 annual mortgage rates have been below 5 percent, and demand for adjustable-rate mortgages (ARMs) has been in the single digits. Ellie Mae reports that in December […]
Mortgage fraud: unlikely, but possible According to the FBI, you are not the most likely victim of mortgage fraud -- most cases are perpetrated by borrowers against mortgage lenders. Often those involve exaggerations, white lies or outright falsehoods on loan applications. Should you lie on your mortgage application? However, mortgage industry professionals who abuse their […]
Affordable homes: They're out there Finding a neighborhood that’s within your budget and desirable to live in isn’t easy. Home prices continue to climb across the country, and many of the best cities with in-demand amenities are too expensive for first-time buyers. That does not mean affordable homes and areas don't exist. Worthy areas – […]
How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]
Home renovations are the No. 1 reason homeowners take out HELOCS – or Home Equity Lines of Credit, but that doesn’t mean they’re popular by any means. In fact, according to a new survey, the majority of homeowners have never even heard of a HELOC – or the ways it can benefit their home and pocketbook.
If you’re looking for a crime-free place to buy a house, it’s time to move Northeast. According to a new list from NeighborhoodScout, the region is home to many of the nation’s safest cities. The South, on the other hand, lays claim to the country’s most dangerous ones.
If you’re looking to buy a home this year, you’ll likely want to act fast – at least that’s what an increasing number of Americans think. According to new data, the number of consumers who think now is a good time to buy is on the rise and likely won’t stay that way for long.
A mortgage for residential landlords Are you unfamiliar with the term "blanket mortgage?" Don't worry. Plenty of professionals in the financial sector have never been near one. And they know little more about them than you do. But if you invest in real estate — perhaps as a residential landlord — you may find a blanket mortgage […]
A new survey shows that when renters buy a home, it will likely be a lifestyle change that motivates them – either getting married, starting a family or retiring. And according to one economist, as Millennial marriages and pregnancies rise in 2018, it should equal a rise in housing demand as well.