Lower Interest Rates. Higher Standards.

September 1st, 2020

Mortgage interest rates continue to be at historic lows.  That makes it a great time to buy a home – if you can qualify. While the pandemic has kept rates down, banks are hedging their bets against economic uncertainty by raising the qualification standards for getting a mortgage. According to Michaelle Bond, writing for the Philadelphia Inquirer, some lenders are raising the minimum credit score by 100 points, and taking a more restrictive view of debt Read More...

Mortgage Help During COVID19

April 7th, 2020

Whether you’ve recently purchased a home, or you’ve been in your home for many years, the mortgage comes due every month like clockwork.  Unfortunately, paychecks aren’t as predictable during this time of COVID19. If you anticipate having trouble paying your mortgage, your bank or mortgage holder may be willing to work with you during this difficult time Read More...

Which Mortgage is Right for You?

March 24th, 2020

Unless you’re wealthy enough to be a cash buyer, purchasing a home will inevitably require getting a mortgage.  But, there’s  more to mortgages than you might think. Depending on your circumstances and qualifications, there are actually five different types of mortgage financing. They include conventional mortgages, jumbo mortgages, government-insured mortgages, fixed-rate mortgages and adjustable-rate mortgages Read More...

Pre-Approved for a Mortgage? Don’t Do This!

April 17th, 2019

You might feel great about being pre-approved for a mortgage.  But, there are some things you should NOT do to assure your mortgage won’t be denied later in the home buying process.  The fact is that a pre-approval doesn’t mean you’ve locked in that loan – and there are money mistakes you could make that might lead to a problem Read More...

Will 2018 be Your Year?

January 3rd, 2018

If you’re thinking about a new home in 2018, or at least about planning for a new home in the near future, January is the time to get your house in order. We’re talking about your financial house, of course! You’ll need to be on sound financial footing to qualify for a mortgage and to purchase your dream home Read More...

Mortgage Rates are Moving. Is Now the Time to Buy?

March 22nd, 2017

According to U.S. News and World Report, the answer is “yes!” Reporter Theresa Mears notes that analysts expect rates to rise this year, but probably not by more than one-half to three-quarters of a percent, which means rates are predicted to stay below 5 percent for a 30-year, fixed-rate home loan Read More...

Are You Qualified to Buy ?

September 9th, 2014

Many prospective homebuyers don’t realize that the first step in the home buying process is NOT looking for a home. It’s contacting a qualified Mortgage Agent to get a mortgage pre-qualification. A pre-qualification gives you a good idea of your mortgage loan possibilities so that you can fine tune your price range Read More...

Falling Mortgage Rates Make NOW the Time to Buy

February 27th, 2014

Mortgage rates are falling for both fixed-rate and adjustable-rate mortgages. But, the slide may not last. That means if you’ve been on the fence, waiting for the right time to buy, you may want to jump off and get going. Analysts believe that the current drop in rates may not last. Read about it in this article by Brian O’Connell writing for The Street Read More...

New Mortgage Rules: Will They Affect You?

October 4th, 2013

New mortgage lending rules issued by the Consumer Financial Protection Bureau will go into effect in 2014. These rules are intended to protect borrowers from some of the problematic lending standards of the past. But, while created as a consumer protection, these new rules could actually make it harder for some people to qualify for a mortgage Read More...

Just Listed: The White House

September 25th, 2013

No, the White House is not for sale. But, the information website, Zillow, recently listed the current value of this iconic residence at $319 million. If the home of our chief executive was for sale, and if you were buying, a few special features might be of interest. The home includes 16 bedrooms, 35 bathrooms and 55,000 square feet of living space Read More...