Question: I did not pay one mortgage rate on time, and the lender informed me that I’d have to wait a year from the date of this late payment before being able to refinance the mortgage. I have a
Read more ...Mortgages
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Reverse Mortgages: Know The Facts!
35 ViewsReverse mortgages address the needs of homeowners who are 62 years of age or older. This type of
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FHA Sheds Light on Reverse Mortgage Rules
71 Views
Due to the raised concern over possibly misleading sales presentations and advertisements for
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Major Drop in Mortgage Delinquencies – Lowest Level Since 2007
189 ViewsFor a fifth subsequent quarter, the level of residential loan delinquencies continued to drop.
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Quick View
Toll Brothers Revenue Grows, As More Units Are Sold
3762 ViewsToll Brothers Inc., a home building company based in Horsham Pennsylvania, announced a 29 percent increase in its quarterly revenue due to the sale
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Housing Market Projects Are Looking Brighter for the Spring
2823 ViewsUnemployment, the high cost of just about everything and bills piling up to the sky..We have been facing all these problems for awhile now. The
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US Construction Spending on a Record Rise Despite Sluggish Economy
1678 ViewsU.S construction data shows an unusual rise in spending despite the overall slowdown in the economy. Construction spending surged to an annual rate
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Varying Views of Economists on Falling Oil Prices for Home Construction
1328 ViewsFalling oil prices on housing has been one of the most controversial topics for economists. They view such idea from different perspectives. Some
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Rise in Mortgage Applications with Higher Purchase Volume
981 ViewsFor the third consecutive week, there has been a rise in mortgage applications due to the increase in purchase volume. Peak levels were reached in
Read more ...Adjustable Rate Mortgages
33 ViewsOne way of classifying mortgages is by the type of interest rate, i.e. fixed or adjustable. For an adjustable rate mortgage or ARM, the interest rate
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FHA Sheds Light on Reverse Mortgage Rules
71 ViewsDue to the raised concern over possibly misleading sales presentations and advertisements for reverse mortgages, the Federal Housing Administration
Read more ...New Mortgage Type Available with DC Lender
42 ViewsWhereas adjustable rate mortgages (ARMs) have the advantage of low rates, fixed-rate mortgages stand out by the predictability of the monthly
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The Jobs Report and the Rise of U.S. Mortgage Rates
121 ViewsWhile all the market players were keeping their fingers crossed for the jobs report, U.S. mortgage rates rose. The increase occurred based on the
Read more ...Jumbo Mortgage Rates
96 ViewsWhat is a jumbo loan? As the very name suggests a Jumbo Loan is one that exceeds the conforming loan limit. The amount of money that you can
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Big Rise in Sales of US Existing Homes
145 ViewsThe home sales figures in May point to the biggest rise in four years for previously owned US homes. After a slow start at the beginning of the year,
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Real Estate Industry to Experience Economic Growth Beyond 2017
257 ViewsEconomic growth felt by multiple industries in the U.S. continue to bring about nationwide economic expansion. This expansion is expected to go on
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