Thursday, April 25, 2024
Buying your first home is an exciting and rewarding experience; a real milestone for all of us. But have you actually given proper thought to whether you can really afford it – and are you prepared for the mortgage application process? So, you’ve been house hunting, trawled through hundreds of […]
If there is one industry that has changed in recent years, it is the lending industry. This is particularly true considering mortgages, as sweeping changes took place after the credit crisis in 2008. Now, more than ever, it is important for those in the mortgage industry to pay attention to […]
Recent legislative changes at the federal level have significantly affected the manufactured home industry in Texas. These changes generally tighten the financing guidelines for these homes, making it more difficult for buyers to obtain loans on manufactured homes. Lenders will also need more qualifications in order to provide financing for […]
Homeowners and potential buyers need to educate themselves with interest rates, the bond market, and mortgage rates. Those considering how their mortgage options may change should pay close attention to the bond market and changes in Federal interest rates. Assessing and analyzing these factors will help determine what potential buyers and refinancers […]
After several years of fixed rate mortgage popularity, consumers are once again looking at their options. Low rates and unsettling housing conditions sent most consumers to utilize fixed rates because of their stability. Now, the appeal of the adjustable rate mortgage is returning to ordinary borrowers, especially as mortgage rates […]
The process of a buying home can be complicated as it is probably the single, biggest purchase you will make in your life. Most likely you will have to borrow the money from a bank or other financial institution by getting a mortgage — a long-term loan secured by the […]
Nowadays people are afraid to take loans. This is partly due to uncertain economic situation of the entire world, which may cascade down as job loss, and partly due to the personal impressions about loans. People have possibly burnt their fingers by borrowing heavily, or have seen somebody they knew […]
Buying a property is a big decision. Ongoing costs like mortgage repayments, bills and repairs can prove expensive. With a mortgage you won’t be able to sell the property until you pay it off and if you fail to make your repayments each month then your lender can repossess the […]
Although the housing market is improving in many areas as values increase, obtaining a loan is still a challenge for a large number of people. Generally, banks continue to require high credit scores and decent down payments before giving loans to consumers looking to buy houses. For homeowners looking to make their […]
A new survey by the housing charity, Shelter, has found that one third of people in the UK would no longer be able to afford their rent or mortgage payments if they were to lose their job. Over 8 million Brits would run out of cash in just one month […]
The fallout from the 2007-08 mortgage collapse continues to rear its ugly head some five years later. Kareem Serageldin, a former executive for Credit Suisse, pleaded guilty on April 12 to fraud after admitting to artificially inflating the value of mortgage bonds in 2007, in an attempt to mask the […]
One of the most difficult parts of the mortgage process tends to getting to closing. There are a multitude of different matters that can arise and through off what was supposed to be a quick and painless process. If you are a company that is struggling with their closing rates […]