SPEAK WITH AN AGENT TODAY! – 1-800-450-2015

Mortgages

SOLUTIONS TO SAVING MONEY ON YOUR NEXT MOVE

    SOURCE:  Jaymi Naciri for realtytimes.com – Excerpts “Buying a house and moving in is gonna cost you…well, actually, there are ways to make it  not quite so painful.  A willingness to negotiate and put in a little work, plus a little inside info on special deals you can take advantage of can help…

Read More

US MORTGAGE RATES BLIP HIGHER

Source:  Sunday, June 18, 2017 – Asheville Citizen Times/Paul Wiseman-Associated Press “WASHINGTON – Long term US mortgage rates edged up last week as the benchmark 30-year rate bounced back from a seven-month low.  Mortgage buyer Freddie Mac said Thursday that the average 30-year, fixed-rate mortgage rose to 3.91% last week from 3.89% the previous week. …

Read More

WHEN YOUR HOME LOAN IS SOLD

Excerpted from an article by Benny L. Kass for realtytimes.com “QUESTION:  We have a mortgage with the same lender for several years, and have just received notification that our loan has been sold to some other lender.  Should this be a concern to us?:  Can the new lender change any of the terms or conditions…

Read More

AMERICANS BUY HOMES AT FASTEST PACE IN A DECADE

Excerpted from an article by Christopher S. Rugaber for Associated Press “WASHINGTON – Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007.  Home sales rose 3.3% in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday. …

Read More

THREE STEPS TO SAVING FOR YOUR DREAM HOME

Excerpted from an article by Damien Justus for realtytimes.com “According to Harvard University’s “State of the Nation’s Housing” report, while more people than ever before want to own their own home, fewer feel financially ready to do so yet.  Reasons range from high rents to student loan debt. Millennials in particular are waiting longer to…

Read More

30-YEAR MORTGAGE RATE JUMPS 50O 3.94%

Excerpted from an article in the Associated Press/Asheville Citizen-Times “WASHINGTON – Long-term mortgage rates climbed this week, reflecting deep declines in US government bond prices in the days after Donald Trump’s election victory. Mortgage giant Freddie Mac said Thursday the average for a 30-year, fixed-rate mortgage jumped to 3.94% from 3.57% last week.  That put…

Read More

MORTGAGE BROKER VS. MORTGAGE LENDER – WHICH IS RIGHT FOR YOU?

Excerpted from an article by Jeff Ostrowski for realtytimes.com “When you’re ready to get a mortgage, you face an array of choices:  Fixed rate or variable?  Points or no points?  Mortgage broker or mortgage lender?  That last decision involves a simple but easily misunderstood distinction. Simply put, a mortgage broker is an independent professional who…

Read More

IS IT FINALLY TIME TO BUY A CONDO?

Excerpted from an article by Jaymi Naciri for realtytimes.com “The popularity of condos has swelled and waned over the years, gaining popularity especially in areas where buyers may be priced out of the single-family home market…. Despite their greater affordability, condos have been harder for buyers to get approved to purchase unless they had a…

Read More

AVERAGE 30-YEAR MORTGAGE RATE EDGES UP TO 3.48%

Source:  Associated Press/Asheville Citizen-Times “WASHINGTON – Long-term US mortgage rates edged higher this week for a second straight week.  They are still near historically low levels to encourage potential homebuyers.  Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage rose to 3.48% from 3.45% the previous week.  The average rate…

Read More

THE FIVE BIGGEST MORTGAGE MISTAKES YOU CAN MAKE

EXCERPTED FROM AN ARTICLE BY REALTYTIMES STAFF   “For most buyers, the mortgage is the largest monthly expense they will have.  Yet most borrowers will do little to no preparation, negotiation, or shopping to get the best deal.  And they end up paying much more for their loans than they need to.  Here are five…

Read More