Will Overlays Undermine My Mortgage Application?
August 9, 2017
Question: We’re interested in buying a small house and our lender says we may face overlays? What’s an overlay? Answer: We usually think of the lending process as moving […]
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Category: Home Buying
The housing market is stabilizing, and homes are appreciating again. With today’s low interest rates and affordable home prices, it’s a great time to buy.
Real Life Success Stories – Self-employed People Who Got a Mortgage
August 8, 2017
Being your own boss gives you a lot of benefits such as no boss and having flexibility in your life. But being self-employed also means red flags for lenders. It […]
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5 First-Time Home Buyer Blunders And How to Avoid Them
August 7, 2017
Buying a home is an exciting journey, but it can come with a lot of pressure. A home purchase represents the biggest investment that most people will ever make, […]
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Existing Home Sales Dip, But Still Better Than One Year Ago
July 28, 2017
After a strong month of sales in May, existing home sales dipped back down this past month. It was caused by the shortage of available homes on the market, the […]
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Why Does Our Rich Uncle Want A Share Of Our First House?
July 26, 2017
Question: We’re interested in buying our first house and our uncle – a very rich uncle – has said he’s willing to help. When he said “help,” we thought […]
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Existing Home Sales Rise Amid Growing Economy
June 23, 2017
Existing home sales rebounded after a weak April, rising higher despite the growing prices of homes. This means that home buyers are managing to find, and buy, homes in a […]
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Home Buying · Mortgage Rates · Mortgage Strategy · News
Fed Votes To Raise Rates For Second Time This Year
June 14, 2017
After their two-day meeting concluded on June 14, the Federal Open Market Committee (FOMC) voted to raise the federal funds rate by one-quarter of a percentage point. This will increase […]
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Downpayment Creativity
June 13, 2017
When lenders see you have a large downpayment sitting in your savings account, they can help you secure a lower interest rate and find you the best mortgage program for […]
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Home Buying Sentiment Rises As Home Buyers Gain Confidence
May 12, 2017
The total number of people who believed that now is a good time to buy a home rose by five percent this past month. This was coupled with a decrease […]
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April Job Growth Soars Following Poor Month
May 5, 2017
Over 200,000 jobs were added to the economy last month, an incredibly high clip that follows a poor showing in March. This couples with a decrease in the the unemployment […]
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