Rates at Record Lows – Hug A Mom
Rates were heading towards mid 4 s just several weeks ago and now have gone back to record lows. What gives? Most people don’t care why as much as they want to know how long it will last. Neither answer is easy but to answer the latter- who knows but hopefully awhile!
Why Picking The Wrong Agent To Sell Your Home Could Stop You From Buying A Home
There are some amazing Realtors doing remarkable things for their clients. Agents specialize in various areas such as first time buyers. They also specialize in selling or in buying. Unfortunately, homeowners do not investigate properly and some end up losing far more than money.
The Summer of Uncertainty
Life is always easier when unknowns become knowns; when we have a well planned map to guide us; and, when we have the information to help us. Unfortunately, these three items are not always present and we are forced to guess or react, usually resulting in poor decision making. Sadly, when it comes to finances, this seems to be the norm.
Irresponsible Lending Still Prevalent
Many private and public studies indicate that mortgage fraud has increased since the housing crisis began. Tighter guidelines and fewer programs are the main culprits listed but the simple truth is that desperate people do desperate things and turmoil creates opportunities.
F-H-Amen!
While there are many areas that deserve criticism when it comes to FHA, their announcement this week deserves kudos! First, they rescinded a recently enacted rule that was detrimental to housing and next, they are opening up the rule to public comment.
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Rates at Record Lows – Hug A Mom
Rates were heading towards mid 4 s just several weeks ago and now have gone back to record lows. What gives? Most people don’t care why as much as they want to know how long it will last. Neither answer is easy but to answer the latter- who knows but hopefully awhile!
Why Picking The Wrong Agent To Sell Your Home Could Stop You From Buying A Home
There are some amazing Realtors doing remarkable things for their clients. Agents specialize in various areas such as first time buyers. They also specialize in selling or in buying. Unfortunately, homeowners do not investigate properly and some end up losing far more than money.
The Summer of Uncertainty
Life is always easier when unknowns become knowns; when we have a well planned map to guide us; and, when we have the information to help us. Unfortunately, these three items are not always present and we are forced to guess or react, usually resulting in poor decision making. Sadly, when it comes to finances, this seems to be the norm.
Irresponsible Lending Still Prevalent
Many private and public studies indicate that mortgage fraud has increased since the housing crisis began. Tighter guidelines and fewer programs are the main culprits listed but the simple truth is that desperate people do desperate things and turmoil creates opportunities.
F-H-Amen!
While there are many areas that deserve criticism when it comes to FHA, their announcement this week deserves kudos! First, they rescinded a recently enacted rule that was detrimental to housing and next, they are opening up the rule to public comment.
Avoiding The Wrong Realtor
I have met some amazing realtors in my two plus decades of lending experience but I have also encountered some agents that should be avoided at all costs. The problem is that most buyers are not experienced at interviewing agents, possibly because they are unaware of how to do it properly.
Credit Reports Compromised
Internet security has always been a concern , but now cell phones, FaceBook accounts and other areas are compromised too. This week, it was announced that the major credit reporting sites and others were breached by hackers and consumer’s information is posted on the black market for sale.
Are Low Rates Behind Us?
Mortgage rates started their ascent over a week ago and arguments on both sides of where rates will head are dominant. Looking at what causes rates to move in different directions will help to explain and hopefully to assuage fears.
Reasons Loans Are Denied in Today’s Lending World
The National Association of Realtors estimates that 25% of loans are denied but some areas are experiencing as high as a third of all transactions denied. Reasons beyond the control of the buyer are prevalent, but maybe we should focus on what a buyer can control to help mitigate these figures.
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