By now you’ve heard the news. President Biden dropped out of the 2024 presidential race and paved the way for current VP Kamala Harris to… Read More »Presidential Candidate Kamala Harris Has a 7-Year Adjustable-Rate Mortgage
In case you haven’t heard, there’s talk of a “refinance boom” as soon as 2025. Yes, you read that right. While it seemed like high… Read More »Beware of Inferior Mortgage Refinance Offers from Your Original Lender
Want to hear some good news about mortgage rates that involves them being a lot higher than they previously were? Yes, I know that sounds… Read More »More Than 4 Million Mortgages Originated Since 2022 Have Rates Above 6.5%
They say to never say never. But why? Because if you say it, whatever you said would never happen typically happens. Go figure. Well, speaking… Read More »Will Mortgage Rates Ever Go Back Down to 3% Again?
Mortgage Q&A: “Can I mortgage a house that is paid off?” When you own a home without any associated mortgages, it’s known as a “free… Read More »Can I Mortgage a House That Is Paid Off?
I’ve heard this argument many times, whether in real life or on social media. That if you hold a mortgage (or two), you don’t actually… Read More »If I Have a Mortgage, Do I Actually Own My House?
In case you missed it, the Federal Housing Finance Agency (FHFA) granted conditional approval to Freddie Mac to purchase single-family closed-end second mortgages. What this… Read More »Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
If you’re currently thinking about buying a home, or somehow in a position to refinance an existing loan, current mortgage rates don’t look great. While… Read More »The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
You may have heard that the nation’s largest mortgage lender just rolled out a zero down mortgage. If you were around for the housing market… Read More »Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
When you apply for a home loan, an underwriter will review your file in order to make a lending decision. They can approve your loan,… Read More »What Is a Conditional Loan Approval?
