The Benefits of Shopping for Mortgage Lenders



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Shopping for just the right house is an enormous task, but most prospective home buyers realize that doing some research, engaging the help of a licensed real estate agent and having a clear idea of “wants” versus “must haves” goes a long way in successfully maneuvering the home-buying process. But when it comes to mortgage lenders, […]

What impact will higher rates have on the housing market?



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Home buyers may rush purchases in the coming months as a looming increase in mortgage rates is largely believed to be nearing.

Federal Reserve hints at rate rise later this year



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The Federal Reserve this week voted unanimously in their regular policy meeting to leave the benchmark federal rate unchanged at zero but hinted that a raise is expected to occur for the first time in nearly a decade sometime later this year

1.5 million boomerang buyers are about to return to the market



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About 1.5 million home owners negatively impacted by the mortgage crisis could be on their way to re-entering the housing market within the next three years.

Lenders cry foul over borrower’s “white lies”



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Borrowers who aren’t as forthcoming on their loan applications on certain items – such as occupancy status – may feel like it’s harmless, but lenders say such “white lies” constitute fraud.

Pros, Cons, and Myths About Reverse Mortgages



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As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date. While this mortgage product has been around for decades, it’s affect on real estate markets […]

Extra Mortgage Payments Seldom Make Sense



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It doesn’t make sense to pay a business to arrange to pay off your mortgage early. As the housing market continues heating up, many different types of buyers are getting into the market. First time buyers are getting in, some are buying up, and baby boomers are looking for retirement homes. Also getting into the […]

Finding the Best Mortgage



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A fundamental mistake many realtors make (even the most experienced) occurs when he or she first talks to a potential buyer. As soon as the realtor learns the potential buyer isn’t preapproved for a loan, they frequently do one of two things. Either they tell the potential client they don’t work with unapproved buyers or […]

Negative equity holding back potential sellers



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Existing-home sales are up nearly 5 percent from last year, but sales would be much higher if it wasn’t for the negative equity overhang, economists say.

CoreLogic: 89% of US homes had equity in 2014



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Eighty-nine percent of all U.S. properties with a mortgage — or about 44.5 million — had equity by the end of the fourth quarter of 2014, according to CoreLogic.