Mortgage payments rise twice as fast as interest rates



Buyers’ monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year. A recent Zillow analysis found that higher rates are responsible for about two-thirds of the increase in buyers’ monthly mortgage payments compared with what those costs would have been a year ago had home values remained […]

What to do if You Aren’t Happy with Your Real Estate Agent



What happens if you aren’t happy with your real estate agent or broker? The answer might be in the listing agreement you signed. Other times, you may have to negotiate a change to or cancellation of the agreement. Know the Types of Real Estate Professionals First, some background. There are two types of licensed real […]

Most buyers still fail to shop around for a mortgage



A majority of home buyers could be leaving money on the table due to their failure to shop around for a mortgage. According to a new survey by PenFed Credit Union, two thirds of mortgage applications admit they did not shop around when buying a home. There’s also a great deal of confusion around mortgages, […]

Mortgage fraud is on the rise



A growing number of borrowers are becoming so desperate to qualify for a mortgage that they end up lying about how much they earn on their applications.

How Technology is Disrupting the Mortgage Market



Over the last few years, a new part of the financial services sector has been taking center stage in markets around the world. It is known by one overarching, simple term

Homeowners believe renovations are the best reason to tap home equity



With home prices on the rise in most parts of the country, homeowners are sitting on top of record amounts of home equity. But with most homeowners showing a reluctance to tap into that wealth, Bankrate.com says its latest survey shows plenty of reasons why it might be worth taking out a loan to unlock […]

Study: Manufactured home values appreciate at similar rates to traditional homes



The prices of manufactured homes, or mobile homes, are appreciating at the same pace as those of traditional homes, which is counter to conventional wisdom, according to a new report.

Buyers are coming up with bigger down payments than ever before



As would-be buyers struggle to compete against each other due to a tigher-than-ever supply of available homes to buy, some are upping the ante by putting down larger down payments

Community Connection: Kris Thorkelson’s Vision for My Place Realty



Kris Thorkelson is a Winnipeg-based entrepreneur with over twenty years in the retail pharmaceutical industry. Most recently, he ventured into an industry separate from pharmacy

Too much paperwork with mortgage applications, borrowers say



Home buyers wish the process of obtaining a mortgage could be both faster and less confusing. But at the same time, they’d also like more personal interaction

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