According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was in a rush to either buy a home or refinance, but now Americans have put the brakes on the housing market. There are several reasons for the dip in mortgage applications, including mortgage rates, inflation, […]
Mistakes to avoid before closing on a home
September 17, 2021 by
Avoid these mistakes before closing on home loan
Study shows AI could boost minority homeownership rates
January 5, 2020 by
Artificial intelligence software might have a practical application in reducing discrimination against some minority groups when it comes to applying for a mortgage online. That’s according to a new study by the National Bureau of Economic Research, which is calling on banks to embrace AI as a way of ending bias in home loan decisions. […]
Digital mortgage applications result in less discrimination, study finds
October 3, 2019 by
Digital mortgage applications are having the positive effect of reducing discrimination of black and Latino home buyers, a new study shows. The study, by the National Bureau of Economic Research, reveals that algorithmic lending reduces discrimination by up to 40% compared to applications which are dealt with face-to-face. With digital mortgage applications, the interest rates […]
5 Mortgage Tips for First-Time Home Buyers
November 19, 2015 by
Buying a house entails a ton of work. It is a serious commitment that merits a great deal of planning and preparation to ensure that all aspects are precisely what, where, and how they should be.
Three Things You Should Know About Reverse Mortgage Loans
December 13, 2012 by
Have you heard about the psyche that is doing the rounds about reverse mortgage loans and how they have proven to be a boon in these financially difficult times? Yes, they can be a great source of finance to help you handle a number of expenses in your home, but is it worth the risk?
Which Documents are Required for Securing a Mortgage?
August 27, 2012 by
Ready to scout over various home sales to find out the one that best fits your idea of “dream home”? Great! But don’t forget that the surest way to heartbreak is to find your dream home and make plans to move in, only to find a lack of sufficient documents means you can’t secure the mortgage you need to finance it.
Low Appraisals Continue to Hurt Real Estate Sales
February 8, 2012 by
Thousands of real estate deals up and down the country continue to called off due to low appraisals which come in lower than the previously agreed-upon sales price, new surveys have revealed.
