Tag Archives: Buying a Home
How Homeownership Affects Household Wealth
It is conventional wisdom that homeownership is key to household wealth, and the National Association of Home Builders makes a convincing argument for that theory in its Eye on Housing blog. Jing Fu used data from the Federal Reserve’s 2016 Survey of Consumer … Continue reading →
Consumers: On-Line Mortgage Info Convenient, not Trustworthy
While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate … Continue reading →
Real estate market in Las Vegas rising from the grave
Left for dead during the recession, the Las Vegas real estate market has come back to life over the past few years. Buyers are picking up new and used properties. Homeowners are getting above water. Developers are building apartment complexes. … Continue reading →
Mortgage applications jump 4.2% on strong buyer demand
Homebuyers jumped back into the market after Labor Day, filing applications for mortgages at a far faster pace than in previous weeks. Total mortgage application volume rose 4.2 percent on a seasonally adjusted basis last week, according to the Mortgage … Continue reading →
Common conditions on a loan approval
One of the most common conditions we see on approval letters is to source-proof large deposits. Many borrowers don’t realize that by depositing large amounts of money into their bank accounts they may be creating more work for themselves when … Continue reading →
TURN HOME EQUITY INTO CASH!
“CASH OUT” & RATE-AND-TERM REFINANCES Refinances can be broadly-categorized as one of two types — Rate-and-Term, and Cash-Out. When mortgage rates drop, there’s not a homeowner in the country who wants to miss the opportunity to improve their financial circumstance. Maybe … Continue reading →
Las Vegas jobs are coming back
In January, the Nevada Department of Employment, Training and Rehabilitation reported the state unemployment rate dropped to 6.8 percent in December, continuing a steady decline from the recession high of 14 percent in 2010. Recent jobs reports showed the state’s … Continue reading →
Understanding A Mortgage Loan
A mortgage loan is a loan that a bank or lender gives you to help finance the purchase of a house. It is most advantageous to borrow approximately 80% of the value of the house or less. The house you … Continue reading →
Finding a Mortgage Broker
How to Find a Mortgage Broker Often the only factor people consider when choosing a mortgage lender is finding the lowest interest rate. Of course, financial considerations are critical and you certainly should consider the different rates lenders offer on comparable … Continue reading →
The Real and the Unreal on Reality TV
When last we checked in with the aggressive trio of brokers on “Million Dollar Listing New York,” the former hand model and soap actor Ryan Serhant was working the deal of his career at a SoHo loft, while the former … Continue reading →
