Mortgage News

Nov. 12, 2018

A Quick Guide To Real Estate Escrow

A Quick Guide To Real Estate Escrow
What does Escrow mean?

Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds …

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Oct. 22, 2018

Some Relief from Mortgage Rate Increases for Buyers

After weeks of gradual increases, the 30-year fixed-rate mortgage decreased a bit this week. This slight dip offers potential buyers a small window of opportunity to possibly lock in a lower borrowing rate.

From Freddie Mac:

"The modest decline in mortgage rates is a welcome respite from the …

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Sept. 6, 2018

3 Surprising Features that Could Increase Your Home's Value

To understand how much your home is worth, it's important to understand the variety of factors that go into assessing the value, both existing (assessed and appraised) value, as well as potential real value on the market. 

There are thousands of data points extrapolated to determine home values and …

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Aug. 28, 2018

Finding the Right Down Payment Strategy for You

You've probably heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid. It shows you have the financial discipline and stability to save for a long-term goal, it helps you get favorable rates from lenders, and it …

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July 17, 2018

Mortgage Interest Rates Projected to Rise Slightly

Hovering at 4.5%, interest rates remain at record lows. when you look at the graph above, it's incredible how much difference your rate can make in your monthly payment...and consequently, how much house you can afford to buy.

According to FreddieMac, rates are projected to climb to 5.1% …

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July 11, 2018

Home Loans for Veterans

VA Loans - Helping Veterans and Active Duty Service Members Buy A Home.

The VA Home Loan was created in 1944 to help service members purchase homes when returning from duty without the standard requirements of a down payment or excellent credit score. VA Loans are issued by …

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Aug. 28, 2013

A Partnership of World-Class Service and Exceptional Professionalism

When two gears of a well-oiled machine are working in unison, you’ll get a higher level of productivity and a more satisfying result for the project on which you are focusing. The same can be said of a high-calibre team of Realtors and an exceptional mortgage company that work hand-in-hand …

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Aug. 25, 2013

FHA Cuts Waiting Time Drastically for Post Foreclosures

FHA Mortgage News

To further boost the slowly recovering housing market, the Federal Housing Administration (FHA) announced on Monday, August 19, 2013, that it will reduce the time that homebuyers will have to wait after experiencing a bankruptcy, foreclosure, or short sale or deed-in-lieu before qualifying for an …

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Posted in Buyers, Mortgage News
April 10, 2013

Myrtle Beach Home Mortgage Tips

For the majority of home buyers one of the major considerations is the mortgage necessary to purchase the property. Most real estate investors have neither the funds nor the desire to pay cash for property and indeed with interest rates as low as they are for home mortgages it would …

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Posted in Buyers, Mortgage News
March 25, 2013

What Potential Homebuyers Need To Know About Mortgage Qualifying In 2013

The Consumer Financial Protection Bureau has enacted some new rules this year requiring lenders to be more proactive in guaranteeing a borrower’s ability to repay a mortgage obligation as well as making the lenders more legally liable for discrepancies. Because of the changes that are being implemented it may be …

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Posted in Buyers, Mortgage News