Posts Tagged ‘mortgage’

Credit Mistakes Potential Home Buyers In Lapeer Make

potential home buyers

“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by…

Read More

In Lake Orion, Mortgage Applications Rose 2.3%

lake orion mortgages

The Buyers Are Coming … Mortgage rates may have inched up slightly but that didn’t seem to deter home buyers from shopping for a loan last week. Mortgage application volume rose 2.3 percent week-over-week on a seasonally adjusted basis, driven by an uptick in home purchase applications, the Mortgage Bankers Association reports. Mortgage applications are nearly…

Read More

Mortgage Rates Drop To 3 Year Lows

3 year lows

The 30-year fixed-rate mortgage averaged 3.57 percent in the most recent week, the lowest average in three years, Freddie Mac reports in its weekly mortgage market survey. “Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late March,” says Sean Becketti, Freddie Mac’s…

Read More

Closing Times Are Speeding Up

time

Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48…

Read More

Mortgage Closing Times Lengthen Again

The time to close on a mortgage loan is once again increasing. The average time in January climbed to 50 total days, up four days since the “Know Before You Owe” mortgage disclosure rules took effect in October, shows a new report released by Ellie Mae. Over the past year, the average time to close…

Read More

First Time Home Buyers, Tip #2, Finding A Home.

first time home buyer

This series, Finding A Home, is about looking at open houses, how to make an offer, concessions and appraisals. Tips from real estate brokers and mortgage lenders. 1)  What to look for at an open house 2)  How to make an offer on a house 3)  Buyer and seller concessions 4)  The role of a…

Read More

First Time Home Buyers, Tip #1, Getting Started.

first time home buyer

This series, Getting Started, is about should you buy or rent at this time, what can you afford, how do you secure a mortgage and home buyer tips from real estate brokers and mortgage lenders. 1)  Advantages of buying vs renting 2)  How much home can you afford 3)  Getting a mortgage in today’s market…

Read More

Buying vs Renting, Build Your Own Equity Not Your Landlords

you can buy for the same payment

Buying vs renting, build your own equity not your landlords … If you are renting, buying a home could very well be a financial move that benefits you in the long run, as you pay your own mortgage and build equity instead of paying your landlords mortgage. What is your monthly rental payment? $450, $500,…

Read More