Legal cannabis is a multi-billion dollar industry and it is only growing here in California with collectives and dispensaries everywhere you look. Unfortunately, many people working in the marijuana field have had trouble getting approved for home loans. Many lenders are still hesitant to offer financing. In many ways, it Continue Reading →
Just about everybody would love to own a home. It is the American Dream. However, there are numerous obstacles that will stand in the way. Certain financial factors may prevent—or at least hinder—the opportunity for some Americans to secure a mortgage and buy a home. Bankrate.com recently conducted a survey Continue Reading →
In an effort to improve the mortgage loan application process, Fannie Mae and Freddie Mac (under the direction of the Federal Housing Finance Agency (FHFA)) have significantly redesigned the standard home loan application form. This new form, known as the Uniform Residential Loan Application (URLA), will be adopted by lenders Continue Reading →
Based on recent economic factors, government agencies have begun releasing more mortgage credit available for home buyers. According to the data, loan programs from the FHA and other sources have been increasing. Borrowers have been able to finance home loans with increased debt loads, lower down payments and weaker credit Continue Reading →
Mortgage News Daily recently reported that mortgage rates experienced a significant increase in the past week, and the upward trend may continue into next week. The rate offerings are the highest they’ve been in seven years, with the most prevalent top-tier rate coming in around 4.875%. The Upward Trend This Continue Reading →
