After a steady rise in mortgage rates in 2018, we’re seeing great moves in the opposite direction so far in 2019. In fact, the Federal Reserve just announced that the interest rates were already moving down to their lowest point in more than a year. Today, we saw them drop Continue Reading →
So many of today’s homeowners are sitting on a mountain of equity, but sometimes there’s not much you can do with it until you sell. The problem is once you sell, you won’t be getting any more equity on that property if home prices continue to rise. In many cases, Continue Reading →
We all know Kevin O’Leary as one of the main investors on the popular TV show Shark Tank. He is regarded as a financial expert, and he recently posted a video on CNBC sharing some helpful tips for individuals who want to pay off mortgage debt early or are dealing Continue Reading →
As of December 31, 2018, the Home Affordable Refinance Program (HARP) is being eliminated by Fannie Mae and Freddie Mac. This program was originally established to help homeowners who were struggling after the housing bubble burst in 2008. Since the economy (and especially the housing and lending markets) have recovered Continue Reading →
A HomeReady mortgage is a specific type of home loan offered by Fannie Mae. They are designed to help low- and moderate-income borrowers who are looking to buy a home or refinance their current loans. The primary advantages are lower down payments and reduced private mortgage insurance (PMI) requirements. They Continue Reading →
