Blog - Paying Off Mortgage Early_smaller

No doubt you’ve read all about it, perhaps you’ve even tried it yourself… paying extra on your mortgage to pay it off early and potentially save thousands in interest. The question is, however, with interest rates on the rise, is it still the best strategy? While some financial experts say prepaying your mortgage is never … Continue reading Paying Off Your Mortgage Early


FHA MIP CUT

UPDATE: On Friday, January 20, the Department of Housing and Urban Development announced that it has suspended the planned reduction of Mortgage Insurance Premiums on FHA loans, effective immediately. This reduction was set to go into effect on January 27, but it is now no longer scheduled to take place. Original Blog: New homebuyers now have … Continue reading FHA Mortgage Insurance Cut Means Big Savings


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Much ado has been written and discussed lately about rising interest rates. Within days after the presidential election results were tabulated, the U.S. stock market soared. When that happens, the bond market suffers. As a result, U.S. Treasury bond yields dropped. Long-term mortgage interest rates are more closely tied to Treasury bonds, pushing those rates … Continue reading Despite Increases, Interest Rates Are Still Low


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Winter has arrived, but it does not have to bring outrageous heating bills with it. Simply following some basic DIY home maintenance tips can reward you with financial savings without sacrificing home comfort. Let’s take a quick tour around the house to determine some common problem areas that can be fixed easily. Replace Worn Weather … Continue reading Turn Up the Savings on Home Heating


Interest Rates

Now that 2016 is just about in the record books, we naturally turn our thoughts to what 2017 will hold – especially for the housing market and mortgage industry. The big question facing 2017 will be, “How will interest rate increases affect the housing market?” Let’s look at a few factors that affect housing and … Continue reading What Role Will Interest Rates Play in 2017?


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Most economists say the outlook for housing in the coming year will focus on economic growth. Many see that growth to be in the 2-2.5% range with increases in five key areas. Let’s take a look. Mortgage interest rate increases Interest rates are expected to average slightly over 4% next year, with the Federal Reserve … Continue reading The Housing Outlook for 2017


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You would be surprised at how many mortgage loan applicants make the mistake of doing three big things that should be “mortgage no-brainers” when preparing to apply for a home loan. Don’t be one of the unsuspecting applicants that may inadvertently ruin the chance of qualifying for a home loan. 1)  Don’t make a big … Continue reading Avoid These Three Things When Applying for a Mortgage


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If you’re planning to buy a house, here are five tips to help you start the process. Know how big a loan you qualify for Potential home buyers should look at the loan-to-value (LTV) ratio to aid them in knowing what they can afford. Calculate the LTV by dividing the loan amount by the appraised … Continue reading Five Steps To Take When Buying a Home


Higher Interest Rates Soften Sales

With the presidential election now having been decided, a recent rise in mortgage interest rates is starting to affect home sales. The average rate on a 30-year conventional loan reached the highest level in more than a year. What this increase means for people who can afford it is just an additional frustration, however, for … Continue reading Higher Interest Rates Soften Sales


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As financial markets still react to the results of the U.S. presidential election, the stock market rose sharply, reaching record highs late last week. As a result, mortgage interest rates rose, too. According to Zillow, the 30-year fixed rate went from an average of 3.38% to 3.8% in just a few days. Most mortgage experts … Continue reading Election Results Push Interest Rates Higher… For Now


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