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Mortgage Refinance VS Recast
When it comes to restructuring a mortgage loan, borrowers have 2 (non-modification/delinquency related) options – a refinance or a recast. We often get calls about mortgage refinancing from people who want to pay down their loan balance to get a lower monthly payment. In many cases, these inquiries are better served by a mortgage recast.…
Read MoreHow To Get Rid of PMI (Mortgage Insurance)
How To Get Rid of PMI When buying a home with less than 20% down, home owners run into PMI, or private mortgage insurance. While mortgage insurance can be paid in various ways, from a split premium to “lender paid” (lender paid PMI results in a higher interest rate), the most common form of…
Read MoreRecently Closed – Buying a Home in Baltimore, MD
A few weeks ago, one of our favorite (and best) Realtor partners in the country, Margaret Rome, reached out to tell us about a home buyer that needed help with a preapproval and purchase mortgage for his first home in Baltimore. A recent graduate, our customer was moving across country from Minnesota to Baltimore, MD,…
Read MoreEmployer Affinity is HERE
Employer Affinity Program is Here NOW We are very pleased to announce the arrival of our Employer Affinity Benefits mortgage program. This program allows eligible employers to offer their employees and their families access to special home financing benefits. This helps employees save money and gain access to benefits, and in turn allows employers…
Read More2023 Mortgage Forecast & Housing Outlook
Our 2023 Mortgage Forecast & Housing Outlook Happy 2023! We hope this data, forecast, and our opinions are helpful in guiding you or your clients to a successful year in real estate! We believe it’s a great time to buy a home, and that in 2023 we’ll begin to see many of the challenges 2022…
Read MoreWhat’s Happening in the Housing Market
As Q3 winds down for 2022, I wanted to provide some insights into where the housing and mortgage markets are, and what’s likely to occur going forward. If Q2 was to be summed up with one word, it would likely be volatility. We witnessed 2 aggressive Fed rate hikes, with opposite market reactions each time. Interest…
Read MoreIs The Real Estate Market Going To Crash?
Is the Real Estate Market Going to Crash? 2022 has been a year of change for the United States real estate market. Coming off of a covid-infused housing frenzy, 2020 ushered in the cheapest borrowing costs the country has ever seen, with rates on 30 year fixed mortgage dropping into the 2s, and nationwide…
Read MoreWill Inflation Go Down?
Will Inflation Go Down? There’s tons of economic jargon being tossed around headlines these days, and one of the hot topics out there is inflation. To start, it’s important to understand what inflation is. When the value of a currency diminishes, the result is inflation – basically, you get less for the same or more. …
Read More5 Tips for Preparing to Buy a Home
Top Tips To Make Home Buying a Breeze Tip #1 – Get Pre-Approved NOW Buying a home a month from now? Buying a home a year from now? Not sure if, when, or where you’ll buy a home? Either way, get pre-approved now! A pre-approval is the most important planning action you…
Read MoreLoan Fees Should be Exact – to you it’s a buffer, to a regulator, it’s gouging
For most loan fees, I have a tolerance of 0% on how much I’m supposed to be off. What that means is that my loan fees need to be known and disclosed up front, many times before we even have all of the facts as a lender. I can’t be wrong, and if I am,…
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