Home Mortgages

Understanding Mortgages – Do’s & Don’ts After You Have Applied for the Loan

The financial decisions you make when securing a loan for a home purchase, or refinance, is important.  Your financial behaviors before and after you have applied for a loan can and will impact your ability to secure financing. My colleague at Waterford Mortgage Company, AJ Arnett, has a good list of Do’s …

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Federal Reserve May Increase Rates as Early as September

The Federal Reserve’s governor Jerome Powell indicated interest rates may rise as early as September.  He certainly cautioned certain economic condition must be met for the increase to occur and put the odds at 50/50. Take a look at the video below from the Wall Street Journal – it is …

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Understanding Mortgages – What Is the Right Amount for a Down-payment?

One of the decisions the prospective homeowner will make in their quest to purchase a home is the amount of the down-payment.  This is obviously a very important decision and a decision that warrants analysis and forethought. There is no simple “rule of thumb” that can be applied to what the …

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Understanding Mortgages – The Fed, FOMC, and the Fed Funds Rate

Let’s face it, mortgages, interest rates, Fannie Mae, Freddie Mac, FHA, mortgage insurance are all confusing and add to a lot of stress when purchasing a home.  Really, what is the difference between a conforming and jumbo loan? Fortunately, there are a lot of good resources on the web that …

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Take Advantage of the Real Estate Market – Climbing Housing Prices & Attractive Mortgages

Dan Green posted the following blog on May 26th of this year.  You should give it a read – great news for home owners and first time buyers! Today’s Mortgage Rates Push Home Values To Within 1.3 Percent Of Last Decade’s Peak Prices. The market dynamics for existing home owners and …

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I bet you are smiling if you sold your house in April

My colleague AJ at Waterford Mortgage Company NMLS: 1203080 sent me this article today – “Prices, Sales, Spike Strongly in April“.  Ryan Smith, who is a journalist for the newsletter Mortgage Professional of America, wrote the piece. While the recovery from the recession has been anemic at best, the news in …

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Mortgage Disclosures – Changes are Coming August 1

  Author’s Note:  This blog was originally published on May 14, 2015.  Since that date the deadline for the changes outlined below has changed to October, 2015. Time for a quick blog update.  This update is a bit different than my usual topic of selling.  As you may or may not know, …

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