Housing Industry News

Advice and opinions from mortgage and real estate experts

Final Walk Through: What To Expect

Buying a home is an exciting and monumental time of your life. Especially for first time home buyers. It’s also a huge investment and responsibility. You want to make sure you’ve gone through every step carefully, twice. It’s crucial to ask the right...

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Top 5 Things to Know About Getting a Mortgage

Mortgages: Common But Complicated A mortgage can be an important piece of our lives. There’s a lot of money involved, and often, a lot of dreams attached to it. As easy as defining a mortgage is, it’s still a complicated process. The following items will...

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HARP Loan Program 2017 Guidelines

The Home Affordable Refinance program, (HARP) was initiated in March of 2009 by president Obama’s administration. The program was created to allow underwater borrowers to refinance their mortgages. Underwater homeowners are those whose mortgage balances exceed their...

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Pros and Cons of FHA Loans

FHA loans are loans by moneylenders to aspiring homeowners, who are mostly low-income earners, which are guaranteed by the FHA. Therefore, the loans are not given by the FHA, but only guaranteed. Anyway, the difference is almost the same and hence the reason they are...

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FHA Loans vs Conventional Loans

Buying a home can be an emotional roller coaster for those looking to purchase a home. Finding the right home on which to put an offer creates excitement for some while others making an offer on that same home may experience anxiety and distress. Credit scores and...

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How To Get A Better Mortgage Rate Quote

Are you one of those Americans that is tired of renting your home from a landlord who may or may not have your best interests at heart? Well, you are not alone in that way of thinking. Millions of Americans dream of owning their own home. It's no surprise that anyone...

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USDA Loans vs FHA Loans

  Mortgages are easier to obtain for some people than others. For some people, alternatives like USDA loans and FHA loans are the best way for them to achieve their goals of becoming a homeowner. Each of these options brings their own benefits and downsides,...

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Tips For First Time Home Buyers

  If you are about to buy your first house, make sure you know what you are doing and that you don’t get caught up in a rookie mistake. There are a lot of things to consider when buying a home, both financially and personally. It is not as simple as one may...

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Fannie Mae Homepath Program

Fannie Mae Homepath Program is now The Home Ready™ Mortgage   Buying a home is a scary experience, especially when you are on a budget and trying to get as many of your must-haves as possible within that budget. Getting a home at a good price, at least one that...

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Bad Credit Home Loans

Poor Credit and Bad Credit Home Loans   So the title of this story makes it pretty clear what we're diving into today. Bad credit home loans or home loans for people with bad credit. As Americans we should all have a better understanding of where we are in our...

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3 Secrets For VA Home Buyers

VA Home Buyers Capitalize On Little Known Secrets   The most common question new home buyers often ask which type of loan is going to best suit them. FHA (see Federal Housing Administration) loans can offer some of the lowest down payments, with other loans even...

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10 Tips For Refinancing Your Mortgage

If you’ve been sitting back, waiting on the sidelines for the perfect time and opportunity to refinance your current mortgage/home loan, think of right now as being your last chance to act. It's being speculated that mortgage rates have hit their bottom. If that is...

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Should I Refinance My Mortgage?

Did you know that you can actually refinance your mortgage at any time? It is your right as a homeowner with a mortgage to be able to “replace” your mortgage financing anytime you’d like to. So now you know that you can refinance your mortgage but now you might be...

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Home Improvements & Taxes. What You Need To Know

When we bought our first house, it was perfect. Well, except for the 40-year-old heater. And the green kitchen with beige appliances circa the 1970s. And the creepy basement. (But otherwise perfect.) Over the years, we made a number of improvements. We also made a number of repairs. We replaced the roof, added a powder… Continue reading

The post What You Need To Know About Home Improvements And Taxes appeared first on Trulia’s Blog.

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Will The New Credit Scoring System Help You Get A Mortgage?

In December 2015, two members of the U.S. House of Representatives introduced a new bill. Known as H.R. 4211, or the Credit Score Competition Act, the bill is in its first stage of the legislative process. Although it’s a long way from becoming a law (and your eyes may have glazed over at all that… Continue reading

The post Will The New Credit Score System Help You Get A Mortgage? appeared first on Trulia’s Blog.

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Surprise! Credit Scores In 2016 Matter More Than Ever

If you entered into adulthood after 2008, you probably became accustomed to thinking your cash savings are more likely to grow when safely tucked under your mattress than in most bank accounts, and that interest rates on auto loans and other loans are set in the single digits. But in December 2015, after seven years of fostering… Continue reading

The post Surprise! Your Credit Score Matters More Than Ever In 2016 appeared first on Trulia’s Blog.

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2016 FHA Loan Limits Released

via Bankrate.com » Mortgages By Crissinda Ponder   Several counties throughout the U.S. will see their FHA loan limits increase next year.   The Federal Housing Administration released its maximum mortgage limits for 2016 on Wednesday. Limits are increasing...

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Feds Rate Hike Will Hit HELOC Soon

via Bankrate.com » Mortgages By Crissinda Ponder   Borrowers with home equity lines of credit likely aren't cheering now that the Federal Reserve has announced its first rate hike. Their interest rates -- and monthly payments -- will increase very soon. Wait,...

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Rents Kissed The Sky in 2015

Rents kissed the sky in 2015 via Bankrate.com » Mortgages By Crissinda Ponder Rental rates rose nearly 5% during 2015, according to new data released this month. MPF Research says 2015 was the 6th consecutive year of rent increases at or higher than the 2.7% norm....

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Recent Mortgage News Roundup

Recent Mortgage News The latest mortgage news from around the country. Home Loans For All gives you the most recent mortgage news all in one centralized location.   View your complimentary credit scores today with free trial   [View the story "Recent...

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VA Loan Interest Rates & Benefits

VA Loan Interest Rates are Lower than any other   As a veteran of the United States, you are liable to receive many benefits for different reasons, through different programs. If you are looking to buy a home for you and your family, you will be surprised at the...

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Credit Scores For Home Loans

Credit scores plays a very important role in getting a good home loan with favorable rates. There are official and unofficial guidelines for determining how credit scores will affect an applicant’s eligibility. Lenders use your FICO credit score to determine the...

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HUD Good Neighbor Next Door Program

HUD Good Neighbor Next Door Program   When you buy a home through HUD you should familiarize yourself with their special home buying programs. The first one is known as the HUD Good Neighbor Next Door program. This program allows firefighters, emergency...

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What You Should Look For In A Realtor

What you should look for in a Realtor. The title certainly raises some eyebrows. Purchasing a home isn’t like buying a couch, or even buying a car. It is probably the largest purchase you will make in your lifetime. Buying real estate is a complex process with many...

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Important Info On Getting A VA Loan

Veterans Affairs mortgages, known as VA loans have increased recently because banks have tightened lending criteria. VA loans remain one of the few mortgage options for borrowers who can’t save up down payments. Getting a VA loan is somewhat easier to qualify for than...

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Mortgage Applications Increase Steeply

Mortgage applications increased sharply from the previous week, ending June 5, 2015. According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, applications were up almost eight and a half percent from the prior week. The results...

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FHA Streamline Refinance

  The FHA streamline refinance program helps current FHA homeowners lower their rate and payment without most of the traditional refinance documentation. FHA recently lowered its mortgage insurance premiums by 0.50%. Most borrowers can now drop their interest...

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The Top States To Raise Your Kids In

Being a mother can be both wonderful and challenging. One of the biggest challenges for mothers in America is doing what’s best for their children and family. For all the moms out there, we wanted to highlight the easiest places where your children can get ahead in...

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Tips on Upgrading Your Kitchen

When it comes to doing your dream kitchen, there are trends that are popular now, but also have staying power because they address lifestyle needs, convenience, and savings. Using these simple guidelines on upgrading your kitchen will ensure that you enjoy it for many...

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Why Your Home Isn’t Selling

Why your home isn't selling. Pay close attention to this article. The housing market is off to a slow start this year. Initial data found that homes nationwide spent an average 102 days on the market. It's in the sellers' best interest to keep that figure low. Experts...

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USDA Home Loan Requirements

Do you know what a USDA loan is?  Do you know about the USDA home loan requirements?  Chances are that you will have a rough idea of what it is but you will not know exactly what a USDA loan is.  There are many different types of loans out there and it can get...

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The Bad Credit Real Estate Entrepreneur

This article was written by the original REI Coach himself, Brian Gibbons. Now, I typically do not post anything on my blog other than articles I've written myself but this one was so insightful and full of great information I just couldn't resist. I want to say a big...

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The Down Under Comes to Dallas

MainVue Homes   Reportedly, I.M. Pei never met his hero Frank Lloyd Wright. The young Asian architect waited patiently for his older, wiser contemporary for two hours before giving up. Perhaps that is how the home shoppers feel after being turned away in droves...

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The Pros and Cons of Reverse Mortgages

Reverse Mortgages A reverse mortgage, or lifetime mortgage as it is sometimes referred, is usually a loan offered to seniors. It is created for homeowners over 62 years old. It provides them with access to their home's equity in cash payments. This cash releases money...

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VA Mortgage Loans Offer Lower Rates

  VA Mortgage Loans Are Booming!   Conventional mortgage rates continue to drop. Astoundingly, VA mortgage rates stay nearly half a percent ahead of the pack in the march downward.  Today's VA mortgage rates are the lowest of all available rates. All rates...

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3 Percent Down Payment

  3 Percent Down Payment Mortgage Fannie Mae and Freddie Mac announced recently that they will start backing mortgages with only a 3 percent down payment of the home's price, in an effort to open up lending to more low-income and first-time home buyers.  ...

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Good Credit: A Friend for Life

Good credit is often confused with easy credit, and vice versa. It depends on your definition of “easy.”  When you first start out, your credit should be excellent. When you turn 18, credit card companies start sending you offers. They want you as a customer as soon...

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