2021-09-29 00:25
While all the other mortgage lenders are offering a base conforming limit of only $548,250 for 1-unit, InstaMortgage announced that they will allow conforming loans up to $625,000 for… Read More
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Mortgage News, Rates and Advice from Best-selling author Shashank Shekhar, Top 150 Loan Officer in the Country - NMLS ID 8176.
2021-09-28 17:49
One of the most expensive and profitable things a person can do in life is to buy a house. There are some strategies that we can make use of to reduce the interest on a mortgage. This is the… Read More
2021-09-26 09:04
To help increase homeownership opportunities for borrowers, Fannie Mae is enhancing its underwriting guideline to consider a borrower’s positive rent payment history in the credit risk… Read More
2021-09-17 17:54
Buying a home is one of the most important steps in anyone’s life. Determining what kind of mortgage you can afford is a key factor in making a smart decision. Taking care of your and… Read More
2021-09-07 02:39
Whether you are buying a new home or planning to refinance, you may be asking the question – Adjustable Rate Mortgage (ARM) or Fixed mortgage rate – which one is better? When you… Read More
2021-08-20 21:04
For most buyers, a 30-year mortgage is the first and only option when it comes to borrowing to buy a home. However, whenever it is possible, a 15-year mortgage is the ideal choice for some h… Read More
2021-08-17 20:55
The financial industry is leaning toward democratization more and more every year. From decentralized finance to online-only banks that provide all of the financial services of a traditional… Read More
2021-08-13 20:42
Shopping for a good mortgage rate can sound and feel intimidating because of the many avenues you can take to find the mortgage of your dreams. A mortgage is often a long-term loan designed… Read More
2021-08-02 19:35
A person usually considers a refinance when they need to change the terms of the loan they purchased to make it easier to manage their mortgage. This article will help you understand what a… Read More
2021-07-28 19:07
When you buy a home, you not only have to provide the down payment but, you must also take into consideration the amount you pay the lender for servicing the loan. Many buyers do not take in… Read More
2021-07-21 18:08
Mortgage technology is changing the homebuying process daily. The days of paper applications in your bank’s lobby are over. In a lot of ways, the advancement in mortgage technology has… Read More
2021-07-14 19:05
Mortgage insurance is essentially financial protection for the lender. If the borrower defaults on payments or cannot make the payments outlined in their contract with the lender, then mortg… Read More
2021-07-09 19:51
The process of buying a home for the first time can be a stressful experience. This decision comes with many responsibilities and often steps that we know little about. If this i… Read More
2021-06-27 22:43
A recent announcement by Housing and Urban Development (HUD) has made qualifying for FHA loans easier for borrowers with Student Loans. The debt to income ratio plays an important rol… Read More
2021-06-01 05:35
H1B visa holders are now eligible for Federal Housing Administration (FHA) loans. For a long time, borrowers with an H1B visa could not qualify for FHA loans. Department of Housing and Urban… Read More
2021-05-17 18:46
On April 26th, The House of Representatives introduced new legislation that would provide the first time homebuyer tax credit of up to 10% of the purchase price, or $15,000. The move comes a… Read More
2021-04-19 02:37
Two of the most confusing sections are Prepaids and Impounds on the Closing Disclosure (CD) – Prepaids (Section F) and Initial Escrow Payment at Closing (Section G). Both these s… Read More
2021-04-05 23:03
The housing market has recently seen startlingly low housing inventory. According to data from Altos Research, the number of homes currently on sale has dropped by about half from last winte… Read More
2021-02-28 00:41
Mortgage rates have now increased in six of the last eight weeks. According to Mortgage Bankers Association (MBA) latest weekly survey, average 30 Year Fixed mortgage rates climbed above 3%… Read More
2021-02-17 18:01
Options for mortgage loans for Dreamers have increased. When the Federal Housing Administration (FHA) announced that it would permit individuals protected under the DACA (Deferred Action for… Read More
2021-01-28 00:37
In a new move, the Federal Housing Administration (FHA) announced that it will permit individuals protected under the DACA (Deferred Action for Childhood Arrivals) program to apply for mortg… Read More
2021-01-07 23:24
Median home prices rose at least 10% in the fourth quarter of 2020, significantly impacting housing affordability for many prospective homebuyers. Of the 499 counties surveyed in Attom… Read More
2021-01-06 22:15
As we enter 2021, loan limits for different types of loans have changed. Veterans Affairs (VA) loans closing on or after Jan. 1st, 2021 will be subject to the same loan limits announced by t… Read More
2020-12-09 05:10
2021 will see an increase in both the Conforming and FHA loan limits. Increases in home prices across the U.S. have led to an increase in conforming loan limits. The Federal Housing Finance… Read More
2020-12-08 15:27
2021 FHA Mortgage Loan Limits for Adams County 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 2021 FHA Mortgage Loan Limits for Asotin C… Read More
2020-12-07 21:39
2021 FHA Mortgage Loan Limits for Accomack County 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 2021 FHA Mortgage Loan Limits for Albem… Read More
2020-12-07 15:01
2021 Conforming Limit Virginia is $548,250 and goes up to $822,375 for high-cost counties for one-unit properties. 2021 Conforming Limit Virginia for 2-unit properties is $702,000 and goes u… Read More
2020-12-06 14:44
How to apply for and who can qualify for an FHA loan in 2021? FHA loans offer incredible alternatives for first-time homebuyers and existing homeowners. Tr… Read More
2020-12-05 15:45
2021 FHA Mortgage Limits for Anderson County 1 Unit – $356,362 2 Unit – $456,275 3 Unit – $551,500 4 Unit – $685,400 2021 FHA Mortgage Limits for Andrews&n&hell…Read More
2020-12-04 16:33
2021 FHA Mortgage Loan Limits for Anderson County 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 2021 FHA Mortgage Loan Limits for… Read More
2020-12-04 15:11
Conforming (also called Conventional) loan limits for most of Washington (WA) counties went up for 2021 to $548,250. See below the list of all counties in Washington with 2021 loan limits fo… Read More
2020-12-04 15:01
Conforming and High Balance loan limits for most Virginia (VA) counties went up for 2021. Base conforming loan limit went up to $548,250 and the High Balance loan limit went up to $822,375… Read More
2020-12-04 07:49
Conforming loan limits for all the Texas (TX) counties went up for 2021. Base conforming loan limit went up to $548,250. See below the list of all the counties in Texas with 2021 loan limits… Read More
2020-12-04 07:43
Conforming and High Balance Loan Limits for most Tennessee (TN) counties went up for 2021. Base conforming loan limit went up to $548,250 and the High Balance loan limit went up to $586,500… Read More
2020-12-04 05:09
Conforming (also called Conventional) loan limits for all South Carolina (SC) counties went up for 2021 to $548,250 See below the list of all counties in South Carolina with 2021 loan limits… Read More
2020-12-03 05:05
Conforming (also called Conventional) loan limits for all Pennsylvania (PA) counties went up for 2021 to $548,250 See below the list of all counties in Pennsylvania with 2021 loan limits for… Read More
2020-12-02 05:03
Conforming (also called Conventional) loan limits for all Oregon (OR) counties went up for 2021 to $548,250 See below the list of all counties in Oregon with 2021 loan limits for 1, 2, 3, an… Read More
2020-11-30 15:04
Conforming (also called Conventional) loan limits for most of Oklahoma (OK) counties went up for 2021 to $548,250. See below the list of all counties in Oklahoma with 2021 loan limits for 1… Read More
2020-11-30 06:15
In this post, let’s look at FHA Streamline loan information, benefits of getting such a. refinance, current FHA. streamline rates, and the best lenders to work with. for such a refinan… Read More
2020-11-28 14:19
Conforming (also called Conventional) loan limits for all Ohio (OH) counties went up for 2021 to $548250. See below the list of all counties in Ohio with 2021 loan limits for 1, 2, 3, and 4… Read More
2020-11-27 09:33
Conforming (also called Conventional) loan limits for most of North Carolina (NC) counties went up for 2021 to $548,250. See below the list of all counties in North Carolina with 2021 loan l… Read More
2020-11-26 12:45
Conforming and High Balance loan limits for most New York (NY) counties went up for 2021. Base conforming loan limit went up to $548,250 and the High Balance loan limit went up to $822,375… Read More
2020-11-25 12:18
Conforming and High Balance loan limits for New Jersey (NJ) counties went up for 2021. Base conforming loan limit went up to $548,250 and the High Balance loan limit went up to $822,375. See… Read More
2020-11-24 11:55
Conforming (also called Conventional) loan limits for all the Nevada (NV) counties went up for 2021 to $548,250. See below the list of all counties in Nevada with 2021 loan limits for 1, 2… Read More
2020-11-24 06:24
Conforming (also called Conventional) loan limits for most of Minnesota (MN) counties went up for 2021 to $548,250. See below the list of all counties in Minnesota with 2021 loan limits for… Read More
2020-11-21 18:24
Find out about requirements (including credit scores), guidelines, rates, loan limits, how to qualify, and how to apply for an FHA Loan. This post is limited to qualifying for FHA loans as a… Read More
2020-11-21 15:08
Conforming (also called Conventional) loan limits for most of Michigan (MI) counties went up for 2021 to $5,48,250. See below the list of all counties in Michigan with 2021 loan limits for 1… Read More
2020-11-20 14:32
Conforming (also called Conventional) loan limits for most of Maryland (MD) counties went up for 2021 to $5,48,250. See below the list of all counties in Maryland with 2021 loan limits for 1… Read More
2020-11-19 12:52
Conforming (also called Conventional) loan limits for most of Indiana (IN) counties went up for 2021 to $5,48,250. See below the list of all counties in Indiana with 2021 loan limits for 1… Read More
2020-11-18 12:28
Conforming (also called Conventional) loan limits for most of Illinois (IL) counties went up for 2021 to $5,48,250. See below the list of all counties in Illinois with 2021 loan limits for 1… Read More
2020-11-17 11:55
Conforming (also called Conventional) loan limits for all Idaho (ID) counties went up for 2021 to $5,48,250. See below the list of all counties in Idaho with 2021 loan limits for 1, 2, 3, an… Read More
2020-11-16 10:25
Conforming (also called Conventional) loan limits for all Georgia (GA) counties went up for 2021 to $5,48,250. See below the list of all counties in Georgia with 2021 loan limits for 1, 2, 3… Read More
2020-11-14 09:09
Conforming (also called Conventional) loan limits for all Florida (FL) counties went up for 2021 to $548,250. See below the list of all counties in Florida with 2021 loan limits for 1, 2, 3… Read More
2020-11-13 11:02
Conforming (also called Conventional) loan limits for all but one Connecticut (CT) counties went up for 2021 to $5,48,250 See below the list of all counties in Connecticut with 2021 loan lim… Read More
2020-11-12 12:02
Conforming (also called Conventional) loan limits for most of Colorado (CO) counties went up for 2021 to $5,48,250. See below the list of all counties in Colorado with 2021 loan limits for 1… Read More
2020-11-11 10:17
Conforming and High Balance loan limits for most California (CA) counties went up for 2021. Base conforming loan limit went up to $5,48,500 and the High Balance loan limit went up to $822,37… Read More
2020-11-10 09:01
Conforming (also called Conventional) loan limits for all Arizona (AZ) counties went up for 2021 to $548,250. See below the list of all counties in Arizona with 2021 loan limits for 1, 2, 3… Read More
2020-11-10 01:56
We are in the midst of an extraordinary year that has seen a surprising turn in the mortgage industry. The fact that the COVID-19 pandemic has had unprecedented economic impacts doesn’… Read More
2020-11-09 13:09
Conforming (also called Conventional) loan limits for most of Alabama (AL) counties went up for 2021 to $5,48,250. See below the list of all counties in Alabama with 2021 loan limits for 1… Read More
2020-11-07 12:37
Conforming (also called Conventional) loan limits for most of Alaska (AK) counties went up for 2021 to $8,22,375. See below the list of all counties in Alaska with 2021 loan limits for 1, 2… Read More
2020-10-10 19:24
Let’s define Impairment. According to the Investment vocab, it is the gross reduction in the recoverable part of a fixed asset. So, it is supposed to be good when the impairment level… Read More
2020-10-08 19:43
Millennials are having their day out in the sun, says Ellis Mae. And literally so, with the summer closing out. The age group ‘21-40’ have been using the low-mortgage rate enviro… Read More
2020-10-06 17:26
At a time when the pandemic has shaken the economic structure of the country, the mortgage industry is doing rather well. Low-interest rates have resulted in aggressive buying and refinancin… Read More
2020-10-04 14:19
A Black Knight data reveals a hike in the Coronavirus-related mortgage forbearances. The increase comes on the tail of a 6-week successive fall. For the week closing 29 Sep, nearly 3.618 mil… Read More
2020-10-02 16:08
VA Streamline refinances are also called the Interest Rate Reduction Refinance Loan (VA IRRRL). Are you eligible for a VA Streamline Refinance (IRRRL)? If you currently have a VA loan and wo… Read More
2020-09-30 13:30
Came 2020 and the commercial banks seemed to be expanding their grips on both mortgage and lending services. It has become a U-shaped graph since; what with banks falling out of love with re… Read More
2020-09-29 18:23
The First American‘s Real House Price Index discloses that the purchasing power has grown by 15.8% in July on the year-to-year chart. The monthly appreciation has been 2.2%. For the mo… Read More
2020-09-28 17:16
The Financial Stability Oversight Council has conceded that increased financial strain on government-sponsored enterprises, ‘Freddie’ and ‘Fannie’, could hamper the c… Read More
2020-09-28 00:55
Starting October 1st, 2020, mortgage refinancing is set to get more expensive thanks to the Federal Housing Finance Agency’s (FHFA) 0.5% refinancing fees. Request a Refinancing Rate Qu… Read More
2020-09-26 18:31
The housing industry appears to be the only silver lining in an otherwise hampered broader economy. The squeezed inventory could however start affecting real estate shortly. While the new-ho… Read More
2020-09-26 01:06
Home price growth is expected to slow over the next 12 months as delinquencies rise, according to new data from CoreLogic. This comes despite the rise in equity American homeowners enjoyed d… Read More
2020-09-25 17:45
New-home sales in the closing week of August are at a far higher level than expected. This is largely due to really attractive mortgage rates. Riding on a very high demand in the South, new… Read More
2020-09-24 18:31
Freddie Mac believes that the mortgage rates that have climbed by three basis points could come down near record lows shortly. Freddie Mac’s chief economist, Sam Khater, stated in a pr… Read More
2020-09-22 18:16
The number of borrowers on the Coronavirus-forbearance are down but the Ginnie Mae market is proving to be an exception to the rule. The weekly report of the Mortgage Bankers Association for… Read More
2020-09-21 17:30
Remote online notarization (RON) has been on a high since the pandemic hit the town. Digital closings have allowed the housing industry to operate in times of social distancing and lack of i… Read More
2020-09-19 16:14
Housing starts have performed below expectations in August, signaling lesser construction of apartments. This does not bode well for the broader economy because the housing industry is one o… Read More
2020-09-18 12:02
2020 may just turn out to be a classic year for mortgage originations, feels Fannie Mae. Refinancings, riding on the back of low mortgage rates along with unexpectedly high activity in new a… Read More
2020-09-15 14:22
Many affordable housing markets have seen a hike in home prices, making them a tough grab for the buyers, says Redfin. Daryl Fairweather, Redfin’s Chief Economist, stated in a press re… Read More
2020-09-14 17:25
Mortgage credit availability has declined considerably, reaching the lowest point it has reached in six years, according to the Mortgage Bankers Association (MBA). The Mortgage Credit Availa… Read More
2020-09-14 13:04
TD Bank surveyed 380 borrowers from the South, 240 from the West, 210 from the Northeast, and 170 from the Midwest. To add, 6% of those surveyed were born in or before 1945. 39% were Millenn… Read More
2020-09-13 13:41
One way to form an opinion about demand is to look at the number of listings that have seen a price hike. One reason for such increases is real estate flipping. Investors buy a property, do… Read More
2020-09-10 15:58
For the first time in four weeks, mortgage applications saw a hike, rising by 2.9% over the last week. The housing demand is atypically strong as we come to the end of summer, says the Mortg… Read More
2020-09-09 13:28
The housing market is in hot momentum. The median price of America’s single-family home is sitting at $354,000 this week. This is 9% higher than at the same time last year, and fractio… Read More
2020-09-07 14:52
The payrolls of the nonbank mortgage bankers and brokers cumulatively increased by roughly 2% on the monthly chart and 9% on the yearly chart, divulges the latest report of the Bureau o… Read More
2020-09-05 13:11
Five times more U.S properties went into bidding wars in August, compared to the same month last year, says a Redfin data. Squeezed inventory has led to a hike in buyer demand which has seen… Read More
2020-09-04 14:36
Redfin believes that all the good work done by low mortgage rates has been nullified by inventory shortage. Low mortgage rates had increased affordability but lack of homes has fueled up pri… Read More
2020-09-03 14:52
Ellie May reveals that the millennials have shown robust spirits in July, quite in line with their purchasing highs of May and June. Buoyed by sub-3% mortgage rates, millennials (those betwe… Read More
2020-09-02 13:17
The coronavirus-related forborne rate of mortgages plateaued between Aug. 17 and Aug. 23, says the Mortgage Bankers Association. On the heels of a 10-week long fall, the rate finally held at… Read More
2020-09-01 13:58
Lack of housing inventory and buyer rush have created a demand-supply rift, resulting in high median prices for the Bay Area. For single homes, the Bay area median prices have risen by 8.6%… Read More
2020-08-15 09:23
Not since April end had mortgage forbearance dipped below 4 million. Well, it did just that for the week ending Aug 10, reports Black Knight. On August 3, the mortgage forbearance number was… Read More
2020-08-13 15:30
The Coronavirus-related moratorium has resulted in mortgage foreclosure activity posting an 83% deficit over its performance a year ago, says Attom Data Solutions. Compared to June, the numb… Read More
2020-08-10 09:29
Riding on the back of continuing low interest rates, mortgage application volumes saw a spurt after a two-week fall, reports Mortgage Bankers Association. The MBA’s Weekly Mortgage App… Read More
2020-08-01 15:19
Having slipped below 3% for the first time in retrievable memory, the 30-year fixed-rate mortgage had made a symbolic return to 3.01% before slipping once again to 2.99% (for the week ending… Read More
2020-07-31 15:23
Fannie Mae has posted its best refinancing figures in the last 17 years and its Q2 earnings have put in shade its Q1 earnings, demonstrating that it is having a decent time despite the setba… Read More
2020-07-30 15:40
Riding on the declining mortgage rates, pending home sales have come around really well, beating all expectations. This further asserts that the housing market is the only silver lining in t… Read More
2020-07-29 14:45
The rate of homeownership in America has reached a level untouched since 2008. Spearheaded by the young population, the housing boom that had been stalled by the Coronavirus seems to have fo… Read More
2020-07-28 15:16
The number of mortgages hitting forbearance has come down for a 6th consecutive week. The speed of fall has slowed down though. Forbearances triggered by the Coronavirus declined by 6 basis… Read More
2020-07-23 17:51
Having fallen below 3% for the first time since Freddie Mac started recording, the mortgage rates have risen above 3% once again, thus arresting a fall which began 6 weeks ago. At this point… Read More
2020-07-16 16:01
For the first time in the last 50 years, the mortgage rates for the 30-year fixed-rate loan have come below 3%. Freddie Mac reveals that the rates sat at 2.98% for the week closing on July 1… Read More
2020-07-15 14:53
The 5.1% week-to-week hike in mortgage applications has piggybacked largely on robust growth in the volume of refinancing. The MBA’s Weekly Mortgage Applications Survey (for the week c… Read More
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