Mortgage Information Center

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage
July 22, 2015 |

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.

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Mortgage 101: 3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application
July 15, 2015 |

Mortgage 101: 3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

Completing a loan application is among the first steps mortgage applicants take when applying for a loan, and it is easy to overlook the importance of providing accurate information at this stage in the process. It is best to take time complete the loan application as accurately as possible as it is a legal requirement and because of the other negative consequences.

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3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy
July 14, 2015 |

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment, but the closing costs as well. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased.

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Home and Garden

How to Cut a Watermelon
[ 0 ] July 28, 2015 |

How to Cut a Watermelon

Hot days call for watermelon. This video will show you how to choose a watermelon and two different strategies for cutting and peelingĀ  your fruit.

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Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home
July 24, 2015 |

Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home

Homeowners who are thinking about listing their home for sale in the coming weeks or months may be focused on improving their home to help it sell more quickly, but there also may be a focus on adding value to the home in the process. In fact, these are a few simple and easy projects that can typicaly be completed over the course of a weekend; that can add value and desirability to the home.

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Safety Tips: 5 Ways to Prepare for a House Fire – and What to Do if One Breaks Out
June 26, 2015 |

Safety Tips: 5 Ways to Prepare for a House Fire – and What to Do if One Breaks Out

House fires can break out for a wide range of reasons, and these include everything from grease fires while cooking in the kitchen to lightning striking the home.

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Home Buyer Tips

House Hunting? Watch for These 5 Red Flags when Viewing Potential New Homes
July 16, 2015 |

House Hunting? Watch for These 5 Red Flags when Viewing Potential New Homes

While there are specific factors that buyers may be searching for in a new home, there are also a few warning signs that home buyers should keep their eyes open for. The following are among the top red flags that may serve as warning signs.

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3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy
July 14, 2015 |

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment, but the closing costs as well. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased.

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Buying a New Home? 3 Tips for Being Approved for a Second Mortgage – and How to Manage It
June 30, 2015 |

Buying a New Home? 3 Tips for Being Approved for a Second Mortgage – and How to Manage It

Applying for a second mortgage is a great way to keep your down payment amount to a minimum and to keep more of your cash in your bank account. It can also help you to avoid making PMI payments…

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Other Recent Posts

Market News for July 30, 2015

Market News for July 30, 2015

[ 0 ] July 30, 2015 |

U.S. economic growth rebounded in the second quarter of this year, led by a rise in consumer spending along with an increase in exports. The Bureau of Labor Statistics reported that Gross Domestic Product, the total value of goods and services produced in the U.S., rose by 2.3%. This was well above the anemic 0.6% […]

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The HARP Mortgage Program is Coming to an End Soon – Here’s What You Need to Know

The HARP Mortgage Program is Coming to an End Soon – Here’s What You Need to Know

July 28, 2015 |

The United States government established the HARP program, otherwise known as the Home Affordable Refinance Program, to assist homeowners who are struggling with their mortgage payments. However, the program will be ending soon, and homeowners who have not yet taken advantage of the program and who intend to do so may need to act quickly.

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Market News for July 27, 2015

Market News for July 27, 2015

[ 0 ] July 27, 2015 |

Black Knight Financial Services reported today that its Home Price Index in May rose 1.1% from April as the housing sector continues to gradually improve. The current price was pegged at $251,000, which is 5.1% higher than May 2014 and is up 25% from the market bottom. The price peak came in June of 2006 […]

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What’s Ahead For Mortgage Rates This Week – July 27, 2015

What’s Ahead For Mortgage Rates This Week – July 27, 2015

July 27, 2015 |

Last week’s scheduled economic news releases were limited as no news was released on Monday or Tuesday, but good news did arrive in the form of a dip in mortgage rates for fixed rate loans. NAR reported higher sales of pre-owned homes and FHFA reported that home price growth associated with mortgages held or backed by Fannie Mae and Freddie Mac held steady in May.

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Market News for July 24, 2015

Market News for July 24, 2015

[ 0 ] July 24, 2015 |

The Commerce Department reported on Friday that June New Home Sales unexpectedly declined by 6.8% from May to an annual rate of 482,000, below the 550,000 expected. The June reading was the slowest pace in seven months. May was revised lower to 517,000 from the original estimate of 546,000. The 482,000 is 18.1% above the […]

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