Rate Notes Following the prior week’s record low levels, mortgage rates dipped even lower for the week ending May 4. The overall average rate for 30-year fixed-rate mortgages dropped by .02%, to 4.15%. The 15-year fixed-rate decreased to an average 3.391% (a .02% dip from the previous week). FHA-backed 30-year mortgages decreased slightly to 3.79% [...]

Rate Notes Mortgage rates decreased slightly for the week ending April 27, resulting in record low levels. The overall average rate for 30-year fixed-rate mortgages dropped by .02%, to 4.17%. The 15-year fixed-rate decreased to an average 3.41% (a .03% dip from the previous week). FHA-backed 30-year mortgages decreased slightly to 3.80% (.01% drop) and [...]

Rate Notes The latest surveys show slight variations (upward and downward) in mortgage rates for the week ending April 20. The overall average rate for 30-year fixed-rate mortgages was 4.19% (a .01% increase from the previous week). The 15-year fixed-rate inched up to an average 3.44% (.02% increase). FHA-backed 30-year mortgages decreased slightly to 3.81% [...]

Rate Notes Last week we experienced a significant drop in mortgage rates. As of April 13, the overall average rate for 30-year fixed-rate mortgages was 4.18% (a decrease of .12 percent from the previous report). The 15-year fixed-rate dropped to an average 3.42%. FHA-backed 30-year mortgages decreased to 3.82% and the overall average for 5/1 [...]

Rate Notes As of April 6, the overall average rate for 30-year fixed-rate mortgages was 4.30 %. The 15-year fixed-rate dropped to an average 3.54%. FHA-backed 30-year mortgages decreased to 3.86% and the overall average for 5/1 Hybrid ARMs stood at 3.05%. Meanwhile, the Federal Reserve has again emphasized that it intends to leave the [...]

Dan Milstein, who is the #1 mortgage originator in the nation, has helped thousands of first-time buyers through the maze of applying for and securing a mortgage. Drawing upon that experience and knowledge, Milstein has developed a list of nine tips he suggests for all mortgage seekers but especially for first-timers. With the economy picking [...]

My clients often ask me the question, “In your professional opinion, when should I lock the rate for my loan?”  Locking the interest rate for your loan is a key aspect of the financing process.  The interest rate lock reserves funds for the new proposed loan, and it is important to close the loan prior [...]

FHA financing has many benefits over traditional conv financing.  For most home buyers, 20% down is not a reality.  So, let’s say you have 5% down or less and you are looking to purchase a home.  Fha offers: Lower credit scores for best rate.  For FHA our lenders are looking for a 640 or higher credits scores.  [...]

This is a question I receive a lot these days considering the recent climate of the real estate market.  At this time, I would have to say yes this is a good time to buy a new primary residence, second home, or even an investment property.  Back in 2008-2009 we saw the market flooded with [...]

Absolutely, you should use a Realtor and there a numerous reasons why.  First of all, the services of a Realtor as a buyer’s agent do not cost you anything.  The commission to both the listing agent and your buyer’s agent are paid for by the seller.  A Realtor will meet with you and put together [...]

Buy an Investment Property With a Smaller Down Payment We have several choices for an investment property loan that require little down payment so that you can have more money to use toward repairs or remodeling your investment property. Whatever your investment goals, we can get you a mortgage that best fits your situation and [...]

A Gold Star Approval Gives You More Bargaining Leverage You’ll have peace of mind knowing what you can truly afford. Plus, you won’t waste time looking at homes outside your price range. You can close in just weeks – another bargaining chip! Need Help Finding a Real Estate Agent? We have a network of experienced, [...]

When a lender makes a decision about a mortgage application, they consider two basic factors: 1) your ability and 2) your willingness to repay the loan. Ability to repay the mortgage is determined by verifying your current employment and analyzing your total income. Lenders prefer for you to have been employed at the same place [...]