Refinancing activity increased in October, according to Ellie Mae’s recent Origination Insight Report. In fact, refinances across all types have shown a noticeable surge. The Report Ellie Maeis a premier provider of software services for the residential mortgageindustry. The report analyzes trend in closed loans within the most recent three to six months. In its report … [Read more...] about Ellie Mae: Refinance Activity in October Increases
Freddie Mac Plans to Get Rid of Appraisals
In the traditional mortgage process, the market value of a home is determined by a thorough, manual evaluation process called an appraisal. The appraiser assesses the home’s pricebased on its condition and the existing market factors. But what Freddie Mac plans in a novel move, could mean saying goodbye to appraisals forever. A Bold Change Certainly, the mortgage giant is … [Read more...] about Freddie Mac Plans to Get Rid of Appraisals
So Let’s Talk About Property Titles
An important part of the closing process is having a title search. But what exactly is a title search? Many homeowners lack total knowledge about this significant part of the home buying process. For most, entrusting title searches through an escrow servicer is easier. However, it is also possible to order for a title search on your own or through an attorney. Let’s look … [Read more...] about So Let’s Talk About Property Titles
Choosing the Right Mortgage: A Simple Guide for the First Time Home Buyer
Many homeowners don’t know what mortgage really is, let alone the right type they need to get for their first home financing. So for the purpose of education, we lay out this simple and concise guide to help you navigate through the complex albeit navigable arena of home purchase. Mortgage Defined A mortgage is a type of loan lent to a borrower for the sole purpose of … [Read more...] about Choosing the Right Mortgage: A Simple Guide for the First Time Home Buyer
Ways to Add Value to Your Home
It’s a healthy period for both homebuyers and homeowners in the US housing market. The wave of low rates that began in the second half of the year continue to fuel the influx of mortgagepurchase and refinance. And just as well, it’s never been a greater time to get a good deal on the sale of your home. The prices are high, owing to the overwhelming demand and the current … [Read more...] about Ways to Add Value to Your Home