A survey released by the Mortgage Bankers Association (MBA) revealed that the total mortgage applications for newly built homes was higher in October than in any other month so far this year. The Report The Builder Application Survey of the MBA showed that the total number of applications during the month of October rose 16.1% compared to the same period last year. Moreover, … [Read more...] about MBA: Mortgage Applications Surge in October
Getting a home loan is one of the most crucial aspects of every home buying journey. The entire process can get very confusing and it can end up very draining especially when you're less prepared. It's even trickier for borrowers to completely know the ins and outs of getting a home loan because the industry constantly evolves. Several factors affect the changing norms of … [Read more...] about Ways to Increase Your Chances of Getting a Home Loan
When it comes to homeownership, millennials can come up with a thing or two about why they end up deciding not to pursue it. The reasons are just simple mortgage misconceptions that can be addressed and debunked. Before going into detail about these mortgage misconceptions, there are quite a few factors that stop these potential buyers from actually pursuing … [Read more...] about Mortgage Misconceptions that Millennials Have About Homeownership
When you buy a home, there are sure to be some challenges that you're going to face. One of those challenges is saving for a down payment. True enough, a lot of American homeowners still think that saving up a lot of money to put down on their home is one of the hardest obstacles they had to face. Click to see the latest mortgage rates. But then again, there are … [Read more...] about 4 Important Reasons Why Saving For a Down Payment Is a Smart Move
Whether it's working on a freelance basis or running your own business, the gig economy continues to grow its number. According to Forbes, the number of self-employed individuals is foreseen to grow at 50% by 2020 and a lot of the reasons are because of the opportunities that come with the advancement of technology. Today, the growing trend of independent work could be … [Read more...] about Can You Get A Mortgage If You’re Self-Employed?