In an age where smartphones redefine the way news is spread or business is made, where supercomputers are catapulting humans’ reach into deep space, and where the internet is rapidly becoming the medium of progress, the mortgage industry is noticeably left behind. Majority of its processes still rely on manual operations and only a few have seemed to embrace the power of … [Read more...] about Tech for Mortgage: Revolutionizing an Entire Industry
Homeownership is a journey full of wild emotions. One day you find yourself exhausted with all the paperwork and agent appointments and another time you’re all fussy and excited about the prospect of moving. It’s a lot to take, but there are plenty of reasons to be looking forward to a bright future, no matter how scary it might get.The costs, for example. You of all people … [Read more...] about What Are Your Closing Cost Payment Options?
What are some proven ways to reduce mortgage principal effectively and slash some years off your home loan? The thought of going through the whole process of buying a home is intimidating for many. Aside from the anxiety of finding a property that is within your budget, there’s the nagging worry of getting a mortgage. Not to mention all the tricky decision-making that comes … [Read more...] about Ways to Reduce Your Mortgage Principal
Total mortgage portfolio increased at an annualized rate of 6 percent in October according to Freddie Mac’s latest Mortgage Volume Summary Data for 2017.Other highlights of the report include the following:For October, the volume of single-family refinance loan purchase and guarantee was $13 billion. This represents 38 percent of the total single-family mortgage … [Read more...] about Freddie Mac Releases Mortgage Volume Summary for October
When home prices continue to push buyers away from the already scarce inventory, alternatives have to be sought. Among which are pre-foreclosed properties. What are these properties and is it wise in invest in them? Looking for an affordable home can be a challenge for homebuyers especially in major cities in the country. During the past year, home prices have … [Read more...] about How Do You Buy a Pre-Foreclosed Property?