Why Do So Many Mortgage Companies Call?
If you’ve recently applied for a mortgage loan, you may have noticed a trend – your phone is ringing (even more than usual) with numbers on the caller ID you don’t recognize. If you answer, you’re likely getting pitched for a mortgage from a company you never contacted and a loan officer or dialer you…Read More
The Ins and Outs of a Jumbo Mortgage
Looking to purchase your dream home? Or perhaps you live in a high priced market where home values have appreciated faster than conventional loan limits can keep up? Jumbo mortgage financing offers opportunity for those looking to borrow beyond what FannieMae, FreddieMac, or HUD will offer or insure, and opens the door to financing for…Read More
Homeowners Should Expect Appreciation in 2022
Home Appreciation Expected to Continue Through 2022 With the final quarter of 2021 under way, we expect to see a lot of forecasts and announcements around changes as we head into another new year. Over the next month, 2022 loan limits will be announced, lenders will begin to make a final push to finalize…Read More
Why Credit Scoring Models Show Different Scores
Why Are Credit Scores Different? If you’ve shopped around for a mortgage loan, one of the things you’ve likely seen is that credit scores lenders pull tend to be different (sometimes by quite a lot) from what you see when tracking your own credit scores. Why is that? It comes down to how credit information is reported, which scoring…Read More
8 Things to Consider When Refinancing
8 Things to Consider When Refinancing Since the 1980s, rates in the US have consistently fallen on mortgage loans, with new all time lows regularly being established. Refinancing can be a great financial decision, but it’s important to consider a few things before diving in so you can be prepared for the process, outcomes, and…Read More
3 Tips to Increase Credit Scores FAST
3 Tips to Increase Credit Scores FAST When applying for debt, a lot of weight is put on credit scoring. The difference between ultra competitive rates, terms, and lenders practically begging for your business and seeing terms that come with astronomical rates and costs can sometimes be just a few points in credit scoring.…Read More
How Our Mortgage Technology Helps You
How Our Mortgage Technology Helps YOU When choosing a loan officer, some of the things people focus on have been the things people have focused on for years – decades, even; rate, APR, is the company local, do they have a good reputation? All of these factors are important, but in today’s world, another…Read More
Mortgage Myth: Skipping a Payment
Mortgage Myth: “Skipping a Payment” when Refinancing One of the most common myths in the mortgage world is an oft-misunderstood aspect of refinancing when it comes to the first payment date of a newly originated/refinanced loan. Many times consumers and loan officers alike are confused by the timeline of having one loan paid off and payments…Read More
Home Prices – The Market is Affordable!
Homes Are More Affordable Than They Seem In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and sellers, too!). With sharp appreciation and bidding wars becoming more common, it seems the market is unaffordable, but when diving into the data, it appears that throughout the US,…Read More
2021 Conventional Loan Limits are Out…and Up!
2021 Loan Limits Are Out and They’re Up! Today, Fannie Mae & Freddie Mac released their updated loan limits for 2021. Each year, maximum loan limits on conventional loans are adjusted based on median home values and the overall housing market. For 2021, we’re seeing a 7.5% increase to conventional loan limits! The new…Read More