Articles
August 4, 2016
Fannie Mae’s HomeReady Program New Information
Fannie Mae’s HomeReady, the affordable mortgage option designed to meet the diverse needs of today’s borrowers, announced new enhancements. HomeReady allows borrowers to provide as little as 3% down, and was the first affordable lending option to offer creditworthy borrowers the ability…
July 28, 2016
How to Know if It’s a Good Time to Refinance
Chances are you’ve heard the media outlets mention how low interest rates are right now. You may have also heard plenty of advertisements enticing you to refinance your current mortgage. But how do you know if now is the right time for…
July 21, 2016
A Buyer’s Guide to Home Ownership
So you want to buy a house in the near future… What’s the first step? What needs to be put in place to make the dream become a reality? Follow this guide and take these steps toward home ownership. 1. Assess Your…
July 14, 2016
More News from Fannie Mae on Credit Evaluation
According to a recent article from Julie Wink of National Professional Mortgage Magazine, Fannie Mae’s announcement about “trended” data being added to mortgage credit reports for the underwriting process is going to cause a shift in the mortgage industry. This announcement will…
July 7, 2016
Pros and Cons of Banks, Brokers, Credit Unions, and Online Mortgage Companies
Seems like these days there are plenty of places where you can obtain financing for a home. There are pros and cons to each so in an effort to help you keep your clients well informed, today I’ll provide full disclosure on…
June 30, 2016
How Will Brexit Affect the Mortgage Market?
In the wake of last week’s Brexit vote in the UK, Wall Street took a tumble and lost most of the gains it had experienced in 2016. What exactly does this mean for the status of mortgage rates here in the US?…
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