A cash-out refinance replaces your existing mortgage with a new, larger loan, paying you in cash the difference between the amount borrowed and what you owe on the home. The new loan can typically included all closing cost and prepaid taxes and insurance ( tax and insurance collection in order to establish a new escrow…

Are you interested in buying a tiny home either to live in or rent out for a profit and wondering what types of loans you can qualify for? FHA loans can cover the purchase of a tiny home in most circumstances if a borrower is eligible. If you are interested in learning more about buying…

The Federal Reserve recently approved an increase in interest rates and is planning on implementing more hikes in the coming months in order to curb inflation and preserve the growth of the economy. These climbing interest rates have many people wondering how the real estate market and housing prices will be impacted. If you are…

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals. AT A GLANCE – Key Economic Data and Events during March 2022 Interest Rates Higher: The Fed raised the Fed Funds Rate 0.25%. The 10-Year Treasury yield rose to 2.32% (Mar 31) from 1.83% (Feb 28).…

Taking out a mortgage to finance the purchase of a home is a substantial financial commitment, and fortunately, the original terms of your loan don’t always have to be permanent if you refinance your mortgage. A rate and term refinance is an option that can end up saving borrowers a significant amount of money over…

Donate to one of the numerous charitable organizations providing support to people on the ground. Here are three that we’ve donated to: GlobalGiving a crowdfunding platform, currently has a Ukrainian crisis relief fund working to provide food, water, shelter, and other assistance to refugees. Direct Relief is working to fulfill a list of medical needs…

Are you interested in buying a home, and wondering what kinds of documents you will need to provide when you apply for a mortgage? The process of buying a home can seem stressful because it involves several steps, however being well prepared and having all of the necessary paperwork organized ahead of time can help…

When buying a home, the interest rate of your mortgage will affect the total amount you will pay for your home throughout the life of the loan. Your credit score directly impacts mortgage rate pricing, and if you have a higher credit score, you will be able to qualify for better interest rates. If you…

If you have a bunch of different stocks or are savvy in stock trading then you likely monitor the S&P 500 or honestly they usually just monitor their own personal stocks. Then you have those who just have a 401-K or mutual fund that has a heavy portion of US Stocks then honestly your best…