The Personalized Touch of Mortgage Brokers When it comes to securing a mortgage, a personalized approach can make a significant difference. Mortgage brokers serve as intermediaries who work directly with you to find the best possible loan options that fit your unique financial situation. Unlike bank loan officers, who are confined to offering only their…

Picking the Best Mortgage Lender Selecting the right mortgage lender is a critical step in the home-buying process. The lender you choose can significantly impact your financial future, so it’s essential to make an informed decision. Here are some key factors to consider when picking the best mortgage lender for your needs. Understand Your Credit…

What is a Mortgage? When considering purchasing a home, you’ll likely come across the term ‘mortgage.’ Understanding what a mortgage is and how it works is crucial, especially if you plan to finance your home purchase. This in-depth guide will help you grasp the key concepts behind mortgages and how they can impact your financial…

Average 30-year mortgage rates may fall to 5.1% by the end of 2025, down from 6.3%. Zillow predicts home prices to increase by 1.5%, bringing the average U.S. home price to about $366,701.

Measure: Amendment No. 5 Effective Date: January 1, 2025 Support: 66% approval from voters Details: Establishes an inflation adjustment for the homestead exemption, allowing it to increase with inflation. Impact: Expands the property tax break for primary homeowners to help counter rising costs.

Have your personal financial documentation and get in touch with your lender. Your preapproval letter should either spell out the expiration date or list how many days the letter is valid. Reach out to the mortgage loan officer listed on your letter. You’ll have to provide current versions of your preapproval documentation.

Mortgage underwriting assesses credit, finances, and property value to determine mortgage application approval. Steps – Preapproval: Estimates borrowing capacity – Verification: Confirms income, assets, and credit – Appraisal: Matches property value to loan – Title search: Verifies legal ownership transfer

Mortgage preapprovals generally last 30 to 90 days: Most lenders set this timeframe to ensure borrower finances are up-to-date.You can reapply if preapproval expires: Reapplying may adjust your preapproval amount if financial circumstances change.

‘We have to be better at explaining to the client the time is now,’ said CEO Tristan Kirk (pictured), CEO and managing partner of Citadel Mortgages in Canada and Simply Approved Mortgages in the US, is acutely aware of the changes shaping the mortgage industry in North America. And, when asked about the recent growth…

Focus turns to how new Trump administration will tackle housing crisis The dust has settled on a momentous 2024 US presidential election campaign that dominated headlines for months and put two sharply contrasting plans for America’s future in the spotlight – and as a second Donald Trump presidency looms into view, attention in the mortgage…