We all have access to massive amounts of information via media and the internet. Many times that information can be misleading or outright wrong. Let’s explore some of the common myths I regularly experience with regards to credit and mortgage loans. Myth: Using your […]
If it’s been a few years since you purchased or refinanced a home, you may not realize that it’s taking much longer to close on a mortgage loan these days. According to Ellie Mae, the leading provider of on-demand loan origination software and services, the
Is this a good time to buy a home? It’s a question with no correct answer. Dallas-Fort Worth home prices have risen 9.5 percent year-over-year in the fourth quarter of 2015 as demand continues to surge, according to the Texas Quarterly Housing Report. There
Today mortgage loan products are somewhat of a commodity. You can get a mortgage at your corner bank. However, just because it’s easy to find a mortgage wherever you go does not mean that mortgage terms are the same, too. Often they are not
The VA Loan Guaranty Program is a special mortgage loan benefit designed for qualified U.S. military veterans and their spouses. The VA mortgage loan is a no down payment, 100 percent mortgage that is available through any VA-approved lender. The interest rates available on
Yes, mortgage rates are still very attractive as 2015 is coming to a close. Mortgage rates as I have written here over the past year have defied the predictions of most “experts” including my own at times. According to Freddie Mac’s Primary Mortgage Market
Mortgage rates were crushed today, moving higher than any single-day since 2013. The 30-year fixed mortgage rate experienced a full eighth (.125) point hike. There have only been 14 days in the past five years that have had a spike of an eighth or
The “Know Before You Owe” rule went into effect on October 3. This new rule was championed by the Consumer Financial Protection Bureau (CFPB) and requires specific timeframes for consumers to receive and review their Loan Estimate and Closing Disclosures. The new home loan
According to Rasmussen Reports, a media company specializing in public opinion polls, a recent survey of 1,000 showed that Americans are more convinced that their local housing marketing is good for sellers. How confident should home sellers in the Dallas-Fort Worth be feeling? Median
I’m sure you heard your parents embellish something about their childhood, like how many miles they had to walk to school. If you were like me, you rolled your eyes, nodded and smiled. Well, soon we will tell our kids how we used to