With: John Meussner, Loan Officer & Mortgage Coach @ Mason-McDuffie Mortgage So it's been a day and the government is still shut down. What exactly does that mean? I'll spare the humor and all the things I'd like to say - basically it means that some services are available, and others aren't. While many... Continue Reading →
If you're thinking about buying a home, one of the first questions you may have is how much money you'll need. While the answer is almost always "it depends", one thing is for sure - most people are surprised to find out it takes less money than they think to buy a new home. In... Continue Reading →
When it comes to getting a home loan, many people struggle with where to find the best loan for them. Shopping for a mortgage is different than shopping for a toaster. With a toaster, you can go on Amazon or walk into a store, pick the toaster, pay for it immediately, and if it doesn't... Continue Reading →
Learning How Much Mortgage You Can Qualify For It's one of the most frequently asked questions when someone begins their search for a home. "How Much Mortgage Can I Qualify For?" is one of the most important questions someone can ask, because it will help determine what type of home they will look for, what... Continue Reading →
Post-housing market collapse, getting a mortgage got tough. Rather than a joyous experience and a simple process, the journey from application to closing on a mortgage loan sat in the same realm as root canals, DMV visits, insurance claims, and getting faulty credit fixed. Since that time (nearly a decade ago!), much has changed, but... Continue Reading →
Last week's economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points.
Below is a guest blog post by Janet Elliot of RE/MAX Purchasing a new home is part of the American Dream, just as much as graduating high school and college, getting married, and having children. It’s also the hardest part of the dream to achieve; you need patience, resilience, thick skin, and great financial planning. The latter is the... Continue Reading →
Last week's economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released.
If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you are looking to purchase a home in the near future. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after.