Stocks Are Suffering, But It’s Helping Rates Stabilize Weekly Newsletter May 20, 2022 6:34 PM ET In 2015 and 2018, the phrase “global growth concerns” was all the rage. The concept helped explain downward movement in stocks and rates that otherwise didn’t always have an immediate justification. Now in 2022, it’s time to bring it out…
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Best Week For Rates in Almost 2 Years, But There’s a Catch Weekly Newsletter May 13, 2022 6:04 PM ET Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why, we first need to examine the relationship between stocks…
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Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise Weekly Newsletter May 06, 2022 4:26 PM ET It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the…
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How to Avoid Fake Pre-Approvals By Selena Boyts You receive a call from an enthusiastic and considerate representative claiming to have an attractive pre-approved loan offer. Before getting too excited, pause and think before you act. More often than not, such calls are made by fraudsters or lenders trying to pull a fast one.…
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The Fed’s Playbook is Already Out For Next Week And Rates Have Already Reacted Weekly Newsletter Apr 29, 2022 4:24 PM ET The first few months of 2022 have seen rates rise at the fastest pace since the 1980s as a confluence of known issues collided with unexpected volatility due to the war in Ukraine. Known…
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A prequalification does not require you to fill out an application; It simply relies on the information that you provide. A preapproval requires you to fill out an application and authorize your mortgage broker to pull your credit. I can provide you with either of these. I can tell you quickly what you will qualify…
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Sometimes when you are self employed it’s hard to qualify for a conventional mortgage since you are not always able to show enough income on your tax returns. However, conventional loans are not your only option. You might be able to qualify for a Bank Statement Loan. In order to find out if you qualify…
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There are many reasons why it can be better to work with a mortgage broker instead of a bank when you are trying to get a home loan. A great mortgage broker will work very hard for you to find you the best product and to help you get into your new home as quickly…
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Location, location, location. The key to any real estate transaction is location, and when buying a home, you always put that first. You found a great house, in a great neighborhood but the kitchen is small and outdated, the appliances are old, and the lights are awful. If only that kitchen were new, the home…
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Do you have a stable job with stable income? Do you have good control of your monthly debt payments and a decent credit score? If you answered yes, then you are probably ready. The first step to find out if you are ready to purchase a home is talking to a mortgage professional. A local…
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