COVID Mortgage Relief. How Has the Pandemic Affected the Mortgage Industry?
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COVID Mortgage Relief. How Has the Pandemic Affected the Mortgage Industry?

The COVID-19 pandemic has impacted the housing market, bringing significant changes to the financial system and affecting buyers, homeowners, and renters alike. In February of 2021, the Biden Administration extended the COVID-19 forbearance and foreclosure protections for homeowners through June 30. During this period 1 in 5 renters were late on rent payments while another...

Posted by August 17, 2021August 18, 2021
The Benefits of Working With a Mortgage Broker
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The Benefits of Working With a Mortgage Broker

Mortgage rates are at a record low and it may be a good time to think about buying a house. Having a higher discretionary income will work to your advantage when obtaining a loan but there is much more to the process. There are several details to consider when making these decisions between yourself and...

Posted by June 28, 2021June 29, 2021
A Quick Guide to the Mortgage Rate in South Carolina
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A Quick Guide to the Mortgage Rate in South Carolina

Home values in South Carolina have increased by 8.7% this past year making it one of the most popular states to move into and for good reason. The Palmetto State not only has beaches, historic locations, and various state parks, but it also has a growing job market and a reasonable cost of living. If...

Posted by June 25, 2021June 26, 2021
5 Effective Ways to Negotiate the Best Mortgage Rates Possible
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5 Effective Ways to Negotiate the Best Mortgage Rates Possible

In Q1 of 2019 alone, there was more than $63 billion worth of new mortgages approved in the United States. Hopeful homebuyers across the US are taking advantage of the low mortgage rates and so should you. Just because rates are low doesn’t mean that you can just go out and get the first mortgage...

Posted by August 30, 2019August 31, 2019
How Does Refinancing a Home Work? A Complete Guide
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How Does Refinancing a Home Work? A Complete Guide

Last fall, applications for mortgage refinance loans were at an 18-year low. This means that 22% fewer people were applying to refinance their home. What does that mean exactly? It’s good! It means that fewer people are having to take out a second loan to pay for their current mortgage. However, having to refinance your...

Posted by May 13, 2019May 13, 2019
Economist Credits Digital Mortgages For Drop in Loan Fraud
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Economist Credits Digital Mortgages For Drop in Loan Fraud

While purchase mortgages account for a growing share of overall volume, industry-wide investments in more automated and efficient underwriting processes have helped lower instances of fraud. The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage applications for purchase loans decreased 7.8% year-over-year and 4.6% month-over-month in May, according to First American...

Buying A House? New Forecast Shows Now’s The Time To Act
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Buying A House? New Forecast Shows Now’s The Time To Act

  The Clock is Ticking When it comes to buying a house, time is of the essence – at least according to Freddie Mac’s latest forecast. The GSE expects mortgage rates to jump nearly a half-percent by the end of 2019. Rising Rates Will Only Get Worse Mortgage rates may have risen slightly over the...

Homeowners Refinance as Tax Reform Looms
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Homeowners Refinance as Tax Reform Looms

Refis on the rise Homeowners are refinancing in droves. According to the recent Ellie Mae Origination Insight Report, refinances accounted for 40 percent of all closed loans in December. On just conventional loans, the refinance share was nearly half. From tax reform to refinance Refinances and FHA loans rose one percentage point in December overall....

Conforming Loan Limits Jump by Nearly $30,000 [INFOGRAPHIC]
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Conforming Loan Limits Jump by Nearly $30,000 [INFOGRAPHIC]

2018 loan limits move up to $453,100 Conventional / conforming loan limits are up — way up — and it could benefit home buyers and refinancing households in 2018. Last year, Fannie Mae- and Freddie Mac-approvable mortgage amounts increased for the first time in 11 years. Thanks to rising home prices, maximum amounts took just...