Traditionally, the guidelines for qualification for investment property loans have been much stricter, with greater minimum down payment requirements, higher mortgage rates, and tougher employment history, debt to income ratio, credit score and history criteria. These made acquiring property loans for many investors difficult, if not impossible. In this blog we will look at creative […]
Uncovering the Hidden Advantages of Higher Interest Rates
Toward the end of last year, the Federal Reserve announced that borrowers could expect a series of rate hikes throughout the year in an effort to fight inflation and prevent the economy from expanding at an unsustainable rate. Although interest rates are key considerations for most borrowers, there are actually a number of advantages to […]
In the Realtor-Lender Partnership, What Does Your Lender Do for You?
Have you ever asked yourself, in the Realtor-lender partnership, what does your lender do for you? Undeniably, realtors who have a consistent list of strong prospective buyers and sellers have the greatest chances for success, and lenders and their realtor partners have strong reciprocal opportunities for business referrals. Lenders can be an important source of […]
How to Compare Offers from Different Mortgage Lenders
Individual mortgage lenders may offer a variety of different loan rates, terms, and qualifications, which can make shopping for a mortgage seem confusing, stressful and time-consuming without expert help. The type of loan you obtain can affect not only the affordability of the monthly payment, but often how quickly you build equity in your property […]
Selecting the Right Mortgage Professional to Work for Your Best Interests
Buying real estate can be intimidating, and as a borrower, it can be difficult to know all the details and options about mortgages including the availability of different lending products, rules and regulations, and the qualifications and documentation required for obtaining a loan. Therefore, it is beneficial for many buyers to find a mortgage professional […]
Fannie Mae & Freddie Mac Mortgage Loans FAQs
There are two large companies that guarantee most of the mortgages in the U.S. They are the Federal National Mortgage Association (FNMA) known as Fannie Mae, and the Federal Home Loan Mortgage Corporation (FHLMC) or Freddie Mac. In 2008, following the most serious financial crisis since the Great Depression, the U.S. government took over operations […]
How the Recent Federal Reserve Meeting Could Impact New Mortgage Rates
Although it may be a widely-held misconception that the Federal Reserve sets consumer mortgage rates, it can, in fact, have a significant effect on them. During the COVID pandemic, the Fed bought billions of dollars of consumer mortgages to help keep rates extremely low and thereby encourage spending. Typically, the Federal Open Market Committee (FOMC) […]