Money

Acquisition debt vs. Home Equity debt: What you should know? 

Acquisition debt vs. Home Equity debt: What you should know? 

For starters, it’s important to understand the concept of “acquisition debt” versus “home equity debt.” Acquisition debt is a loan to buy, build, or improve a primary or second home and is secured by the home. That phrase “buy, build, or improve” is key. Most original […]

how to get the highest return on investment

how to get the highest return on investment

By Sandy Flores. Investment property is real estate property that has been purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property or both. An investment property can be a long-term endeavor or an […]

Mortgage Rates plummeted today after Fed’s announcement

Mortgage Rates plummeted today after Fed’s announcement

While the average improvement of 0.10% might not look like much at face value, it’s the biggest one-day drop we’ve had in 2015, and in a league with very few other players historically. With today’s improvement, the most prevalently-quoted conventional 30yr fixed loan for top tier borrowers […]

Negative Equity continues being a Serious Concern Despite Year Over Year Decline!

Negative Equity continues being a Serious Concern Despite Year Over Year Decline!

While the percentage of homes in the United States with negative equity has declined substantially since the fourth quarter of 2013, they experienced a slight increase quarter-over-quarter in Q4 2014, according to CoreLogic‘s Q4 2014 Equity Report released last Tuesday. CoreLogic reported that 10.8 percent […]

Keep Your Money Where It Is, if you’re planning on buying a home!

Keep Your Money Where It Is, if you’re planning on buying a home!

It’s not wise to make any huge purchases or move your money around three to six months before buying a home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete […]

Got Refi?   Rates…better than ever

Got Refi? Rates…better than ever

  Falling interest rates precipitated a major refinancing rally  according to the Mortgage Bankers Association’s (MBA’s) Refinance Index.  The MBA’s Refinance Index is a weekly measurement put together by the Mortgage Bankers Association, and the National Real Estate Finance Industry Association. Strong job growth, coupled with  low […]

Boost Your Home’s Selling Price!

Boost Your Home’s Selling Price!

If you’re looking to sell your home for top dollar, in addition to “Location, Location, Location” there are some other suggestions you may benefit from, to get top dollar for your home!     As the saying goes, “You don’t get a second chance to make a […]

HELOCs the next home credit product?

HELOCs the next home credit product?

Highest level of home equity loans since June 2009. A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac. The report also shows […]

Mortgage Rates Drop After Fed Minutes

Mortgage Rates Drop After Fed Minutes

Mortgage Rates put on quite the show today after Fed minutes announcement, resulting in the lowest rates we have seen since June 2013. Today’s improvement was all about the Fed. Investors who trade securities that dictate mortgages, were concerned about last month’s Fed Announcement that could it justify a […]

Fannie Mae sets new rates effective October 14

Fannie Mae sets new rates effective October 14

Fannie Mae is set to raise the benchmark interest rate for its Standard Modification program. Fannie Mae will raise its required interest rate for standard modifications from 4.375% to 4.5%.  The rate was lowered from 4.5% to 4.375% on Sept. 15, but will now rise […]