Industry News

Before you take out a residential mortgage, your lender will need to review some financial information with you, one piece of which is your credit report.

Not only are many consumers unaware of what their credit score is or how to find out, but many hold false notions about what the score means.

Instead of tiny homes and condos in the city, homebuyers are looking to spread out in larger homes.

Finding a real estate agent that you like to work with and has your best interests in mind is the first step many people take in their house-hunting journey.

School district is one of the most influential factors for resale value.

Sometimes refinancing costs you more than you expect.

The 2018 income limits for USDA loans have increased. The income Eligibility calculator in the Eligibility website have been updated to use the new income limits.

The current trend in the mortgage industry is for banks and lenders to consolidate operations and service offsite. All processing may be handled in one location, all underwriting in another, etc. This can delay loan approval and put your loan at risk of getting lost in the shuffle.

Don’t assume your flipped find is the finest option, though. Before finalizing the purchase and taking out a residential mortgage, double-check these aspects.

It’s very easy to make a simple mistake with the home inspection that could wind up costing you more money in the long run.

For many, saving up for the down payment is the most challenging hurdle to overcome.

Despite the large percentage of the population that has successfully gone through the homebuying process, it remains a mystery to many citizens.