11 Jan 2017
By Mark Feder

4 Things You Absolutely Should Not Do After You Apply for a Mortgage

Home Mortgage Tips
If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that can have a negative impact on your application. Whether you've just submitted your documents or are getting close to it, here are some things you may want to avoid. Acquiring New Credit It may seem silly that something as minor as a new credit card can be a mark against your credit, but applying for new ones can be a bad sign to lenders.…
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10 Jan 2017
By Mark Feder

Understanding Real Estate Contracts and What You Can Expect to Find

Home Buyer Tips
There are a lot of things that go into the successful sale of your home, but many people are unfamiliar with the intricacies of the contract. Whether you consult with your real estate agent or plan on diving in on your own, it's important to be clear on the terms. If you're wondering what you can expect when it comes to the contract, here are some pointers on what to watch out for. Real Estate Jargon A real estate contract would not be complete without the professional terminology, so you'll see words like amortization, price-to-income ratio and title that may…
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09 Jan 2017
By Mark Feder

What’s Ahead For Mortgage Rates This Week – January 9, 2017

Mortgage Rates
2017 started with good news; fixed mortgage rates were lower, but the national unemployment rate ticked upward and labor reports showed fewer openings for public and private sector jobs. Construction spending was higher in November. Mortgage Rates Lower; Construction Spending Higher Freddie Mac reported lower average rates for fixed rate mortgages as the average rate for a 5/1 adjustable rate mortgage crept up. The average rate for a 30-year fixed rate mortgage dropped by 12 basis points to 4.20 percent; The average rate for a 15-year mortgage fell 11 basis points to 3.44 percent while the average rate for a…
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06 Jan 2017
By Mark Feder

Understanding the Reverse Mortgage and How to Use It to Pay Off a Regular Mortgage

Home Mortgage Tips
There are a variety of mortgage products out there that serve the needs of different homeowners, but for the uninitiated it can be hard to know what will work best for them. If you happen to be close to retirement and are looking at options that will be more financially beneficial for you, here are the details on a reverse mortgage and how this product can work for you. The Details On A Reverse Mortgage A reverse mortgage may be one of the lesser-known products available on the market, but it was created in 2009 as the Home Equity Conversion…
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