Blog – Mark Feder

05 May 2025

What’s Ahead For Mortgage Rates This Week – May 5th, 2025

Financial Reports

Last week featured a slew of releases, but the most important one as of this writing is the GDP estimates. Both the GDP and GDP deflator data have started to reverse their previous trends, raising serious concerns that the economy may be experiencing deflationary effects. This is somewhat offset by the Personal Income and Spending reports, which showed favorable numbers, as well as the Non-farm Payroll figures, which have also increased during this period. The impact of the latest tariffs and trade wars has already appeared in estimates and data releases across numerous markets. There is strong expectation that the…

02 May 2025

By Mark Feder

Mortgage Options as a Visa or Green Card Holder

Mortgage Tips

Buying a home is an exciting milestone, but if you are on a visa or have a green card, you may wonder how your immigration status impacts your mortgage options. The good news is that many lenders offer home loans to non-citizens, though the process may involve additional requirements. Understanding your options can help you navigate the path to homeownership with confidence. Mortgage Options for Green Card and Visa HoldersLenders generally categorize non-citizen applicants into two main groups: lawful permanent residents (green card holders) and non-permanent residents (visa holders). Each category has different requirements and eligibility considerations. Home Loans for…

01 May 2025

By Mark Feder

Can I Roll Closing Costs Into My Mortgage to Reduce My Upfront Expenses?

Mortgage Tips

Buying a home is an exciting milestone, but it also comes with a range of upfront costs that can add up quickly. One of the biggest financial concerns for many homebuyers is closing costs. These expenses, which typically range from 2 to 5 percent of the home’s purchase price, can put a strain on your budget. If you are wondering whether you can roll your closing costs into your mortgage to reduce your upfront expenses, the answer depends on the type of loan you are using and your lender’s guidelines. Understanding your options can help you make the best financial…

30 Apr 2025

By Mark Feder

Should You Use a 401(k) for a Down Payment?

Mortgage Tips

Buying a home is a major financial milestone, and saving for a down payment can be one of the biggest challenges. If you’re struggling to gather the necessary funds, you might be considering using your 401(k) retirement savings to cover the cost. While this option is available, it’s essential to weigh the potential benefits and risks before making a decision. How Can You Use a 401(k) for a Down Payment?There are two primary ways to access funds from your 401(k) for a home purchase: 401(k) LoanA 401(k) loan allows you to borrow money from your retirement savings and pay it…