14 Nov 2013
By Mark Feder
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Reasons Why You Should Consider Refinancing Your Mortgage

Mortgage Tips
Refinancing a mortgage is a golden opportunity to lock in today's low interest rate for the next 15 or 30 years. While interest rates now are still low, there's a good chance they will be heading up in the coming months. The Fed won't maintain the current bond purchasing level forever, and just as rates spiked in September when the Fed hinted the bond purchasing would change, rates will spike even more when purchasing levels actually do change. As interest rates remain very low for 30-year and 15-year mortgages, homeowners can benefit greatly from a refinance. Several types of people…
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13 Nov 2013
By Mark Feder
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3 Tips To Sidestep These Common FHA Loan Hang-ups

Mortgage Tips
FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market. However, getting through the loan process with the FHA is more difficult than with a traditional lender, and you may need to cope with some of these common loan hang-ups. Property Condition You can't buy just any property with a FHA loan. The appraiser must deem it to be livable, without any…
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07 Nov 2013
By Mark Feder
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Factors To Consider When Applying For A Home Mortgage

Mortgage Tips
Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you? Reputable lenders look at a list of criteria to decide how much they'll loan you.  This List Includes: Credit score Existing assets including cash Car leases or loans Credit card balances Debt consolidation loans Home equity loans Installment loans Student loans Other monthly debts Size/source of your down payment If you'd like to get an idea of what you can afford before…
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01 Nov 2013
By Mark Feder
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Recent Government Activity And Its Effect On Mortgage Interest Rates

Mortgage Tips
Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing. Overall, mortgage rates have decreased because of a lack of confidence in the government's ability to get its finances under control. Although rates spiked in September when the Fed hinted that they would not be purchasing as many bonds, they quickly released an announcement that they would actually be maintaining their current purchasing habits. The Time Is Ripe For Homeowners Since then, mortgage interest rates…
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