Archive of entries posted on

The Know Before You Owe mortgage rule will take effect October 3, 2015

                  The CFPB is issuing a final rule delaying the effective date for the Know Before You Owe mortgage disclosure rule to October 3, 2015. The Know Before You Owe rule will improve the way you’ll receive information about mortgage loans, both when applying for a loan […]

The retreat of the all-cash buyer

          In many parts of the country, housing prices gave returned to pre-recession levels. That’s good news for sellers, bad news for buyers. But buried within the latest housing data is some good news for everyone — everyone on Main Street, anyway.What’s an all-cash buyer? Someone — or something — with […]

What First-Time Buyers Are Willing to Sacrifice

A new survey shows that consumers saving for a home are willing to forego modern conveniences in order to secure a down payment. That may even mean giving up phones, Internet, cable TV, or Starbucks, according to a newly released survey by the business advisory firm the Collingwood Group.   Potential first-time home buyers are making […]

Fed’s Yellen Aims to Move Rates Up Soon

Time to lock in those rates! The Fed’s interest-rate planning has been thrown off by an economic contraction in 1st quarter, a slowdown in China’s economy and Greece’s default on debt. But, a rate increase this year is still likely. Federal Reserve Chairwoman Janet Yellen signaled that recent turbulence in Greece, China and elsewhere overseas […]

The Unexpected Way Bad Credit Can Make Your Mortgage More Expensive

          According to, a conventional loan is a mortgage originated by banks, lenders, and brokers across the country and sold on the primary mortgage market to Fannie Mae and Freddie Mac. This type of loan offers the best terms and rates due to its mass appeal and large-scale availability. However, […]

Truth and Lending

            The importance of being truthful on a mortgage application. “It’s one of the most common lies that home buyers tell mortgage lenders, and it may be on the upswing: In order to get a lower interest rate and down payment, applicants say they plan to occupy the house as […]

Homes are spending less time on the market, putting it back into swing.

Homes are spending less time on the market. Forty-five percent of homes sold in May were on the market for less than a month, according to the National Association of REALTORS®. On market in May 2011. Share

Happy 4th of July

Have a safe and Happy 4th of July! Share

The Truth About Down Payments

Freddie Mac recent article on down payments. “With interest rates low (though rising), more credit available to qualified borrowers, and employment up, it’s a good time to buy a home if you are financially ready and able. But many potential homebuyers see the down payment as a hurdle too high to jump. It might be […]