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Laura Insley's picture

FHA Mortgage Loan Fee Cut Halted By Trump Administration

With 2017 barely underway, we are already seeing the effects of government changes on the real estate market! As one of his first actions as president, Donald Trump has suspended the fee cut on Federal Housing Administration (FHA) mortgage loans. The premium reduction was one of the last efforts of the Obama administration, which would have taken effect on January 27th. Borrowers pay this annual premium when they take out a home loan backed by the government.

admin's picture

How the Federal Reserve Rate Affects You

The Federal Reserve continues to give consumers an economic reprieve with its recent vote to keep interest at its current low rate. The Fed chopped its interest rate to near zero in December 2008 to give the U.S. a boost through the recession. Its decisions are critical to the nation’s economic health since the Fed influences money supply, regulates inflation, and stabilizes the economy.

Mariel Martinez's picture

Things To Consider When Purchasing a New Home

purchasing a new home mortgage

 
It can seem like a nearly impossible task to figure out just a few things to key on, but when it comes to purchasing a home, being prepared trumps everything. After all, preparation matters as far as improving your chances for getting a great deal on your home and for making sure that you do the right thing in terms of figuring out your outlook on your home and its value.

Mariel Martinez's picture

Mortgage Refinance Rates and Real Estate Trends

home mortgage refinance rates

There are countless real estate trends out there on the market today, perhaps none hotter than mortgage refinancing and the ability to grab a new mortgage rate to better improve your investment and your home. The real estate crash and the bursting bubble of a few years ago has been contained and overcome, and now is a great time to buy a home and get into these real estate trends to come away with an advantageous situation and investment.

Mariel Martinez's picture

Trendy Neighborhoods of 2013

For many people the New Year is all about rebirth, starting over, and making a change.  In general, most people would be referring to their health after two months of holiday festivities or trying again to break that bad habit.  But the idea of rebirth can also hold true for cities and specifically neighborhoods within those cities ready for their time to shine.  As the saying goes, what’s old is new again and for many neighborhoods 2013 is their breakout year.  Though most cities across the United States would offer a neighborhood or two that could be listed as the next big thing, I will b

Mariel Martinez's picture

Renting vs Buying

Trying to decide if you are ready to buy a new home or if you are happy being a renter?  Check out our latest infographic and see which profile fits you best.

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Should You Refinance Out of Your Adjustable-Rate Mortgage?

When borrowers ask if they should consider refinancing into an adjustable-rate mortgage, my response is always akin to that old saying, “If the shoe fits, wear it.” While rising rate resets for adjustable-rate mortgages (ARMs) caught many inexperienced homeowners by surprise in the mid-2000s, ARMs remain an excellent, extremely-efficient loan product for the right borrower in the right situation.

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December Jobs Report Amazing for Homebuyers and Mortgage Refinancing

However, this does come with some bad news…

85,000 Jobs Were Lost in December

This number is much, much worse than expected. The November report was revised to +4,000 jobs created vs. the original print of -11,000 jobs lost. The Unemployment rate was unchanged at 10%. For the unemployed this is obviously very bad news.
This mornings Job Report tells us the the Economy has not recovered and Wall Street should be in a state of flux for the next few months. We could be in for a bumpy ride.

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Why It May Be Time to Refinance Your Loan

An excellent Article in the Wall Street Journal recently.
My thoughts first:
Refinancing provides great opportunities for homeowners.  Through refinancing, it may be possible to lower your monthly mortgage payments, enjoy the security the security of a fixed-rate mortgage, as well as to consolidate other debt to a lower interest rate and a single payment.
Why Refinance?

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Buy or Rent? What’s Today’s Answer?

Decades after the phrase “the American dream” was first coined, home ownership is still a meaningful goal for a large number of individuals and families. And, as the years go by, you can build ownership interest, called equity, which you may be able to borrow against if you choose. In contrast to renters, most homeowners receive significant tax breaks, because interest paid on a home mortgage is almost always tax deductible. You will want to consult with your tax advisor/accountant regarding your deductibility of interest.

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