What the Fed’s interest rate hike means for mortgage rates

June 15, 2018 | Blog

What the Fed’s interest rate hike means for mortgage rates The Federal Reserve lifted the federal funds rate on Wednesday by a quarter percentage point to a range of 1.75 percent to 2 percent. Two more rate hikes are expected this year. If you’re a homeowner with a fixed-rate mortgage, rest easy. If you’re a homebuyer and are […]

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The Absolute Worst Mortgage Advice That Home-buyers Actually Believe

May 11, 2018 | Blog

Getting a mortgage is a daunting prospect, which explains why so many people seem eager to pat your hand and say, “Let me give you a little advice.” Sure, those pearls of wisdom may come from an ocean of good intentions, but the suggestions might not necessarily be right for you. In fact, they could be dead wrong. So […]

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3 Leading Reasons Mortgage Applications Are Denied

May 1, 2018 | Blog

After the financial crisis of 2008, getting approved for a mortgage became much more difficult. Ten years later, lenders have started relaxing lending standards again. However, millions of Americans still get denied when they apply for a mortgage. LendingTree (which owns MagnifyMoney, where I work) analyzed over ten million mortgage applications from the FFIEC (a government agency) to determine the […]

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14 Factors That Can Stall the Mortgage Closing Process

April 26, 2018 | Blog

Once you find your dream house and your purchase offer is accepted, you need to get through one more step before you move in: mortgage closing. The time it takes to close on a home will vary from one person to the next. When everything goes right, loan closings can be completed in as little as 21 to 28 days, […]

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A Beginners Guide To Refinancing Your Mortgage

March 30, 2018 | Blog

What You Should Know Before Refinancing Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out […]

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Awesome advice for home- buyers on mortgage rates

March 28, 2018 | Blog

Mortgage rates are on the rise and home prices are steadily climbing. Can you still hope find your dream home and afford it, too? The question is top of mind for service members changing station, or transitioning out of the military. First-time homebuyers are in the same boat. “Rates have been low for quite some […]

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15 Fun Facts You Might Not Know About St. Patrick’s Day

March 15, 2018 | Blog

1. We Should Really Wear Blue Saint Patrick himself would have to deal with pinching on his feast day. His color was “Saint Patrick’s blue,” a light shade. The color green only became associated with the big day after it was linked to the Irish independence movement in the late 18th century. 2. Saint Patrick […]

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If you are thinking of buying a home in the next 6 months this is a MUST READ!

| Blog, Uncategorized

If you are planning on buying a home in the next few months, I bet you are already spending plenty of time checking out online listings. Listen up: That’s not where all your attention should be. Right now, the most important planning step you can make is to check your FICO credit score and make […]

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Four big first-time home buyer mistakes

| Blog

Buying a first home is an exciting time. But it is all too easy to get caught up in the excitement and end up overpaying or buying a home that just isn’t right. If you’re a first-time home buyer, here are some common traps to watch out for. Rent or Own? Many people assume that […]

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Should you help your adult child with a down payment for a house?

March 13, 2018 | Blog

More than one-third of Millennials looking to purchase their first home say they plan to rely on a loan or a gift from a relative to cover a key portion of their down payment, according to a recent survey. And even if your own kids haven’t yet asked for a hand, many of them might […]

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