Tag Archive: tips

Jun 29

Owners Are Missing Out on Savings

Owners Are Missing Out on Savings

Owners Are Missing Out on Savings     Nearly 4.5 million borrowers are eligible to refinance and could lock in savings on their monthly mortgage payments but have not taken advantage, according to a new report from Black Knight Financial Services. The average borrower stands to save $260 a month. Nearly 700,000 borrowers could save …

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Jun 28

Lenders Easing Up Credit Standards

Lenders Easing Up Credit Standards

Lenders Easing Up Credit Standards     More mortgage lenders are reporting that they have lowered their credit standards and expect to continue to do so in the coming months, according to Fannie Mae’s second-quarter 2017 Mortgage Lender Sentiment Survey. The share of lenders reporting they have eased mortgage credit standards over the prior three …

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Jun 27

New-Home Prices Hit Record High

New-Home Prices Hit Record High

New-Home Prices Hit Record High   The median price for a new single-family home reached a record high in May of $345,800, the Commerce Department reports. Buyers will be paying a huge premium for new construction, as new-home prices are now 16.8 percent higher than they were a year ago. So far, however, the higher …

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Jun 26

Home Security tips from OOMA Home Security

Home Security tips from OOMA Home Security

Home Security tips from OOMA Home Security     Summer time is one of the largest times for home break ins.  Omma home security has offered a few sound advice ideas for you to keep your home, family and valuables safe while you are away for vacation or even just at work during the summer …

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Jun 23

12M Consumers May Get Credit-Score Boost

12M Consumers May Get Credit-Score Boost

12M Consumers May Get Credit-Score Boost   The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax …

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Jun 22

Steadier Mortgage Rates Buoy Loan Demand

Steadier Mortgage Rates Buoy Loan Demand

Steadier Mortgage Rates Buoy Loan Demand   Mortgage applications for refinancing and home purchases remained elevated last week as mortgage rates continued to give consumers incentive to make a move. “Both the 10-year Treasury yield and the 30-year conventional mortgage fixed rate held steady last week, keeping rates well below the recent highs,” says Lynn …

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Jun 21

Teardowns Account for More New Homes

Teardowns Account for More New Homes

Teardowns Account for More New Homes     More than 10 percent of new single-family homes that began construction in 2016 were part of a teardown project, according to new data from the National Association of Home Builders. That’s up from 7.7 percent in 2015. NAHB defines a teardown as a home that is built on …

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Jun 20

Equity Gains Shut Out Would-Be Buyers

Home Equity

Equity Gains Shut Out Would-Be Buyers Homeowners nationwide have doubled their equity since 2009. While that’s good news for those who already own, prospective buyers say increases in home values—which lead to higher prices—are making it more difficult for them to break into home ownership. Challenges to housing affordability will not be solved soon because …

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Jun 19

Why Your Clients Are Smart to Buy in Summer

Why Your Clients Are Smart to Buy in Summer

Why Your Clients Are Smart to Buy in Summer   Summertime in the housing market brings countless buying and selling opportunities. But with all the competition out there, would your clients be better off waiting a few months? Real estate experts say no. They contend home prices peak from June to August and say there …

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Jun 16

Zero-Down Loans Making a Comeback

Zero-Down Loans Making a Comeback

Zero-Down Loans Making a Comeback   Your buyers may soon be able to bring less to closing. They were blamed for precipitating the housing crisis years ago, but major lenders are giving no- and low-down payment loans another shot. Several major lenders are reportedly offering loans with just 1 percent down. Navy Federal, the nation’s …

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Jun 14

How Long Does It Take to Get a Mortgage?

How Long Does It Take to Get a Mortgage?

How Long Does It Take to Get a Mortgage?   Home shoppers may need to plan for more time than they realize when they’re starting the process of obtaining a mortgage. “Today’s mortgage process is very involved, particularly with regard to the documentation required, third-party verification, and the independent appraisal process,” says Whitney Fite, president …

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Jun 13

How to Get Noticed on Social Media

How to Get Noticed on Social Media

How to Get Noticed on Social Media     Forbes columnist Jayson DeMers offers the following tips to get more visibility from your social media posts, maximize your outreach, and increase your followers. Leverage influencers: Get people who already have high visibility on social media to share your posts. Target influencers within the industry and …

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