Financing

Buying FIVE PRACTICAL TIPS To Get The Lowest Mortgage Rate Possible 5 Practical Tips To Get The Lowest Mortgage Rate Possible by Rob Berger, Contributor FORBES Personal Finance If you’re in the market to purchase a home, you know that mortgage rates are rising. Rates surpassed 7% for the first time in 20 years. And higher mortgage rates send monthly payments up significantly. A $240,000 mortgage at a […]
Financing EXITING FORBEARANCE? Four Tips To Solidify Your Financial Future by Miriam Moore, Member FORBES Real Estate Council The U.S. economy, which was ravaged by the fallout from an unprecedented pandemic, is taking steps to course correct. This, after millions of homeowners already teetering on the brink of financial distress were pushed over the edge when businesses and […]
Buying/Investing 2022 MORTGAGE RATE FORECAST Rates will climb modestly as Fed fights inflation Written/Edited by Jeff Ostrowski & Bill McGuire BANKRATE.com The era of record-low mortgage rates is drawing to a close. But even as sub-3 percent rates on 30-year loans fade into the rearview mirror, mortgage rates are likely to remain near historic lows through 2022. Bankrate chief financial analyst Greg […]
Buying/Investing APPLYING FOR YOUR FIRST FIX & FLIP LOAN? Here’s What To Expect by Saurabh Shah, Member FORBES Real Estate Council When you’re applying to a real estate lender for your first fix and flip loan, there’s a lot to keep track of. While you might have gone through a lending process when you purchased the home you live in, the fix and flip […]
Buying/Investing [ IS THE “20% DOWN” MORTGAGE DEAD? ] by David Rae, Contributor FORBES – Personal Finance Housing markets across the United States are on fire; skyrocketing values may be the death of the 20% down payment. Especially for first-time home buyers, the challenge of coming up with a 20% mortgage down payment can be nearly impossible, especially when continuing to save for other […]
Financing SELLING YOUR HOME WITHIN TWO YEARS OF BUYING? Read This First! Ryan Serhant, Contributor FORBES – Real Estate Most people don’t buy a home thinking they’ll only live in it for a year or two, but it happens—more often than you might think. Families expand, financial situations change, jobs require relocation, and sometimes you simply get an offer that you can’t refuse. Packing […]
Buying/Investing APPLYING FOR YOUR FIRST MORTGAGE? 14 Expert Tips To Boost Your Approval Chances FORBES Real Estate Council Buying a home is one of the most expensive things the average person will do in their lifetime. A mortgage is viewed as the default way to finance this purchase, but getting one isn’t always easy, especially for a first-time homebuyer. There are […]
Financing MORTGAGE RATES FALL TO 50-YEAR LOW by Rob Berger, Senior Contributor FORBES – Personal Finance Mortgage rates have never been lower. That’s the upshot from Freddie Mac’s weekly Primary Mortgage Market Survey. As of October 22, 2020, Freddie Mac reported that rates on a 30-year fixed-rate mortgage (FRM) had dropped to 2.8%. The rate on a 15-year mortgage declined to 2.33%. Both […]
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Financing INTEREST RATES HIT NEW LOW AGAIN Experts Say They’ll Stay There by Aly J. Yale, Senior Contributor FORBES – Real Estate Mortgage rates hit another record-breaking low this week, dropping to a mere 3.13% on the average 30-year, fixed-rate loan. That’s the lowest rate recorded since 1971, according to Freddie Mac—and the fourth time a new low has been set this […]
Financing CAN’T PAY YOUR MORTGAGE OR RENT? This Website Can Help By Aly J. Yale, Senior Contributor FORBES – Real Estate If COVID-19 has you worried about making rent or paying your monthly mortgage, you now have a new resource to look to thanks to the CFPB. The Consumer Financial Protection Bureau launched its new coronavirus mortgage and housing assistance website today, in conjunction […]
Financing CO-VID 19 MORTGAGE FORBEARANCE What To Know Before You Delay Payment Michelle Black, Contributor FORBES – Personal Finance Millions of individuals and families across the country are facing financial hardships during the coronavirus crisis. According to the Pew Research Center, as of late March, nearly half of Americans considered the pandemic to be a major threat to their personal […]
Financing [NEED HELP WITH YOUR MORTGAGE DURING CORONAVIRUS?] Tara Mastroeni, Contributor FORBES – Real Estate If you’re wondering how you’re going to pay your mortgage due to the spread of coronavirus, you’re not alone. Luckily, there are some things you can do to help take care of that monthly payment. Read on below to get a sense of what options are available to […]
Buying/Investing APPLYING FOR A MORTGAGE WITH A CO-SIGNER? Here’s What You Need To Know by Tara Mastroeni, Contributor FORBES – Real Estate Not everyone can get a mortgage on their own, but that doesn’t mean it’s impossible to become a homeowner. In some cases, you may be able to add a co-signer to the loan to increase your chances of approval. However, before […]
Financing [HOW CORONA STIMULUS BILL WOULD HELP HOMEOWNERS] by Sarah Hansen, Staff Writer FORBES – Markets Topline: The $2 trillion economic stimulus bill passed unanimously by the Senate late Wednesday after six days of negotiations includes sweeping protections for homeowners who are experiencing financial hardship as a result of the coronavirus outbreak. –  The bill would allow homeowners with federally backed mortgage loans […]
Financing THINKING OF REFINANCING YOUR HOME? Here’s What You Can Do To Get Your Application Approved Tara Mastroeni, Contributor FORBES – Real Estate If you follow the real estate market, you probably already know that mortgage interest rates are at impressive lows. In fact, they’ve dropped a full percentage point since they reached a seven-year high in November 2018. With that in mind, […]
Buying/Investing 4 COMMON DOWN PAYMENT MYTHS…debunked! by Tara Mastroeni, Contributor FORBES – Real Estate Being able to make a down payment is one of the keys to becoming a homeowner. Unfortunately, there are many misconceptions out there that keep a lot of would-be buyers from realizing that they are capable of making a purchase. With that in mind, I’ve decided to […]
Financing THE HOW TO GUIDE TO INSTANT MORTGAGE APPROVAL by Mark Greene, Contributor FORBES – Personal Finance You should and you can know exactly where you stand with your mortgage getting chances as soon as you apply. Here’s how: If you serve up your complete, accurate and acceptable borrower profile to your lender, you will get credit approval (subject to verification) on day one. That’s it. […]
Financing THREE CREDIT SCORE MYTHS THAT ARE WILDLY UNTRUE Camilo Maldonado, Senior Contributor FORBES – Personal Finance Sydney Enzler opened her first credit card when she was a 19-year-old college student. Her mom encouraged her to open the account in order to build credit and establish a strong credit score. “I wanted to use my credit cards every once in a while to build credit, […]
Financing MORTGAGE RATES DROP AGAIN And First-Time Homebuyers Take Full Advantage by Aly J. YaleSenior Contributor FORBES -Real Estate Mortgage rates dropped again, and according to Freddie Mac, the downward spiral has first-time buyers gaining ground. In fact, of all the loans Freddie Mac has purchased in 2019, 46% came from first-time homebuyers—a two-decade high for the company. According to […]
Financing WILL MORTGAGE RATES STAY LOW THRU 2019 Here’s What Experts Predict by Aly J. Yale, Senior Contributor FORBES – Real Estate Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased […]