Aug 30

Why don’t more home buyers take advantage of lower borrowing costs?

Demand for Mortgages is Down Fixed-rate mortgages sank to the lowest average of the year last week, yet mortgage origination activity remains lackluster. In a recent blog post, Freddie Mac analysts point to three main factors behind the decrease in mortgage originations: The refinancing boom has ended. From 2013 to 2014, mortgage applications for refinancings have fallen …

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Aug 21

Where are mortgage rates headed?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. According to a recent article in Kiplinger, 30 …

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May 20

Want some extra income? Consider seller financing.

Prior to the 1950’s most real estate was sold and purchased using some form of seller financing. Carry the Paper Although the secondary mortgage market and quasi-governmental entities such as FNMA and FHLMC virtually created the modern real estate industry we know today, occasionally sellers will still choose to “carry the paper” and finance a …

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