August Construction Starts Fall 9 Percent

housebuilding-3370969_1920

Nonresidential Building Slides Further, While Housing Retreats NEW YORK, Sept. 24, 2018 /PRNewswire/ — The value of new construction starts in August decreased 9% from the previous month to a seasonally adjusted annual rate of $741.9 billion, according to Dodge Data & Analytics.  The August downturn for total construction starts matched the 9% decline reported for […]

LendingTree Study: Places Where Millennials Carry the Most Debt

Millenials

LendingTree’s latest study finds student loans make up the biggest share of millennial debt and millennials in San Antonio, Pittsburgh, and Austin shoulder the largest debt burdens CHARLOTTE, N.C., Sept. 10, 2018 /PRNewswire/ — LendingTree®, the nation’s leading online loan marketplace, today released its study on the places where millennials carry the most debt. The study […]

One In 10 U.S. Properties Seriously Underwater In Q2 2018

Home Equity

Equity Rich Properties Represent One in Four U.S. Properties; Report Includes Home Equity Breakdown by Zip Code IRVINE, Calif., Aug. 9, 2018 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q2 2018 U.S. Home Equity & Underwater Report, which shows that in the second quarter of 2018, more than […]

June 2018 Elections

Your Vote Counts

It’s elections season again and with terms like “Jungle Primary” being tossed around in the media, it’s time to get out there and rock the vote. Do you know where you are supposed to vote at in your neighborhood? If not, be sure to check out our link to the Registrar of Voters page: Don’t forget […]

Stated Income Home Loans

Stated Income Home Loans

Current regulations require banks to offer “plain vanilla” mortgages, which are controlled by strict guidelines for borrower debt-to-income ratios and proof of incomes. These safe mortgages are called “qualified mortgages”, also known as QM loans. But these standard vanilla QM loans are not for every consumer. For the right and worthy borrower, other mortgage options […]

Purchasing a Luxury Home

luxury home

For the average American, getting qualified for a home loan can be a daunting and stressful process. Some people may believe that the rich in America have a very simple and easy path to getting approved for a home loan. However, this is one of the many misconceptions with lending for luxury homes.  In actuality, obtaining a loan […]

Weekly mortgage applications rise

Mortgage Applications Increase

In Emily Gaffney’s CNBC article, “Weekly mortgage applications rise even as rates increase”, she reports that despite the increase in interest rates, home buyers have increased the volume of mortgage applications by 4.8 percent from the previous week. What is more surprising is that mortgage application volume remained unchanged from a year ago, even though […]

How much house can I afford?

how much house can I afford?

In the article, “How Much House Can I Afford?”, authored by Roger Wohlner, it starts with a simple title that poses, what the reader would think is, a straightforward question in home buying lexicon. Mr. Wohlner then delves into how most people perceive in answering this question, stating that “the best approach is to take […]

Student Loans and Mortgages

College Tuition Expenses

Student loans can be a major difficulty when you are trying to obtain a mortgage loan. Student loans are especially difficult for government-sponsored enterprises (GSE), such as Fannie Mae and Freddie Mac, which securitize basic conventional mortgages. Government loan options, like FHA, Rural Housing and VA loans, which have different criteria when judging potential buyers […]