Thereâs been a lot of talk (and worry) that the higher mortgage rates of late might derail the apparent housing market recovery. After all, many believe the only reason things were improving was because of the ua-low rates the Fed facilitated with the likes of QE3. Without them, some argue, home prices would have to [&hellip
The post Everyone I Know Is Trying to Refinance first appeared on The Truth About Mortgage.
Itâs no secret the housing market has softened in recent months. Homes are no longer flying off the shelves, and bidding wars are becoming less and less common. Instead of properties going way above asking, home sellers are delivering price reductions to prospective buyers, who are often nowhere in sight. While some are quick to [&hellip
The post Don’t Be a Desperate Home Buyer first appeared on The Truth About Mortgage.
As competition heats up, banks and lenders will likely ramp up efforts to get their hands on your mortgage, using all types of pitches and gimmicks to separate themselves from the crowd. But mortgages arenât cool or exciting, so any funky stuff they come up with to sell you a mortgage is probably just a [&hellip
The post Donât Choose a Mortgage Lender for Their Sales Gimmick first appeared on The Truth About Mortgage.
A startup named Curbio wants to help homeowners sell for more by improving their properties before they go to market. The twist is that the homeowner doesnât have to pay for the renovations until settlement, meaning cash on hand isnât an issue. The Problem Curbio Wants to Solve Say you want to sell your home, [&hellip
The post Curbio Review: Renovate Today, Pay When You Sell first appeared on The Truth About Mortgage.
Over the past couple weeks, mortgage rates have risen roughly 1% across the board. If you look at Wells Fargoâs mortgage rates, which I highlighted late last week due to their meteoric rise, youâll notice the 30-year fixed is now pricing at 4.875%, up from 4% about 10 days ago. Consider the fact that back [&hellip
The post Watch Out for the Adjustable-Rate Mortgage Pitch first appeared on The Truth About Mortgage.
So I received an unmarked piece of mail the other day, and whenever that happens, I know itâs going to contain some kind of nonsense. Upon opening the letter, which I could have easily just thrown away, I discovered that it was a mortgage solicitation. Fun! More specifically, it was a refinance offer from a [&hellip
The post Iâve Been Offered the Opportunity to Skip Two Mortgage Payments first appeared on The Truth About Mortgage.
During the latest radio interview with Real Estate Today Radio, Freddie Mac Vice President and Chief Economist Frank Nothaft weighed in on the direction of mortgage rates, as he normally does for his own company. While he typically speaks about rates in the past tense, host Gil Gross pressed him to make a prediction about [&hellip
The post Freddie Chief Economist âPretty Certainâ 30-Year Fixed Mortgage Rates Will Hit 5% by Mid-2014 first appeared on The Truth About Mortgage.
The Importance of Knowing How to Calculate a Mortgage While there are plenty of mortgage calculators out there that do all the heavy lifting for you It can actually be helpful to know the math behind it You’ll probably better understand the implications of paying extra/early or the impact of a lower interest rate And [&hellip
The post Demystifying How Mortgages Are Calculated first appeared on The Truth About Mortgage.
Everyoneâs heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadnât heard about it until last week, when a commercial popped up on my television pitching the new system. I love scrutinizing mortgage companies and their products because theyâre often full of hot air. When it comes down to it, mortgages just [&hellip
The post The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous first appeared on The Truth About Mortgage.
If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments are generally due on the first of the month, every month, until the loan reaches [&hellip
The post Mortgage Due Dates 101 first appeared on The Truth About Mortgage.