Digital mortgage exchange platform MAXEX, in collaboration with JP Morgan, has launched two new sustainable lending programs for green energy home improvements. The programs, MAXEX Sustainable and MAXEX Sustainable Express, are the latest additions to MAXEX’s Environmental, Social and Corporate Governance (ESG) business line launched in December. The firm said it aims to address the lack … [Read more…]
These days, it seems as if we can insure just about anything. While this may be perceived as âgreat news!â by overzealous insurance agents, for individual consumers itâs just more money down the drain. After all, paying for insurance always feels like a chumpâs game until you actually need to file a claim, which never [&hellip
The post Mortgage Insurance vs. Homeowners Insurance first appeared on The Truth About Mortgage.
Over the years, Iâve seen tons of ads and articles about a so-called âmortgage trick,â only to click on the associated hyperlink and see nothing regarding any tricks. Talk about disappointing. For the record, Iâm always interested to see what someone might have up their sleeve, which is why I continue to click year after [&hellip
The post There Is No Mortgage Trick first appeared on The Truth About Mortgage.
Yes, all the news headlines are screaming, âRefinance NOW!â The term âmortgage ratesâ is trending hard. And all my friends are texting me asking if they should refinance their mortgages. Ugh. This is getting silly. Sure, mortgage rates are now at new all-time highs, but hang on a second. Letâs catch our collective breath and [&hellip
The post Two Reasons Not to Refinance Your Mortgage Right Now first appeared on The Truth About Mortgage.
Figures from the Bureau of Labor Statistics’ February employment report revealed a sharp pickup in job growth as bars and restaurants reopened thanks to the rollout of COVID-19 vaccines. The US economy added 379,000 jobs last month, mainly driven by a 355,000-plus gain in the leisure and hospitality sector. Fannie Mae chief economist Doug Duncan … [Read more…]
It’s time for another mortgage match-up: “Mortgage rates vs. unemployment.” When it comes to making or saving money, everyone wants to be able to predict the future. After all, if you know whatâs coming next, there are plenty of great ways to capitalize. For homeowners, good timing or a penchant for fortunetelling can result in [&hellip
The post Mortgage Rates vs. Unemployment first appeared on The Truth About Mortgage.
A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage rates. It has more than doubled in just the past four months alone, and is now at its highest level since late 2016. The biggest driver has been homeowners with [&hellip
The post Homeowners with Year-Old Mortgages Are Refinancing Like Crazy first appeared on The Truth About Mortgage.
Quick mortgage tip: âHow do I know if Fannie Mae or Freddie Mac owns my mortgage?â One of the key requirements to getting approved under the CARES Act to receive mortgage forbearance is ensuring that your loan is indeed owned or guaranteed by Fannie Mae or Freddie Mac. If it isn’t, you might still be [&hellip
The post How Do I Know If Fannie Mae or Freddie Mac Owns My Mortgage? first appeared on The Truth About Mortgage.
Bye Bye Britain Well, the unthinkable happened early this morning (or late last evening depending on where you live). The UK voted to leave the European Union, agreeing to Brexit instead of Bremain, as they say. So hold onto your cup of tea, itâs gonna be a bumpy ride. The initial reaction was one of [&hellip
The post Brexit vs. Mortgage Rates: How Low Might They Actually Go? first appeared on The Truth About Mortgage.
For some reason, folks always want to know if you can do X, Y, and Z with bad credit. Which begs the question, why not improve your credit first! Okay, I get it, time is sometimes of the essence, especially if you have bad credit, so itâs not always an option to get things back [&hellip
The post You Can Refinance a Mortgage with Bad Credit, However⦠first appeared on The Truth About Mortgage.