Renting

Amerifirst Financial Review: They Take Home Purchase Lending Seriously

It’s not every day you come across a large-scale independent mortgage lender that has been around since the 1980s, but Amerifirst Financial Inc. fits that description. The Arizona-based company understands that there’s more to the mortgage business than just refinances, which is why their goal is to be the lender of choice for real estate [&hellip

The post Amerifirst Financial Review: They Take Home Purchase Lending Seriously first appeared on The Truth About Mortgage.

Paying More Today Won’t Lower Future Monthly Mortgage Payments

Just about everyone with a home loan ponders the idea of paying a little extra, whether it’s via biweekly mortgage payments, or just once a year after receiving a sizable bonus or tax refund. Whatever the method, you should first consider why you’re thinking about paying your mortgage off early as opposed to putting the [&hellip

The post Paying More Today Won’t Lower Future Monthly Mortgage Payments first appeared on The Truth About Mortgage.

CFPB will delay QM rule’s compliance date

Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.

Can closing costs change on the closing disclosure?

Some closing costs can increase on the Closing Disclosure (CD) but others can’t. Here’s how to use the CD to get the deal you were promised.

MBS Day Ahead: It Was a Trap… Don’t Expect Stocks to Save Us

Posted To: MBS Commentary

Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far today, it looks like it was. 10yr yields are over 1.4% and UMBS 2.5 coupons are now the only game in town. Where is that giant squid guy from Star Wars when you need him? The bond market weakness is sharper and more relentless than many market watchers anticipated. One common topic of conversation among those hoping for a bounce is the interplay between stocks and bonds. Late 2018 is fresh in our minds with widespread belief that "high rates" precipitated a stock sell-off which, in turn, helped rates move lower. I won't say "that's not what happened," because that dynamic was in play…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Today’s mortgage rates rise — refinance before they go even higher | February 23, 2021 – Fox Business

Today’s mortgage rates rise — refinance before they go even higher | February 23, 2021  Fox Business

Can you use a 203k loan for an investment property?

You may be able to use a 203k loan for an investment property. But only in certain circumstances. Learn about 203k loan rules for investors here.

MBS Week Ahead: Battle to Find a Rate Ceiling Continues

Posted To: MBS Commentary

Bond yields have been surging higher in February with last week bringing the sharpest losses so far. The move has surprised more than a few market participants. To be sure, the pace of selling doesn't seem to fit with the economic reality at first glance. Moreover, the higher yields have gone, the more expectations have increased for a technical correction. In other words, we have to find a ceiling soon, even if it's only temporary. It looked like we found that ceiling in the middle of last week, but Friday saw yields break to new highs. Now as the new week begins, we have more new highs (overnight) and more new hope for a ceiling bounce as bonds are rallying early. On the data front, this week's headliners include Durable Goods, Core PCE, and the 5/7yr Treasury auctions. With the…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Today’s mortgage refinance rates move higher | February 12, 2021 – Fox Business

Today’s mortgage refinance rates move higher | February 12, 2021  Fox Business

7/1 ARM vs. 30-Year Fixed Mortgage: Pros and Cons

When shopping for a mortgage, it’s very important to pick a suitable loan product for your unique situation. Today, we’ll compare two popular loan programs, the “30-year fixed mortgage vs. the 7-year ARM.” We all know about the traditional 30-year fixed – it’s a home loan with a 30-year duration and an interest rate that [&hellip

The post 7/1 ARM vs. 30-Year Fixed Mortgage: Pros and Cons first appeared on The Truth About Mortgage.