Economy

What an ‘Attention Economy’ Means for Originators

Today, consumers have easy access to an unfathomable amount of information on every imaginable topic under the sun. Moreover, that information is being publishe

Financing Home Improvement Projects During Coronavirus

Staying home may have you thinking about ways to make improvements, but figuring out how to pay for those changes can be a challenge. Here’s where to start.

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The post Financing Home Improvement Projects During Coronavirus appeared first on MintLife Blog.

Tips for Getting an Apartment When You’re Self-Employed

More and more Americans are choosing to work freelance, be self-employed, or join the gig economy. This has caused the typical rental application process to shift dramatically from even five years ago. If you’re one of the more than 15 million self-employed people in the U.S., you may have noticed that it can be particularly […]

The post Tips for Getting an Apartment When You’re Self-Employed appeared first on Apartment Life.

5/1 ARM vs. the 30-Year Fixed : Pros and Cons

Here we go again…it’s that special time where I compare two popular home loan programs to see how they stack up against each other. Today’s match-up: “5/1 ARM vs. 30-year fixed.” Everyone has heard of the 30-year fixed-rate mortgage – it’s far and away the most popular type of mortgage loan out there. Why? Because [&hellip

The post 5/1 ARM vs. the 30-Year Fixed : Pros and Cons first appeared on The Truth About Mortgage.

COVID-19 Is Pushing Home Buyers to Move Sooner

Sometimes you need a little push to get things going, especially when it’s a big something like purchasing a home. Well, it turns out a pandemic can be that driving force, as evidenced by a new survey from real estate brokerage company Redfin. The company said 25% of the 1,000 home buyers it polled are [&hellip

The post COVID-19 Is Pushing Home Buyers to Move Sooner first appeared on The Truth About Mortgage.

Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios

The latest weekly Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that 7.80% of outstanding home loans were in forbearance. That number was up slightly from 7.74% a week earlier, putting roughly 3.9 million homeowners in forbearance plans. Much of these are COVID-19-related, thanks in part to a very liberal CARES [&hellip

The post Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios first appeared on The Truth About Mortgage.

6 Warning Signs That You Need a New Job

Data show that a good economy is helping workers leave their jobs for more money.

The post 6 Warning Signs That You Need a New Job appeared first on Discover Bank – Banking Topics Blog.