Getting a mortgage loan is very easy! Isn’t it great how you can go to a car dealership, test drive a few cars, pick out the one you want, and drive it home that same day? You can’t do that with a new house.
Should you talk to a S. I. Mortgage Group professional before house hunting?
Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first.
You know about credit reports, but have you heard of trended credit data? It's a new rule that allows mortgage lenders to delve more deeply into your credit history and scrutinize in greater detail. It could also have a big impact on your mortgage, [read more...]
You know that a low credit score can prevent you from getting a mortgage. But did you know that slight changes in your credit score can actually alter your mortgage rate? Without a high score, you won't qualify for the lowest available rates. When [read more...]
Strong buyer demand is behind a 4.2% increase in total mortgage applications, with a wave of post Labor Day homebuyers pushing the change. The Mortgage Bankers Association reports (via CNBC) that:
Unlike during much of the summer, application volume[read more...]
Michael Scarimbolo- Branch Manager via Total Mortgage Services
Billionaire investor Warren Buffett today said he sees strength ahead for US economy and predicts US consumers will not see current mortgage rates “for years to come.”