by Susanne Dwyer | Nov 13, 2017 | Advice, Buying/Selling, For Your Clients, Home Spun Wisdom, Latest News |
(TNS)—When people want to find out how much their mortgages cost, lenders often give them quotes that include loan rates and points. What Is a Mortgage Point? A mortgage point is a fee equal to 1 percent of the loan amount. A 30-year, $150,000 mortgage might have a...
by Susanne Dwyer | Sep 12, 2017 | Advice, Buying/Selling, For Your Clients, Home Spun Wisdom, Latest News |
Most people don’t think too much about their FICO scores until they want to get a loan. No matter the type of loan you want—mortgage, new car—the higher your FICO score, the more likely you’ll be approved. Understanding the five factors that make up your...
by Susanne Dwyer | Aug 14, 2017 | Buying/Selling, House Canary, Latest News, National, News |
More millennial homebuyers are obtaining conventional financing over FHA financing, relying less on government-backed loans, according to the latest Ellie Mae Millennial Tracker™. Conventional and FHA—the most common types of mortgage loans for millennials—comprised...
by Susanne Dwyer | Jul 10, 2017 | House Canary, Latest News, National, News |
The Consumer Financial Protection Bureau (CFPB) recently finalized updates to the TILA-RESPA Integrated Disclosure rule (TRID), or “Know Before You Owe,” including clarifying the sharing of the Closing Disclosure (CD) with third parties—a concern for many...
by Susanne Dwyer | Jun 24, 2017 | Buying/Selling, Latest News, News |
Sixty percent of consumers recently surveyed by the American Bankers Association (ABA) prefer to apply for a mortgage in person, despite the existence of technology that eliminates the need for human interaction. Just 17 percent prefer to apply for a mortgage online....