Guest Post by Bob Shannon Photo from Pixabay When making large purchases that require a loan, building a good credit score is critical. Despite your best efforts, you may find that your credit profile isn’t ideal when it comes time to purchase a house. Many people find themselves in this situation, but there are things […]
Articles about Financing for Real Estate
On this page, you will find articles about real estate financing, mortgages, credit, and credit reports. Learn more about real estate financing for home buyers and homeowners.
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always […]
Should I Make My Mortgage Payment During the COVID-19 Pandemic? [VIDEO]
Question: Libby, should I make my mortgage payment during the COVID-19 pandemic? Answered by Libby Guthrie Video Transcript Hi, I’m Libby Guthrie with Keller Williams in Northern California, and I’ve had a lot of clients ask me recently whether or not they should make their mortgage payment in light of the COVID-19 situation. So I’m going […]
How Will the Fed Slashing Interest Rates Affect Mortgage Rates
As you may have heard, the Federal Reserve (Fed) slashed interest rates this week to 0% in response to the economic crisis spurred by the COVID-19 virus pandemic. So, many of you are wondering how this will affect your current mortgage rate or your ability to purchase a home under the new interest rates set […]
Home Equity – How to Leverage Home Equity to Build Wealth
Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property. In economics, home equity is sometimes called real property value. (Wikipedia) Homeownership offers many advantages over renting, including a stable living environment, […]
Mortgage Rates Lowest Since 2016
In the past nine weeks, mortgage rates, 30-year fixed rates, in particular, have dropped seven times. This is the lowest average since November of 2016, as reported by Freddie Mac. Sam Khater, Freddie Mac’s chief economist, says; While the industrial and trade-related economic data continues to dominate the news, the drop in mortgage rates over […]
Everything You Need to Know about VA Home Loans
Guest post by Patti Shaner HomeBridge Financial What is a VA Home Loan? A VA Home Loan is a mortgage loan provided by private lenders, such as mortgage companies and banks. The loan is partially guaranteed by the Veterans Administration. The Veterans Administration does not lend money, itself. The VA gives a mortgage lender a guarantee that if […]