by Barbara Colvin | Jan 26, 2023 | Buyers, Mortgage Information, Sellers
Rising mortgage rates have slowed the housing market over the last year, it’s true. Over the past nine months, home sales have declined each month. Largely because the average 30-year fixed mortgage rate has doubled. This has limited homebuying power for many... by Barbara Colvin | Jan 28, 2022 | Mortgage Information
In the olden days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had extra funds lying around and considered you a good credit risk, they would lend you the money from their own funds. It doesn’t... by Barbara Colvin | Dec 31, 2021 | Mortgage Information
Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email spam becoming more pervasive as everyone tries to get rich quick on the Internet, these ads are popping up with... by Barbara Colvin | Nov 25, 2021 | Mortgage Information
An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only... by Barbara Colvin | Oct 22, 2021 | Mortgage Information
There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees, and so on,... by Barbara Colvin | Sep 17, 2021 | Mortgage Information
How would you like a mortgage loan where you did not have to make the whole payment if you did not want to? Or would you like a loan with an interest rate about 1% below a thirty-year fixed rate mortgage and pay zero points? Or a loan where you did not have to...