Archive for 'All Mortgage News'

The Importance of Getting Pre-Approved

It’s always been a good idea to get pre-approved for your mortgage loan,

but lately, it’s become even more important

Why should I be pre-approved for a mortgage loan?

In recent years, mortgage guidelines have been tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the process and uncovers potential pitfalls long before you become obligated by a contract to purchase.

What advantages will I ...

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One Thing You Must Know About Rates

 There is a lot of talk lately about how interest rates have risen slightly over the last month.  Some people start to panic when rates begin to rise because they think it is all bad news but there are two sides to every story.

The lowest rate certainly sounds best. But did you know the lowest rate doesn’t always mean the lowest cost?

Mortgage interest is just one component of the real cost of owning a home.

Interest rates ...

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The Cost of Renting vs Owning

There’s more to comparing the costs of renting and owning than the dollar cost of payments.


Even with numbers like these, some still say renting is better:

“Investing in a home is riskier than renting.”

No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net worth that is from several to hundreds of times higher than that of renters.

“Home values have dropped in recent years.”

Which is one reason why ownership may now be ...

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A Reason to be Happy

Below, please find a chart depicting housing price gains during Q4 2014. Below that, I’ve listed annualized gains for 2014 as well as commentary on what all this means. Enjoy the good news!