How FICO Scores are Calculated

How FICO Scores are Calculated

Your FICO credit score is important when considering buying a home. High scores can qualify for loan packages with lower interest rates, which can increase your borrowing power and lower your monthly payments. If you have a less-than-perfect credit score, you still...
Financing – Pre-Qualified vs. Pre-Approved

Financing – Pre-Qualified vs. Pre-Approved

When it comes to obtaining a mortgage, it’s important to understand the difference between getting pre-qualified and getting pre-approved. While these terms are often used interchangeably, they actually refer to two distinct steps in the loan approval process....
The Growing Popularity of Second Mortgages

The Growing Popularity of Second Mortgages

The current market for second mortgages is experiencing a significant increase in demand among homeowners. This surge in popularity is driven by various factors, including: Rising Home Values: As home values continue to increase, homeowners are finding themselves with...
U.S. Hiring Slowed Dramatically in April

U.S. Hiring Slowed Dramatically in April

Wage growth came in far below estimates according to Friday’s jobs report. Unemployment inched up in April, breaking the trend of strong jobs reports over the past year.  The silver lining is that this trend is good news for mortgage rates. The U.S. economy added...
Why HELOC Loans are so Popular

Why HELOC Loans are so Popular

Why are most homeowners choosing to access equity in their homes opting for a Home Equity Line of Credit (HELOC) loan?  Primarily because most homeowners currently have an interest rate on their mortgages that is far lower than the current market rate.  A cash-out...
78% of Baby Boomers Plan to Age in Place

78% of Baby Boomers Plan to Age in Place

Why are older homeowners planning to stay in their homes as they age? According to a recent survey by Redfin, the majority of baby boomers intend to remain in their current homes as they age. Here are the key findings from the February survey that was completed by...