Things To Avoid After Applying for a Home Loan
Things To Avoid After Applying for a Home Loan
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it ...
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Posted by Tracy Tang on June 22, 2022 in Mortgage
Why Rising Mortgage Rates Push Buyers off the Fence
Why Rising Mortgage Rates Push Buyers off the Fence
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased ...
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Posted by Tracy Tang on May 22, 2022 in Mortgage
How Today’s Mortgage Rates Impact Your Home Purchase
How Today’s Mortgage Rates Impact Your Home Purchase
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of ...
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Posted by Tracy Tang on May 17, 2022 in Mortgage
How To Approach Rising Mortgage Rates as a Buyer
How To Approach Rising Mortgage Rates as a Buyer
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, ...
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Posted by Tracy Tang on May 2, 2022 in Mortgage
How Global Uncertainty Is Impacting Mortgage Rates
How Global Uncertainty Is Impacting Mortgage Rates
If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent ...
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Posted by Tracy Tang on March 9, 2022 in Mortgage
The Top Indicator if You Want To Know Where Mortgage Rates Are Heading
The Top Indicator if You Want To Know Where Mortgage Rates Are Heading
What's your mortgage rate? You might be surprised to find out that it is not in the hands of banks or loan officers. The top indicator for knowing where rates are heading can ...
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Posted by Tracy Tang on February 5, 2022 in Mortgage
With Mortgage Rates Climbing, Now’s the Time To Act
With Mortgage Rates Climbing, Now’s the Time To Act
Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost ...
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Posted by Tracy Tang on January 24, 2022 in Mortgage
What Do Experts Say About Today’s Mortgage Rates?
What Do Experts Say About Today’s Mortgage Rates?
Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls ...
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Posted by Tracy Tang on August 30, 2021 in Mortgage
The Power of Mortgage Pre-Approval [INFOGRAPHIC]
The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Some Highlights
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to ...
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Posted by Tracy Tang on May 22, 2021 in Mortgage
Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home
Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed ...
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Posted by Tracy Tang on May 7, 2021 in Mortgage
There’s No Reason To Panic Over Today’s Lending Standards
There’s No Reason To Panic Over Today’s Lending Standards
Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the ...
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Posted by Tracy Tang on April 14, 2021 in Mortgage
How a Change in Mortgage Rate Impacts Your Homebuying Budget
How a Change in Mortgage Rate Impacts Your Homebuying Budget
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage ...
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Posted by Tracy Tang on April 12, 2021 in Mortgage
What Credit Score Do You Need for a Mortgage?
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards ...
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Posted by Tracy Tang on April 5, 2021 in Mortgage
How Upset Should You Be about 3% Mortgage Rates?
How Upset Should You Be about 3% Mortgage Rates?
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day ...
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Posted by Tracy Tang on March 26, 2021 in Mortgage
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has ...
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Posted by Tracy Tang on March 10, 2021 in Mortgage
Things to Avoid after Applying for a Mortgage
There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
Along the way, be sure to discuss any changes in income, assets, or credit with ...
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Posted by Tracy Tang on January 25, 2021 in Mortgage
The Do’s and Don’ts after Applying for a Mortgage
Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large ...
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Posted by Tracy Tang on December 29, 2020 in Mortgage
How the mortgage industry is working together to make housing more affordable
October 21, 2020, 10:05 am By Content Solutions Team
Over the years, the inventory of affordable homes has been in sharp decline, while home prices have risen dramatically. With homes becoming increasingly unaffordable, the ...
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Posted by Tracy Tang on December 19, 2020 in Mortgage
Do You Need to Know More about Forbearance and Mortgage Relief Options?
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging ...
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Posted by Tracy Tang on October 28, 2020 in Mortgage