Category Archives: News and Information

5% Down Mortgage Payments

5% Down Payments are being offered by banks. Could this help increase mortgage applications? An important aspect for borrowers to know is the cost of the mortgage over the life of the loan. Check http://mortgagebiweeklycalculator.com/for a great way to calculate … Continue reading

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Mortgage Rates Update from Mortgage Saver

The rise in the mortgage rates and prices have change the forecast for pending home sales. A quote from the NAR – “The National Association of Realtors said Monday that its seasonally adjusted pending home sales index dropped 5.6 percent … Continue reading

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Mortgage Applications Go Flat

As the Government Shutdown goes on it effects the mortgage industry on the consumer and business side. With deals being negotiated over the debt ceiling in Washington the world waits and it is beginning to show in different areas of … Continue reading

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5 Mortgage Applications Get Denied

A quick read for the Monday back to work. 5 Reasons Mortgage Applications Get Denied from the Motley Fool. http://www.fool.com/investing/general/2013/10/13/5-reasons-mortgage-applications-get-denied.aspx  

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Tax Transcripts Slowing Down Mortgage Applications & More

News from Forbes Magazine: Over two million tax transcripts are processed a month by the IRS and are now being held up with the Government Shutdown. This delays loans for many people applying. http://www.forbes.com/sites/ashleaebeling/2013/10/09/federal-shutdown-crimps-mortgage-applicants-credit-card-seekers-and-job-hunters/    

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Government Shutdown & Mortgages

The government shutdown is affecting many areas of the economy.  A great article about how the shutdown could cause delays on mortgage industry but also affect the housing market. Quoted from the article: The longer the government is closed, the … Continue reading

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Rock Climber

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