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Is It Worth Doing It Yourself? Fannie Mae HomeStyle Can Help You
By Leesa Sandoval
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No Need to be Married to Buy Your First House, You Need a 203k Limited Renovation Loan
By Leesa Sandoval
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Renovation Mortgage Loans Are Rocking Early in 2014
By Leesa Sandoval
Renovation mortgage loans are really taking off early in 2014. People are seriously realizing how valuable renovation loans are when it comes to purchasing and renovating a property. Renovation loans such as the Fannie Mae HomeStyle and the FHA 203k allow for so much…check out some recent projects that are kicking off and stay tuned for “after pictures.”
Read MoreHow Much Can I Afford?
By Leesa Sandoval
Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow
Read More8 Questions Your Lender Should Answer About Mortgage Rates
By Leesa Sandoval
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan:
Read MoreTop Five Market Factors That Influence Mortgage Rates
By Leesa Sandoval
Outside of the borrower’s control, the mortgage rate marketplace is a dynamic, volatile living and breathing animal.
Read MoreHow Are Mortgage Rates Determined?
By Leesa Sandoval
Many people believe that interest rates are set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market.
Read MoreHow Do Mortgage Rates Move When The Fed Lowers Rates?
By Leesa Sandoval
Lower mortgage rates is a common misconception that is perpetuated by the mainstream media perpetuates when the Fed makes an announcement of lowering rates.
However, when the Fed cuts interest rates, mortgage rates tend to increase.
Read MoreUnderstanding Mortgage Rates – Texas
By Leesa Sandoval
As a consumer, it’s important to understand that mortgage rates change with the movement in the bond market, specifically the value of mortgage-backed securities. These changes happen daily and sometimes multiple times a day. Rates will vary from program to program. For example, rates on USDA loans are a bit higher than FHA loans because USDA allows for 100% financing.
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