True or False: Independent Mortgage Brokers Can Offer Realtors and Brokers Better Service than Big Lenders. TRUE: According to Housingwire.com, Independent mortgage brokers are cheaper, faster and offer better customer service.  Below are some of the misconceptions and the explanation of why they may be totally wrong today. True or False: Independent Mortgage Brokers Have…

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FHFA structural changes to Release GSE’s from Conservatorship Mortgages. Love ‘em or hate ‘em, but unless you have incredible liquidity, you need a mortgage to buy a home.  In 2008, because so many Americans had begun using their homes as their personal ATM, the financial industry was destabilized, and Fannie Mae and Freddie Mac went…

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Part 1 www.HomeRefiNetwork.com wants you to know mortgage loan borrowers have important rights.  I am constantly amazed by how many people take out a mortgage without understanding the process, the legal contract they are signing, their liabilities and their protections.  Today’s post is meant to shed light on some of this, starting with what the…

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It is not unusual to consider a refinance or home equity line of credit at this time of the year.  This is when all those bills come due from the holidays during the last two months.    What is unusual is that today’s interest rates are near their all time low and are incredibly attractive. …

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Lots of sites are already listing the best mortgage loans of 2020, but the best mortgage loan program for you isn’t cut and dried.  Other factors affect what is more beneficial to each borrower. Credit Score.  You credit score is not static.  It changes depending on purpose of the credit pull and on your recent…

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If you have held off on buying a home in the hopes that prices will drop, you might consider searching for your next home now.  Realtors remind us that there can be benefits to buying a home in the winter. No one loves sloshing through ice and snow, sleet and slush to check out houses…

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There’s no place like home for the holidays.  There’s even a song about it.  The thing is, if that home is so expensive that you are house poor, it can ruin your holidays with stress.  To enjoy your home, you need to figure out how to afford it. Home refinance applications are down from last…

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As you consider paying it forward in the season of giving, FannieMae has created a home buying program that does just that.  It is called the Shared Equity Program and it allows borrowers to purchase homes at below market prices.  In exchange, those borrowers must agree to sell the property ONLY to other income-qualified (buyer’s…

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