Accustomed to the ease and convenience that technology has brought to shopping, banking and other aspects of their lives, consumers are increasingly demanding a better experience when it comes to purchasing a home, and more specifically, obtaining a home mortgage. Companies have been stepping up to meet the challenge of streamlining and improving the process Read More
The Mortgage Bankers Association (MBA) reported the volume of mortgage applications increased. The Market Composite Index surged 5.1 percent during the week of June 15, leading to the largest increase in total mortgage volume since January 5 of this year. The adjusted volume was up 3 percent. The MBA reported applications for refinancing and home Read More
Home appraisals serve many purposes from determining the market value of a house to adjusting the borrowing limit as part of a mortgage loan. Although this step can be stressful for buyers and sellers alike, it is crucial. A recent article, Is a no-appraisal home loan too good to be true? explains that while no-appraisal Read More
Most people have heard of bitcoin, a type of digital currency that is secured by encryption. Also known as cryptocurrency, these digital funds are more than just an investment—they can be used to make purchases like the physical money in your wallet. A recent HousingWire article explains, “As the cryptocurrency craze shows no sign of Read More
Most people would consider buying a first home as part of the American Dream, epitomizing the hard work and determination of an individual or couple. According to Bloomberg, many dreams came true in the first quarter of 2018, with first-time homebuyers accounting for 46% of new mortgages backed by Freddie Mac. Although it’s been extensively Read More