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Archive for March, 2016

Are Old People Too Dumb To Get A Mortgage?

Are Old People Too Dumb To Get A Mortgage?

The are some snippets of information which are hard to miss and this one surely caught my interest: According to the Mortgage Bankers Association, “cognitive decline impacts the housing behavior of older Americans.” Does this mean older people are increasingly too dumb to buy real estate or get a mortgage? Apparently in some cases the […]

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Real State Borrowers Face New Mortgage Scams

Real State Borrowers Face New Mortgage Scams

While borrowers worry about mortgage rates they sometimes forget that real estate financing takes place in the real world – a world filled with predators and mortgage scams. The Federal Trade Commission and the National Association of Realtors are now advising borrowers to be on the look-out for scammers who will empty your bank-account with […]

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Low Mortgage Rates Power Rising Home Prices

Low Mortgage Rates Power Rising Home Prices

Mortgage rates never move in a straight line. Whether moving up or down you can’t get excited about little blips here and there, a lesson we are seeing played out in 2016. According to Freddie Mac the rate for 30-year, prime mortgages stood at 3.97 percent as of January 7th. By March 10th the rate […]

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Do You Know VA’s Qualified Mortgage Rules for Streamline Refinances

Do You Know VA’s Qualified Mortgage Rules for Streamline Refinances

The VA loan program’s no-frills refinance option got a slight makeover last year in the wake of major mortgage industry changes. But most veteran homeowners won’t notice much difference in their pursuit of a VA Interest Rate Reduction Refinance Loan (IRRRL), better known as a VA Streamline. Nearly all VA loans are considered “safe harbor” […]

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