Steps in refinancing your home
If your financial position has changed or the value of your home has gone up since you purchased it, you may be considering changing the terms of your home loan. If you want to get more favorable terms, lower your…
When to Consider a Second Mortgage (And When to Avoid It)
Over half of American homeowners financed their home purchase and have a mortgage. Banks and lenders like this arrangement because they earn money in the form of interest payments when they loan money to buyers. Buyers like it because they…
Boom: Mortgage lending just had its biggest quarter in 14 years
It probably won’t come as a surprise to those in the mortgage business that the fourth quarter of 2019 was a big one, considering that originations continued to rise throughout the year thanks to near-historic lows in mortgage rates. At…
U.S. home prices jump in Q4 as housing inventory continues to fall
As housing inventory continues to dwindle, more and more homebuyers are facing affordability challenges due to rising home price appreciation, said NAR Chief Economist Lawrence Yun. “It is challenging – especially for those potential buyers – where we have a…
U.S. inventory of homes for sale reaches record low
Supply shortage is choking the housing market and driving up prices. Mortgage rates at three-month lows and a strong jobs market can’t help buyers if there aren’t enough homes to purchase. Read the full article here.
Coronavirus panic puts pressure on mortgage rates
Coronavirus is sparking a global bout of anxiety to a degree not seen since the SARS epidemic 18 years ago. That’s likely to result in lower mortgage rates as global investors pour money into the U.S. bond markets. Read the…
How To Buy a Home Out of State
The home search process can be very fun or very exhausting (or both). Some buyers love the search and enjoy looking at home after home until they find just the right one. Others get tired of coming up empty after…
Remember to get pre-approved BEFORE you go home shopping (Video)
Sometimes home buyers are so excited to go out searching for new properties that they forget that they need to be preapproved first. At times, even realtors in their desire to take on a new client, will start showing properties…
What You Will Pay When You Offer to Purchase a Home
Buying a home is one of the largest purchases that most Americans make in their lifetime. With so much money in play, it’s important to know when it is refundable (and when it is not) during the negotiation process. Earnest…
What financial documents are required to get pre-approved for a home loan? (video)
Please enjoy this brief video that will explain what documents are needed to help a buyer get preapproved for a home loan. At iFinance Mortgage Inc., we are ready to provide you with outstanding customer service like you’ve never experienced…
