Mortgage Grader

Nov
13
2020

Bidding wars, outdated appraisals hamstring first-time homebuyers
Eighty-two percent of first-time buyers offer less than 20% down. It’s like quicksand for most first-time buyers. Bidding competition is as fierce as ever. Larger down payments and all-cash buyers are winning those bidding wars. No-sale again and again. Talk about...

Nov
11
2020

"How Can I Qualify For A Veteran Home Loan"
VA home loans have impressive rates and terms, making them some of the most desirable mortgage loans to apply for. Curious as to what it takes to get a veteran home loan? Here's everything you need to know to get started. How To Know if You Qualify for A Veteran Home Loan You'll need a...

Nov
07
2020

Volatile coronavirus and no stimulus means lower mortgage rates ahead
Thirty-year rates hit their 12th record low of 2020, a trend likely to continue next year. So, how is the COVID-19 pandemic affecting mortgage rates this year? Freddie Mac reported Thursday, Nov. 5, that rates fell to their 12th record low of 2020, with the 30-year fixed-rate landing...

Nov
04
2020

How To Make An Offer On a Pending Home Sale
Finding an ideal home only to see "pending" on the listing can be disheartening, but it shouldn't be. Most real estate websites will post "pending" as soon as a seller accepts an offer, but that does not mean the deal has gone through. Read on to learn what "pending" in real estate means and...

Oct
30
2020

New mortgages predicted to break all-time record in 2021
Hold onto your hats, because if mortgage bankers are correct, home sales are going to crush it next year with mortgage originations predicted to hit a new record of $1.54 trillion. The forecast, presented at a virtual Mortgage Bankers Association convention, would represent an 8.5%...

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