The year started out with great anticipation. We had a new president, a new administration, with plans to improve the economy and get people working again. Even with talk of interest rate hikes, things were buzzing due to the potential for more jobs, wage growth, fewer regulations, with tax and healthcare reforms. America was ready to get back to the…
Some experts are now saying that buying a home may not be the great wealth builder it once was. They say it may be better to rent a place to live and invest the intended down payment in the stock market. Yeah, like that’s such a sure bet. Who decided that buying a home was meant to be an ‘investment’?…
Okay, a little good news for a change. A CoreLogic report indicates that to date about 9 million current homeowners have regained positive home equity. Residential property owner’s still carrying negative equity is down to about 3.1 million. Some highlights of the report: 635 of homeowners realized a $7.66 billion increase in the last year On average, each homeowner saw…
In case you didn’t know, NCAP is the National Consumer Assistance Plan. Under this plan, the 3 credit repositories will no longer report most civil judgments and tax liens, or unpaid medical bills less than 6 months. They say it’s because, in many cases, these issues are not accurate and they may negatively impact a consumer’s credit profile and score.…
With times being a little tough for many lenders, I hate to bring up anything negative about potentials for increased lending, but I will. Although there is a shortage of homes in the range that would be considered as affordable, there is currently quite a bit of activity from first-time homebuyers resulting from the many low down payment programs and…
Previously, I mentioned that VA had issued a request for comments on proposals to update the fees a veteran could pay in connection with their mortgage. If you missed that one you can read all about it HERE. It’s about time. VA allowable fees haven’t been updated in over 60 years. Maybe it’s about time for a facelift. The MBA…
