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What is mortgage prequalification, and is it mandatory?

What is mortgage prequalification, and is it mandatory?

by Third Party | Oct 5, 2021 | Mortgage Information, Real Estate Agent Tools

Source: Business Insider —  Do you think you’ll be ready to buy a home soon? Then you may want to apply for mortgage prequalification with a lender. The process is quick and free, and you can usually apply online. What is mortgage prequalification?...
Mortgage demand falls as rates rise to highest level since July

Mortgage demand falls as rates rise to highest level since July

by Third Party | Oct 5, 2021 | Mortgage Information, News/Current Events

Source: CNBC —  Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s...
Mortgage rates rise slightly, but you still have a window to snag a COVID deal

Mortgage rates rise slightly, but you still have a window to snag a COVID deal

by Third Party | Oct 4, 2021 | Industry Updates, Mortgage Information, News/Current Events

Source: Yahoo Finance —  It’s inevitable, homeowners: The pandemic-fueled low mortgage rate party will come to an end. The economy’s open, more than 2 million jobs were created in the last three months, and COVID-19 relief programs are being allowed to...
4 must-dos when refinancing into an ultra-low mortgage rate

4 must-dos when refinancing into an ultra-low mortgage rate

by Third Party | Oct 4, 2021 | Mortgage Information, News/Current Events

Source: Yahoo Finance —  Mortgage rates remain at levels that might have seemed unthinkable just two years ago. Thirty-year home loans can still be found at rates far below 3%. If you’re a homeowner with an existing mortgage, you might want to consider...
Why lenders should build a referral-based business

Why lenders should build a referral-based business

by Third Party | Oct 2, 2021 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Housing Wire —  HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help...
What happens if you wait to buy a home? Interest rates could shift dramatically

What happens if you wait to buy a home? Interest rates could shift dramatically

by Third Party | Oct 1, 2021 | Mortgage Information

Source: KSL —  Every aspiring homeowner in Utah is asking the same question: When will home prices drop? Unfortunately, no one can predict exactly when that will happen or if it will happen. In the meantime, there’s perhaps a more important question...
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