Mortgage Industry News
Bank statement loans: Mortgage lenders and requirements
Source: The Mortgage Reports --- Where can I find a bank statement loan? The home loan process looks a little different when you have self-employed income. Traditional home loans are an option, but some self-employed borrowers prefer bank statement loans, which...
While inflation continues to drive Houston interest rates up, real estate agents say there may be a silver lining for buyers
Source: Click 2 Houston --- HOUSTON – Sikiru Ogunboyejo has been a real estate agent for eight years. He says he’s seen major fluctuations in interest rates during his time on the job. ”When COVID started interest rates were, I wouldn’t say at an all-time low, but...
City housing report shows rising mortgage, rental costs
Source: IDS News --- The Bloomington City Council discussed some of the current challenges of increasing home-owner and renter costs facing Bloomington residents regarding renting and home ownership Wednesday. In a comprehensive housing report from the City of...
Burning Mortgage Question: Should You Retire, Then Pay Off Your Mortgage?
Source: Green Entrepreneur --- What to do with that mortgage? Many soon-to-be retirees wonder whether they should pay it off, but what about current retirees? Here's how you can make that determination. A common question: Should you pay off your mortgage before you...
2022 home prices will keep rising at or near double digits, predicts the analyst who called the current housing boom
Source: Fortune --- For this writer, Ed Pinto makes the most accurate predictions of all the real estate world’s data-crunchers on where housing prices are heading. Pinto, director of the American Enterprise Institute’s Housing Center and former chief credit officer...
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