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The Top Ways to Get a Fast Mortgage Approval

The Top Ways to Get a Fast Mortgage Approval

If there’s one thing that most borrowers hate about the mortgage process, it’s how long it takes. It can feel like an eternity as you wait for the underwriter to give you the ‘thumbs up’ or ‘thumbs down’ sign. Luckily, there are a few quick ways that you can speed the...

Mortgage Rates Rise So Do Mortgage Applications

Mortgage Rates Rise So Do Mortgage Applications

With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time...

Does The Lender Pull Credit On The Day Of Your Closing?

Does The Lender Pull Credit On The Day Of Your Closing?

You received your mortgage approval, you figure everything is good to go and you are free to do with your finances as you wish, right? Unfortunately, this can hurt you in the end. Lenders have gotten smarter with their ways, especially after the housing crisis. Now,...

First Quarter Data Show Good Start For Mortgage Lending

First Quarter Data Show Good Start For Mortgage Lending

It’s a good start for mortgage lending – or at least that’s what the numbers say. In a latest data report released by Equifax, the first quarter of the year has seen increases in mortgage activity, owing to the positive financial wave that Brexit resulted after its...

Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

A study published in July revealed that default rates on reverse mortgages insured by the Federal Housing Administration could be reduced by as much as 50% in light of the agency’s recent rules changes.This development comes as the FHA wishes to codify those changes...