How to Refinance Your Mortgage In 4 Easy Steps


Recently, refinancing has been a trend on the rise. However, many homeowners are unsure where to begin when it comes to refinancing their mortgage. If the refinance process seems confusing to you, then our simple and easy four step guide to refinancing your mortgage can help break this complex process down! Step 1- Analyze Your Financial Goals As with any decision, it is important to consider the motive behind the decision. Consider your personal financial goals and if the refinance coincides with them. There are generally FOUR main reasons people refinance – to cut mortgage

How to Refinance Your Mortgage In 4 Easy Steps2022-01-25T18:09:25+00:00

2022 Housing Market Forecast and Prediction


What does this year have in store for the housing market? Here is a breakdown of what 2022’s Housing Market Forecast has in store! Mortgage Rates   According to Keeping Current Matters, mortgage rates are projected to rise in 2022, yet remain historically low comparatively. If you’re thinking about starting your homeownership journey, it’s best to take advantage of today’s rates before they continue to increase! Start your home buying journey today by connecting with one of our expert team members. Source: 2022 Housing Market Forecast [Infographic].” Keeping Current Matters, December 15, 2021. https://www.mykcm.com/2021/12/17/2022-housing-market-forecast-infographic/.  Price Growth   Similarly, Zillow economists predict there will be strong

2022 Housing Market Forecast and Prediction2022-01-17T17:36:19+00:00

Fannie Mae’s HomeStyle Renovation Loan Process


While renovating a home can seem tiresome and time consuming, the loan process shouldn’t be! When you use Fannie Mae’s HomeStyle Renovation Loan, you are using a product that will be closed in three simple phases. Phase One: Review Plans and Loan Preparation Reviewing homestyle loan terms and fees. Borrower works with contractor and in most cases a HUD consultant to submit renovation plans to lender. Appraiser reviews plans and determines “as-compared” value. Lender uses Maximum Mortgage Worksheet (form 1035) to determine mortgage amount. Phase Two: Manage Funds Through Renovation Lender sells loan to Fannie

Fannie Mae’s HomeStyle Renovation Loan Process2022-01-11T14:54:55+00:00

HELOC vs. Home Equity


Do you have equity in your home? Consider taking out a HELOC or a Home Equity Loan to gain access to funds. Read more to learn about the different types of Home Equity Loans available and if this option could be right for you! According to Investopedia, home equity loans give the borrower a lump sum upfront to spend, and in return, they must make fixed payments over the life of the loan. Although, both HELOC and Home Equity Loans allow consumers to gain access to funds there are distinct differences between the two. What is a

HELOC vs. Home Equity2022-01-04T16:57:08+00:00