News & Insights
Protect Yourself from Illegal Mortgage Fees
The Consumer Finance Protection Bureau (CFPB) recently released an update on its efforts to combat “junk fees” or illegal mortgage fees in the mortgage servicing market. These fees, often assessed improperly by banks and lenders, can lead to substantial financial harm for consumers. Monitoring the market “The CFPB is actively monitoring the market for emerging ... Read more
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Should I buy a house now or wait?
The second quarter of 2024 is expected to witness the typical springtime surge in real estate activity, according to Bankrate’s analysis. This period usually sees heightened buying and selling as families aim to settle into new homes before the upcoming school year. However, experts project a potential slowdown compared to previous years due to ongoing ... Read more
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HELOAN or HELOC: Home Equity Options for Financing Needs
Homeowners often consider tapping into their home equity for various financial needs. Two common options for leveraging home equity are Home Equity Loans (HELOANs) and Home Equity Lines of Credit (HELOCs). While both allow you to borrow against your home's value, they have distinct features that cater to different financial situations.
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Navigating Mortgage Options During Divorce
Divorce can be a challenging time, and navigating mortgage options adds another layer of complexity to an already emotional situation. Here’s a comprehensive guide to understanding what happens to your mortgage during a divorce and exploring the available options. 1. Sell Your Home: One common approach is to sell the marital home and divide the ... Read more
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Types of Non-QM Loans: Understanding Your Mortgage Choices
In this comprehensive exploration, we'll delve into the various types of non-QM loans available, helping borrowers understand their mortgage choices and find the right financing solution.
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A Guide to Non-QM Loans Offering Flexibility
Non-QM loans, or non-qualified mortgages, have emerged as a valuable option for borrowers with unique financial circumstances. In this in-depth guide, we'll explore the particularities of non-QM loans, their advantages, potential risks, and essential considerations for prospective homebuyers.
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What the Realtor Lawsuit Settlement Means for Homebuyers and Sellers
Homeowners could see a significant drop in the cost of selling their homes after a powerful real estate trade group agreed last week to resolve antitrust litigation accusing brokerages of inflating sales commissions.
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30-Year Mortgage Rates Shoot Up Again, Hitting an Almost 3-Month High
After easing a bit mid-week, 30-year mortgage rates jumped back up to 7.48% Thursday, their highest level since the start of December. Other new purchase loans saw rates either climb or hold roughly steady Thursday, while the 30-year refi average meanwhile spiked more than a quarter point.