Getting a delayed financing deal over the line
Adviser explains how he jumped through hoops to make deal work
New Trump tariffs could create challenges in the housing market
“You know from economic theory it’s pretty clear what the direction is going to be between the impact of tariffs on imports to the US, and retaliatory tariffs from our trading partners,” Fratantoni said. “Global economic growth is going to slow, prices are going to increase, and so that will show up as, at least, […]
Renovation Home Equity Line Of Credit – HELOC
Upgrade your primary residence with MortgageDepot’s Renovation HELOC, a versatile financing solution designed to help homeowners transform their living spaces. Whether in New York, New Jersey, or any other 47 states (except Texas), our full-income check HELOC mortgage provides the funds you need to bring your renovation vision to life. How Our Renovation HELOC Works Unlike traditional loans, our program leverages the After […]
What privatizing Fannie and Freddie might mean for brokers
Could privatization lead to more flexibility in lending? Proponents of privatizing Fannie and Freddie believe that government ownership limits competition in the mortgage market. It also makes taxpayers responsible if another housing crisis hits, as was the case in 2008, when the government spent $190 billion to stabilize them by putting them under conservatorship. Others […]
How a Reverse Mortgage Can Enhance Retirees’ Lifestyles
Retirement is a time to enjoy the fruits of one’s labor, but financial constraints can sometimes limit the ability to fully embrace this phase of life. For many retirees, a reverse mortgage can be a valuable tool to enhance their lifestyle by providing additional financial resources. In this blog, we’ll explore how a reverse mortgage […]
Should brokers be worried about Rocket’s Mr. Cooper purchase?
A continued constriction of the mortgage market may worry brokers Rocket’s announcement of its acquisition of Mr. Cooper came before the ink was dry on its agreement to purchase Redfin in an all-stock deal for $1.75 billion earlier in March. That move was hailed as an effort to create a “super app” for housing, similar […]
Understanding Buyer’s Agent Agreements: A Comprehensive Guide
An Introduction to Buyer’s Agent Agreements Purchasing a home is one of the largest financial decisions most people make in their lifetime. The real estate market is a competitive and complex field, making it crucial to have a knowledgeable professional on your side. One of the best resources for homebuyers is a buyer’s agent, a […]
Home equity explained: how to educate borrowers
Equity in a home is the difference between what your home is currently worth and what you owe on your mortgage. For instance, if you owe $200,000 on your mortgage and your property is worth $250,000, then you have $50,000 of equity in your property. How does home equity work? If all or some of […]
How the Next Federal Reserve Meeting Could Affect Your Mortgage Rates
As we approach the next Federal Reserve (Fed) meeting on September 17-18, 2024, it’s essential for both current homeowners and potential buyers to understand how this could influence mortgage rates. Let’s break down what a potential rate cut means for your home buying or refinancing plans. What Does the Federal Reserve Do? The Federal Reserve, […]
Loan officer numbers could spike if rates dip – CEO
Consumers slowly becoming accustomed to higher-for-longer rates? During the pandemic, mortgage rates plunged and scores of homeowners and buyers rushed to take advantage of ultra-low borrowing costs, triggering a purchasing and refinancing surge. Borrowers got used to those rock-bottom rates between 2020 and 2022, meaning the subsequent spike in rates – triggered in part by […]