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· by Reba Haas · 26 Jul, 2022
Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer...
Case Studies / financial matters / Financing / financing/lending / Interest Rates / loan modification / mortgage / Reverse Mortgage / Second Mortgage / Team Reba
· by Reba Haas · 2 Jun, 2022
In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The...
agent advice / credit / financial matters / Financing / financing/lending / First Time Buyer / First-Time Homebuyer / For Buyers / Interest Rates / loan modification / Loans / mortgage / real estate / Reverse Mortgage / Second Mortgage / Team Reba / team reba tips
· by Reba Haas · 28 Apr, 2022
Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so...
Case Studies / financial matters / Financing / financing/lending / Interest Rates / loan modification / Loans / mortgage / real estate / Reverse Mortgage / Second Mortgage
· by Reba Haas · 25 Apr, 2022
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you...
Case Studies / financial matters / Financing / First Time Buyer / First-Time Homebuyer / For Buyers / For Sellers / Freddie Mac / Interest Rates / mortgage / real estate / Reverse Mortgage / Second Mortgage / Team Reba / team reba tips
· by Reba Haas · 15 Apr, 2022
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout...
Case Studies / Closing Costs / financial matters / Financing / financing/lending / First Time Buyer / For Buyers / For Sellers / Interest Rates / Loans / mortgage / Reverse Mortgage / Second Mortgage
· by Reba Haas · 13 Apr, 2022
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems...
Agent / Case Studies / credit / financial matters / Financing / financing/lending / Interest Rates / loan modification / mortgage / Reverse Mortgage / Second Mortgage / Team Reba
· by Reba Haas · 10 Mar, 2022
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because...
Financing / For Buyers / For Sellers / loan modification / Loans / mortgage / Second Mortgage / seller advice / Team Reba
· by Reba Haas · 21 Feb, 2018
Did you know that less than 20 percent of U.S. homeowners have 50 percent equity or more in their homes? After reviewing the terms of your mortgage, it may seem like it will take forever to pay it off. But paying off your mortgage early is not impossible. By making...
Agent / agent advice / buyer advice / Education / Financing / For Buyers / For Sellers / mortgage / save money / Second Mortgage / seller advice / Team Reba / tips
· by Reba Haas · 13 Oct, 2016
A second mortgage is a loan that uses your home as collateral, much like the primary mortgage you received when you bought your house. People who apply for secondary loans typically use the money for a child’s education or to pay off credit card debt. Home improvements are another reason...
