This past year has seen many new federal regulations which have changed many mortgage loan rules and disclosures. While the good intent of these disclosures is to show what a given interest rate and term will actually cost borrowers, borrowers are having difficulty understanding these new disclosures. Simplifying mortgage disclosures is an issue that the Treasury Department is…Details
Interest rates are still at a 40 year low. We are having a successful September with more home purchases than we’ve seen in the past couple of years. Many past clients are calling in to try to take advantage of the current extremely low interest rates.
News 09/11/10: Purchase applications hit their highest level since the end of May of 2010, but home-buying activity is still way off of levels seen earlier this year, when tax credits juiced sales. Applications are also around 40% below the level recorded one year ago, when prices were lower and a tax credit was also…Details