Should You Lower Your Mortgage Rate With Discount Points?
It might be wise to lean toward paying mortgage discount points to reduce the interest rate. Here’s how to make a decision that fits your circumstances.
buydown
Median Down Payment on a House Falls to 10%, Down from 14% a Year Ago
Down payments are falling as the housing market slows and competition wanes. A new report from Redfin revealed that the median down payment in January 2023 was 10%, down from 13.6% a year earlier and well off the pandemic-era peak of 17.5% last May. They are now similar to levels seen between 2015 and early… Read More »Median Down Payment on a House Falls to 10%, Down from 14% a Year Ago
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Opinion: Stop speaking mortgage to your clients
As mortgage professionals, I see us falling into these common traps. We speak a specific jargon. This jargon is what distinguishes us as professionals. However, our clients do not speak our language. And this is a good thing. If our clients spoke âmortgageâ they would need us less.
The ongoing housing market slump brings back 2-1 mortgage rate buydownsâhereâs how it works – Fortune
The ongoing housing market slump brings back 2-1 mortgage rate buydownsâhereâs how it works Fortune
How does mortgage rate buydown work? – The Washington Post
How does mortgage rate buydown work? The Washington Post
Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future?
These days, mortgage rates arenât as cheap as they used to be. And that is the understatement of the century. The 30-year fixed is currently priced around 7%, more than double the ~3% rate offered in early 2022. That has mortgage lenders scrambling to separate themselves from the crowd amid a shrinking pool of eligible… Read More »Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future?
The post Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future? appeared first on The Truth About Mortgage.
4 practical tips for negotiating your mortgage – CNBC
4 practical tips for negotiating your mortgage CNBC
AmeriSave Mortgage rolls out lender-paid buydown product
In November, the Atlanta-based lender launched a new HELOC offering in response to the growing demand for the product. “We saw a need in the market because consumers were coming to us for that demand,” AmeriSave chief economist Cameron Findlay told MPA in an interview. “So, we accommodated that. We partnered with investors in the … [Read more…]
Lenders convince buyers to ‘marry the house and date the rate’
With mortgage rates expected to climb even higher, lenders are cutting closing costs and launching new programs to court buyers.
Newfi Lending updates branding with new logo
Abreu said the new logo features a sleek, modern design meant to evoke the sense of creativity and forward-thinking in the housing industry that Newfi brings to the table. Newfi’s logo is accompanied by new colors, and a new font as the company expands its branding. Newfi offers a range of non-QM product offerings, including … [Read more…]