Mortgages

The Pros and Cons for Borrowers on More Transparent Mortgage Disclosure Forms

Armen Hareyan's picture
By Armen Hareyan 2015-10-28 13:55
Online Mortgage Application

Mortgage disclosure forms will be changed and new forms will be implemented this month. New government rules, which require mortgage loan lenders to provide borrowers more detailed information about their mortgages will go into effect this month. Home loan lenders are now required to explain mortgage loan terms to home buyers in unprecedented detail.

New Mortgage Closing Guidelines Explained

Angelia Bynum's picture
By Angelia Bynum 2015-10-27 15:30
Mortgage closing

The CFPB (Consumer Financial Protection Bureau) is an agency that sole responsibility is to protect consumers as it relates to financial transactions while enforcing TRID (Truth in Lending Act/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures. There are two new documents that a consumer will receive after applying for a home mortgage; LE- Loan Estimate and CD- Closing Estimate. Below is a brief description of each and the documents they are replacing.

Why Finding Loans for Rental Property Can Be a Difficult Task and Things You Can Do If Denied

Corey Dutton's picture
By Corey Dutton 2015-10-27 13:48
Rental Property Loan

After between 2011 and 2012, many real estate investors started picking up rental properties with their own cash. Those who had primarily focused on purchases for quick resale leading up to 2011, began to shift focus. Once competition among “flippers” spiked in many U.S. markets, demand increased in the buy and hold category.

How The Rise in Mortgage Rates Impact Average Buyer's Ability to Qualify for a Loan

Armen Hareyan's picture
By Armen Hareyan 2015-10-17 18:47
Impact of Today's Mortgage Rates on Buyers

While the current mortgage rates are still under 4%, yesterday the average 30-year mortgage rates rose to 3.82 percent. I asked my friend Park McCants from Eugine, OR, a retired Realtor and developer with 30 years experience, what the slight rise in rates means for the average American home buyers and the real estate industry in general. Here is McCants in his own words.

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