Yes, rates are lower, but should you refinance? I’ll tell you what, there are lots of reasons to refinance aside from just rate. You know, homes have appreciated quite a bit, so if you’re paying mortgage insurance, let’s get rid of that and save you that money. And because we have seen strong appreciation over […]
How to Improve Your Credit Score
Let’s talk credit. It’s so important. It can determine whether you get that home or not, and save you a lot of money on the rate you’re going to pay if your credit score is good. Of course, you want to make your payments on time, but how can you actually improve your credit […]
Pre-qualification vs. Pre-approval – The Important Difference
Hi, Christopher Graves here with Christopher’s Mortgage Minute. Many people ask about pre-approvals or pre-qualifications – and most of the time people don’t know if there’s a difference. But you know what? There’s a big difference! For a pre-qualification – we look at your credit, and take a look at some of the basics. While […]
Smart Refinance Tips During The Pandemic
You may be considering taking advantage of these historic low interest rates by refinancing your mortgage to lower your monthly payment, consolidate debt, save years of payments, or pull cash out for a cushion. The Mortgage Industry is doing an excellent job of processing transactions under shelter in place. But it’s more important than ever […]
Finding Opportunity During These Challenging Times
Covid-19 has caused a virtual economic shutdown to stop its spread and preserve health. We will defeat this virus and our economy will begin to recover. The economic slowdown will likely cause home values to take a modest dip over the short term. But this should be viewed as an opportunity. Just prior to the […]
Mortgage Forbearance Amid Coronavirus
The Covid-19 Coronavirus has led to some challenging times for all of us. The Government has created the CARE Act, to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARE Act is the possibility of mortgage forbearance. Forbearance is often misinterpreted. And while it is intended […]
Fed Rate Cut Does Not Equal Lower Mortgage Rates
You’ve probably heard that the Federal Reserve, also known as the Fed, cut interest rates to zero on the Fed funds rate. There’s a common misconception that the Fed rate matches mortgage rates. Although the Fed rate was dropped to zero, this unfortunately does not mean that mortgage rates are also zero. A Fed rate […]
Coronavirus and Housing Concerns
Everyone is concerned about te Coronavirus and the impact on housing sales and values. Although things may have slowed down a bit right now, the market was very strong prior to the pandemic and will likely bounce back very quickly. Here’s a look at some housing stats for both home sales and the rental market, […]
FHA Loan Limits for 2019
FHA loans are a popular program for first time home buyers for their low down payment requirement and the ability to use gifted funds for down payments. For many buyers, FHA is the only program for which they qualify. The downside is, there are limits to amount that can be borrowed. Fortunately, FHA loan limits […]
2019 Conforming Loan Limits Increase Nationwide
This was quite an interesting year for the real estate market. Home prices continued to rise and bidding wars remained prevalent, all despite rising interest rates. Many buyers found it difficult to compete for homes given high prices and mortgage limits. Fortunately, there is good news for buyers hoping to inch into higher price points […]
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