Category : Mortgage Information

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]

by Hilton Head Real Estate Partners October 04, 2016 0 comments

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year […]

by Hilton Head Real Estate Partners September 13, 2016 0 comments

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and […]

by Hilton Head Real Estate Partners August 31, 2016 0 comments

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. […]

by Hilton Head Real Estate Partners August 27, 2016 0 comments

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days. […]

by Hilton Head Real Estate Partners July 26, 2016 0 comments

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage of income a renter spends on housing […]

by Hilton Head Real Estate Partners April 14, 2016 0 comments

Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes. Here is a graph showing […]

by Hilton Head Real Estate Partners March 29, 2016 0 comments

Why is there so much paperwork mandated by lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and  require three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the […]

by Hilton Head Real Estate Partners March 08, 2016 0 comments

Mortgage Rates Low Again A couple of weeks ago, we posted an article discussing where mortgage rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that mortgage rates would begin to rise slowly and steadily […]

by Hilton Head Real Estate Partners February 26, 2016 0 comments

   Ever Wondered What do You Actually Need to Get a Mortgage? Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways to help you figure […]

by Hilton Head Real Estate Partners January 24, 2016 0 comments
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