The Wait is Over.

It took them a couple of months but it seems the terms for the financial reform is about to come to a close. Yes, it may seem like this isn’t such a big deal, but there are a few things that you, as someone who is looking to purchase a home, should be made aware of.

Have you ever been denied a loan because of your credit score but you didn’t fully understand why? Well worry no longer, once the terms are set you will be able to ask the lender for your credit score and see for yourself what exactly was ‘causing the problem. This will make it a lot easier for you to know what to do so that the next time you will be able to qualify for that special place.

What could be better than that? Well have you looked at rates lately. They’re so low they would be impossible to limbo. These rates were only possible back in the 70s and 50s. Why some people might look at the rates and confuse them with someone’s GPA.

As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

Fun in the Sun

Summertime is here. For many that means one thing; pool parties. Swimming pools are one of the most asked about features from people looking for a home. The question is, should I add a pool to my home to increase its value. According to a survey from the National Association of Realtors in-ground pools on average add a 7.7% value to your home. This rate is nation-wide mind you. Depending on where you live that actually increase can change. In Southwest, pools add 11% on average to the resale value of your home. In the Midwest however, they add only 6%. Bottom line is, yes a pool can add value to your home, but you must consider whether the cost of building one is worth the price increase.

In addition there are many things to consider when you do have a pool in your home. Pool Safety is an issue that is too often ignored by some home owners. Pool safety is especially important when there are kids about. If there are kids it is recommended that at least one person know CPR. Effective CPR provided to a victim of cardiac arrest can double their chances of surviving. Another safety feature is building a fence around the pool to prevent children from accidentally slipping inside the pool. For more information on pool safety you can visit www.poolsafety.gov.


As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

What happens next? Your Move.

Everyone in the mortgage industry is standing still. Waiting to see what is going to happen next. Will the industry double dip? Is a brighter future waiting for us? The latest news that has come out was great news. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in April, increased 6.0 percent to 110.9, the highest since October. And this proves one thing. He who writes the future is you.

As a home buyer you decide what sales will be like. Are you going to buy a home now, or later? Many people decided to buy new homes in April. Pending home sales in April were up 25% compared to April 09. June has started off by offering low rates as well. The national average for a 30 year low is still below 5%. The question remains. Do you see a home in your future?


There are plenty of good reason to buy a home. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

The numbers are in. New homes are on the rise.

This Monday we learned about the increase in existing home sales. Well that isn’t the only number to be excited about. The number of new homes sales for April has also increased and a lot more than expected too. New home sales rose 15% bringing the number of expected sales for the year to be 504,000. That’s a 14.8% increase from March.

Industry analyst expected a sales increase, but not one that big. The homebuyers tax credit certainly played a part in these sales. Home sales are expected to drop next month. But that shouldn’t stop you if you’re looking to buy. Remember, even though the federal rebate has expired, you’re not out of incentives just yet. California has its own rebate but it’s in a first come first served basis.


Don’t let another opportunity pass you by. There are still plenty of good reason to buy a home. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

Selling like Pancakes.

What’s a great way to start of the week? How about hearing some good mortgage news? Well we have some. According to numbers given by the National Association of Realtors in Washington, purchases increased 7.6% last month. That was due in no small part to the $8,000 credit rebate offered by the government. Buyers seemed to have jumped at the chance to get their piece of the action. That brings the annual purchase rate to 5.77 million, which is higher than predicted.



This is all for sales of existing owned homes. So what does this mean to us all? It means that not only is it a great time to buy a house, it’s also a great time to sell a house too. House prices are still low and rates are great right now. If you’ve ever dreamed of owning your own home, it is now even more possible.



Rates are still below 5%. Step 1 is getting pre-approved for a loan, so don’t hesitate in calling your favorite loan specialist. In case you forgot it, it’s the big red number up above. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

Did You See That?

Have you heard the latest news? Average mortgage rates are falling faster than NBC’s ratings. Rates have dropped lower than the 5 percent, that’s the lowest level since last November. The record low was in March of 09 at 4.61%. I know we’ve been saying this for a while now, but that doesn’t make it any less true, now is the perfect time to buy a home. If the thought has even slightly peeked into your head, it’s time to give it some serious thought.



Interest rates for a 30year loan averaged 4.93 last week, and they’ve only gotten lower. It was the lowest week since mid December. What does this mean? It means if you’re looking into buying a home now with a 30year loan, the most popular loan, you can do so with an interest rate lower than 5%. But these rates aren’t going to stick around all year long. You have to act fast if you want a piece of the action.



All sign are showing a recovering housing market. It’s slow, but it’s improving, and that’s good for everyone. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.

Home sales are down and refinances are up.

We here at loan bloggers think it’s a time to celebrate. We not only can help you get a new home with a super low interest rate, but if you are paying too much interest on your current home mortgage, maybe its time to think about refinancing,



Following the end of the tax credit rebate offered by the federal government house sales fell quickly. But that was expected to happen, what is causing news now is that boost in interest for refinancing. People are realizing how exceptionally low interest rates are now.



Everything is connected. Investors from around the world flocked to the U.S. Treasury securities after the Greek debt crisis. This benefited mortgage borrowers as it caused rates to drop much lower than expected.



As always give us your thoughts below in the comment section. If you have any questions let us know and write away right away.

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