Fannie Mae Relaxes Waiting Period for Distressed Borrowers

From DSNEWS.com 9/11/14 Fannie Mae recently released a report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie … Continue reading Fannie Mae Relaxes Waiting Period for Distressed Borrowers

Survey: Americans Stymied by Homebuying Confusion

From DSNews.com 9/15/14 While nearly seven in 10 Americans agree that now is a good time to become a homeowner, a large number remain reluctant due to their own misguided understanding of the financing process, according to survey results released Monday. In a poll of more than 2,000 consumers, Wells Fargo found 68 percent feel … Continue reading Survey: Americans Stymied by Homebuying Confusion

How much of a down payment do you really need to buy a house?

 From Credit.com 9/12/14 Looking to get your foot in the door (of your new home)? If you’re a renter who’s tired of paying someone else’s mortgage, now may be the time to pursue the American dream of homeownership. In fact, the days of needing a 20% down payment are long gone. While you can always … Continue reading How much of a down payment do you really need to buy a house?

More homeowners retire with outstanding student loan debt

Defaults come out of social security checks Housingwire 9/11/14     Yes, millennials have accrued an absurd amount of student debt, putting a damper on the housing recovery. And nothing is hurting the housing recovery in such a nuanced way as student loan debt, according to Rohit Chopra, the student loan ombudsman for the Consumer … Continue reading More homeowners retire with outstanding student loan debt

Why You Should Get Off the Fence About Buying a Home

From Zillow.com 9/9/14 As the housing market continues to stabilize and show more signs of health and improved conditions, you might be thinking more seriously about purchasing a home, right? Here are some reasons why it’s (still) a good idea to get off the fence — sooner, rather than later. Mortgage rates are (still) low During … Continue reading Why You Should Get Off the Fence About Buying a Home

Homeownership Goals Alive Among Teens

While the oldest crop of millennials have been slow to check into the housing market, a new study from Better Homes and Gardens Real Estate suggests today's teenagers are eager to jump in. In survey findings released Monday, Better Homes and Gardens found that the current generation of teenagers—dubbed "Generation Z"—already values homeownership as the … Continue reading Homeownership Goals Alive Among Teens

How to save $17K on your mortgage with minimal effort

By following one smart tip, you can save thousands of dollars on your mortgage. From Yahoo Homes 9/8/14 Are you thinking of buying a home or refinancing soon? Then keep reading to learn how you can easily save thousands on your mortgage. Shopping - it's the American way. And if you're a savvy shopper, you … Continue reading How to save $17K on your mortgage with minimal effort

Millenial Friendly Cities

Fixed Mortgage Rates Hold for Third Straight Week

From DSNews.com 9/4/14 Mortgage interest rates stayed fairly level this week, settling in ahead of Friday's August jobs report. Freddie Mac released on Thursday the results of its latest Primary Mortgage Market Survey, showing the average 30-year fixed-rate mortgage (FRM) coming in at 4.10 percent (0.5 point) for a third straight week, the lowest level … Continue reading Fixed Mortgage Rates Hold for Third Straight Week

Waiting to Buy a Home in These Markets Could Cost Hundreds

  Look our Riverside we are #5 Home values are increasing across the country and interest rates are likely to rise in the next year. That means buying a home is going to get more expensive. But how much more expensive? To find out, Zillow calculated the difference in monthly payments on the same house purchased … Continue reading Waiting to Buy a Home in These Markets Could Cost Hundreds