Mortgage Tips Archives - CENTURY 21 Advantage Gold

What’s Ahead For Mortgage Rates This Week – July 27, 2020

Last week's economic reporting included readings on sales of new and previously owned homes. State and federal data on new and continuing jobless claims were released along with Freddie Mac's weekly report on mortgage rates. Sales of New and Existing Homes Rise in June Sales of new homes rose at their highest rate in 13 years according to the Commerce Department. New homes sold at a seasonally-adjusted annual pace of 776,000 sales, which exceeded the expected reading of 710.000 new single-family homes sold and May's reading of 682,000 new homes sold. Analysts said that increased interest in relocating to suburban areas and low mortgage rates fueled buyer interest in new homes.

By Bill Lublin|2020-07-27T05:45:00-04:00July 27th, 2020|Financial Reports|Comments Off

The Pros and Cons of Mortgage Rate Locks

If you're just jumping into the game of home purchasing, you are likely considering all of your loan options and may even have heard the term mortgage lock. For those who don't like to gamble, a mortgage rate lock can offer a bit of reassurance, but there are also some downsides to this type of protection. Before signing off on this, here are the details on rate locks so you can make an informed decision.

By Bill Lublin|2017-08-10T01:59:42-04:00September 28th, 2016|Home Mortgage Tips|Comments Off

What’s Ahead For Mortgage Rates This Week – August 22, 2016

Last week's economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.

By Bill Lublin|2017-08-10T02:00:32-04:00August 22nd, 2016|Mortagage Tips|Comments Off

How to Determine the Right Mortgage for You: The Pros and Cons of Each Type

Finding the right mortgage can be a struggle. There's a wide array of mortgage products on the market, and you don't always need to get a mortgage through your bank - and with so many options, it's hard to know which one is your best bet. Your ideal mortgage will depend on your own individual financial situation, but when you understand how different kinds of mortgages work, it's easier to choose the right one. Here's what you need to know about mortgage types.

By Bill Lublin|2017-08-10T02:03:01-04:00April 21st, 2016|Home Mortgage Tips|Comments Off

How the Truth in Lending Act Protects You When You Take Out a Mortgage

If you're planning to get a mortgage, it's critical that you know your rights under the law. The Truth in Lending Act (TILA) is a piece of federal legislation that governs how mortgage lenders can and cannot operate their businesses. So how does the Truth in Lending Act protect you, and what are your rights under this legislation? Here's what you need to know.

By Bill Lublin|2017-08-10T02:03:19-04:00April 6th, 2016|Home Buyer Tips|Comments Off

Video: What Do Lenders Have To Tell You About Your Real Estate Loan?

What Do Lenders Have To Tell You About Your Real Estate Loan? Federal "disclosure" forms define the information that creditor businesses MUST provide to consumers applying for real estate loans.

By Bill Lublin|2017-08-10T02:05:28-04:00December 18th, 2015|Mortgage Guidelines|Comments Off

Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

In this post we'll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home.

By Bill Lublin|2017-08-10T02:11:45-04:00November 7th, 2014|Home Mortgage Tips|Comments Off

Turned Down for a Mortgage? What to Do if You are Declined – and How to Get Second Opinion

If you have been declined for a mortgage, you may think that home ownership is out of reach. However, there are ways to turn a rejection into an approval and to find a more accessible loan. Here are just a few steps you can take to learn about your loan options and get the mortgage that works for you.

By Bill Lublin|2017-08-10T02:12:43-04:00September 12th, 2014|Home Mortgage Tips|Comments Off

Scam Alert! Three Mortgage Modification Scams to Watch out for (And How to Avoid Them)

As if homeowners who are facing foreclosure don't have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim.

By Bill Lublin|2017-08-10T02:13:28-04:00August 13th, 2014|Home Mortgage Tips|Comments Off

Five Tips for Managing Your Monthly Budget to Ensure Your Mortgage is Paid On-Time, Every Time

Homeowners who are struggling to make their monthly mortgage payments can make it easier on themselves by cutting costs in other areas. Learning how to budget effectively will likely enable homeowners to pay their mortgage payments on-time, every time.

By Bill Lublin|2017-08-10T02:13:38-04:00August 6th, 2014|Home Mortgage Tips|Comments Off

What’s Ahead For Mortgage Rates This Week – July 28, 2014

Last week's economic news brought several housing-related reports, which indicated varying results in terms of gauging the economic recovery.

By Bill Lublin|2017-08-10T02:13:48-04:00July 28th, 2014|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – July 21, 2014

Last week's economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated manufacturing for their respective regions and new jobless claims were lower than expected.

By Bill Lublin|2017-08-10T02:13:57-04:00July 21st, 2014|Market Outlook|Comments Off