Repairs can affect your home purchase and mortgage loan!


When you buy a home, and repairs are needed, it’s important to make sure your Sales Agreement is written the right way. Here’s a few tips on what your mortgage lender will expect, and how to make your home loan process go smoother!

Market action causes lowest mortgage rates in history!


Unemployment numbers and issues in Europe this week have just caused U.S. mortgage rates to drop again to the lowest level in history. Even if you bought a home or refinanced in past two years, this is a big enough drop to warrant doing it again!

Why you should prioritize Housing over Stock Market


Did you know that the return-on-investment in housing can crush what you can expect to earn in the stock market? It doesn’t take a rocket scientist to figure this out. Watch today’s video for details. Mortgage rates holding at 60yr record lows!

Home Affordability Jumps with Record Low Mortgage Rates!


Did you know that right now, more people can afford to buy a home, than any previous time in history? Record low rates, and home values are helping many go from renting to owning!

Refinancing will Change or even Save your life!


Did you know that a simple action can forever change your life, and possibly even save it?  It’s true!  Watch today’s video as I give the details … you might be surprised!  Mortgage rates at new record low.

Everything is Improving in Housing – new record low mortgage rates!


Mortgage Rates just hit a new record low today, and everything else seems to be improving in housing. Realtor income rose for first time in 5 years, and the Home Affordability Index just hit a new all-time high. Great time to buy!

Home Repairs Required by Lender for a Mortgage Loan


Home Buyers ask me all the time about what repairs will be required before closing their home purchase. Here’s a list of the most common items, and a few strategies on how to pay for those. Mortgage Rates at Record Lows right now!

Sell a Home Faster with a Closing Cost Credit for the Buyer!


Many home Buyers have less cash to work with when purchasing a new home.  Here’s a great way for a Seller to not only help the Buyer, but also make their home more attractive and sell for a higher price!  Mortgage Rates at Record Lows right now!

3 steps to an easier home loan … Mortgage Rates at new record low!


Getting a home loan these days can be a painful process for many, but it doesn’t have to be.  Here’s 3 great tips on how to make your transaction go much easier.  Mortgage rates just hit new record low!

Buy a new home, even if you are upside-down on your current home loan!


Many Homeowners want to buy their dream home, but think they can’t because they are underwater on their current home.  Watch as I explain how it can be possible to make a move anyway!

Why did my home loan quote today change from yesterday?


How come you get a quote from a lender on Monday, and when you call back to lock on Tuesday, the rate is different?  Here’s a great explanation on what may have caused the change.

Best Mortgage Rates in History … thanks to Greece!


We have just been handed a gift by the Greeks once again.  This is the best time in history to lock a purchase or refinance loan.  Special deals for underwater homeowners and jumbo

How to Compare Mortgage Rates and Lenders the Right Way!


If you are shopping for a home loan, you MUST know how to choose your rate and lender.  Here’s some great tips on how to get the best possible deal, tailored to fit YOUR needs.  Rates at record lows!

Best Time in History to get a Home Loan – here’s why!


Contrary to popular belief, right now is the best time in history to get a home loan.  Watch today’s video as I explain why, and what changes are coming in the future for mortgages that will affect you!

Apply Again for a Mortgage Refinance After Denial, Rosemary Rugnetta, Freerateupdate.com


Despite what has been heard about the mortgage market for the past several years, it is not all gloom and doom for everyone. More homeowners are not underwater than there are those that are underwater. Even today, mortgage refinance applications are still up and providing existing borrowers the opportunity to obtain the current lower mortgage rates available. Applying again for a mortgage refinance after receiving a denial is a must for existing homeowners since there is a good chance for approval.

Many borrowers are or have been denied a mortgage refinance for some reason or other. The denial is often the result of a particular lender’s guidelines that were in place at the time of the mortgage refinance application. Lenders have what are called overlays for conforming mortgages which are additional guidelines on top of those issued by Fannie Mae and Freddie Mac. These are called the matrix in the lending world and differ from lender to lender. Each mortgage is approved or denied according to the matrix for that particular mortgage product. For this reason, when a borrower is denied by a lender, it should not be their final attempt. However, running from lender to lender is also not a good idea since each one will probably make a hit to the credit report which can ultimately damage the borrower’s credit scores. By inquiring for information online without using a social security number, the borrower may be able to find a lender who is able to help them. It is a much easier and efficient way of searching for help and more likely that the borrower will find success.

In some cases, it may very well be impossible at this time to refinance. Finding out the reason is important because it could be related to something on the credit report which the borrower can work on improving so that in several months they may be able to apply again for a mortgage refinance after receiving a denial. Whatever the reason is for being turned down, success is still a real possibility.

FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders’ rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard 0.7 to 1% point origination fee.