by James Crawford | Nov 15, 2021 | Featured, Mortgage News
The 30-year fixed-rate mortgage averaged 2.98% this week, according to Freddie Mac, due to a recent bond rally. This comes in spite of a re-acceleration of economic growth, so it’s unlikely to remain this low for long. For the week ending November 10, 2021:...
by Stephanie Crawford | Jan 25, 2021 | Home Buyer Info, Home Seller Info, Mortgage News
Right now we are working on a transaction where the appraisal was ordered two weeks ago, but it still hasn’t happened. What gives? It generally takes 30-45 days to move loan financing from contract to close. Part of the reason it takes so long is that the...
by Stephanie Crawford | Oct 7, 2019 | Home Buyer Info, Home Seller Info, Mortgage News
When you are a seller or a listing agent for a property, there are pros and cons to receiving an offer that includes FHA financing. Since the Great Recession, most listing agents have been displeased to see FHA offers. There are many reasons for this. One is that FHA...
by Stephanie Crawford | Dec 4, 2018 | Home Buyer Info, Mortgage News
These days, it’s a necessity that you consult with a mortgage broker in earnest before beginning your home search. It’s the smart thing to do. An offer that isn’t accompanied by a pre-approval letter is rarely considered. The experience...
by Stephanie Crawford | Nov 9, 2018 | Featured, Home Buyer Info, Mortgage News, Nashville Condos & Lofts
[Updated November 2018] Many buyers don’t know that buying a condo is unlike buying a single family home. Banks have different rules when financing condo units. It isn’t just about the Buyer and their qualifications; it’s also about the Building....
by Stephanie Crawford | Feb 8, 2016 | Featured, Mortgage News
Applying for a mortgage in post-recession America will be a bit more challenging than you might image. Getting a conditional pre-approval based on application and credit score is only the start of a rather involved process. All lenders are different in their document...
