Fannie Mae’s HomeReady mortgage allows a home buyer to qualify using “boarder income”. What does this mean? Remember our favorite roommates Laverne and Shirley?
Archives for July 2016
How to reduce documentation for a refinance
July 11, 2016 by Leave a Comment
Many home owners in Washington state are looking into refinancing with how historically low mortgage interest rates currently are. The process of a refinance is very similar to that of when you obtained a mortgage to purchase your home…there is a lot of a paperwork and documentation required for the process. However…there are options you may have available to help reduce some of the documents that are typically required.
Mortgage Rates poised to move higher with Jobs Data
July 7, 2016 by Leave a Comment
Mortgage rates have been bouncing at historic lows following Brexit. Rates could bump higher following the Jobs Report which is scheduled to be released tomorrow morning.
Today’s ADP Report came in with stronger than expected employment data and last month’s Jobs Report came in worse than expected.
My advice? [Read more…]
Mortgage interest rates near all time record lows
July 1, 2016 by Leave a Comment
Yesterday Freddie Mac released their Prime Mortgage Market Survey revealing that mortgage interest rates are near all time record lows with the 30 year fixed rate mortgage averaging 3.48 with 0.5 points for the week ending June 30, 2016.
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