VA Loan Benefits

75 Years of VA Home Loan Benefits

How we help those who have served our country… We salute those who have served our country in war or peace, and we thank them for their sacrifice. 2019 marked the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for …

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Mortgage Rate Changes & Moving During A Pandemic

Where Are Mortgage Interest Rates? In case you haven’t heard, mortgage rates are at the lowest point in history. For the best qualified borrower rates and firmly below 3%. If your interest rate is in the mid 3’s or higher, it is worth reaching out to us to see if refinancing might make sense. Remember …

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Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real …

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Is Refinancing A Better Alternative Than A Mortgage Forbearance?

By now, If you are a homeowner and have a mortgage, you most likely have heard about the option for mortgage forbearance. The government, in their infinite wisdom, came up with this plan to allow homeowners to skip monthly mortgage payments for up to six months assuming that you have had a hardship related to …

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3 Things To Consider Before Requesting A Mortgage Forbearance

Our job is to help you navigate through one of the most important financial decisions you’ll ever make—purchasing or refinancing a home. Your trust in us is something we take very seriously as a mortgage professionals and because of this, we wanted to reach out and address a topic that we’ve seen a lot of …

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Thinking of Selling? Now May Be the Time.

The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence …

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Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern. Why ARMs Have …

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A Strategic Approach to Home Buying in 2023

Anticipating the Market Turn In the face of higher interest rates, a low inventory of existing homes, and the potential of a recession, 2023 presents a unique set of challenges for homebuyers. However, taking a strategic approach to these circumstances can offer distinct advantages for both first-time and move-up buyers. Currently, higher interest rates may …

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new mortgage fees

New Mortgage Fees – What Every Homebuyer Should Know

You’ve probably seen a lot of negative press lately about recent controversial changes implemented by Fannie Mae and Freddie Mac (the government-sponsored enterprises that buy and guarantee mortgages from lenders for mortgage borrowers). The take-away is that the changes in mortgage fees will benefit borrowers with lower credit scores and smaller down payments, while potentially …

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Annual Consumer Inflation Continues to Affect Mortgage Rates

Interest rates are hovering in the mid to high 6% range and all eyes are on the trajectory of inflation. The good news is that it continues to move down slowly. In February, the year-over-year reading for the Personal Consumption Expenditures (PCE) dropped from 5.3% to 5%, which is the fourth consecutive month in which …

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$5,000 First Time Homebuyer Grants Now Available!!

The Family Mortgage Team is proud to be able to offer an exciting new loan program that is launching in only six major Metro Areas, including Atlanta, and it is limited to only 12 lenders across the country. It is a Fannie Mae Conventional loan program that gives eligible first-time homebuyers a Grant of $5,250 …

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Mortgage Update – January 2023

As we journey into 2023, I decided to look back at the housing and mortgage predictions from our 2022 January newsletter. These prognosticators were clearly off the mark last year. Much of this was driven by the Federal Reserve’s poor communication. It really wasn’t until the spring that they even admitted that they were behind …

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3 tips on selling a home

3 Critical Tips If You Plan On Selling Your Home Soon 

Selling your home over the past two years didn’t require much thought or effort. The minute you listed your home, you would typically have 10-20 offers, many of them above your list price. Things have finally started slowing down. With prices skyrocketing over the past two years and interest rates finally making a move higher, …

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Credit Score Improvements & Renovation

New Credit Score Improvements & Home Renovations

Credit Score Improvements The CFPB (Consumer Financial Protection Bureau) shared a concern to the credit industry regarding medical debt and consumers. The director of the CFPB stated that 58% of the debt and collections on people’s credit reports is medical debt. As a result, the credit bureaus have agreed to alter the data reported on …

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