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Millennial Home Ownership Survey
There are some interesting facts and observations in an August article documenting survey results from Millennial home buyers. Here’s a link to the full study from lendedu.com. 1,000 people aged 23...
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Is It Time to Refinance An FHA Mortgage?
As discussed previously, using an FHA loan to buy a home makes sense for home buyers with relatively low credit scores and limited down payment funds. FHA loans offer very attractive pricing for these...
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Home Affordability at its Highest Point in Years
According to a recent report by Black Knight, Inc., home affordability reached its best level in years in August 2019. This follows a consistent decline in home affordability from late 2016 through...
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The Mortgage World and COVID-19…
The Mortgage Blog has documented the recent rapid swings in mortgage interest rates based on COVID-19 economic impacts. Now let’s look at some positive (non-interest rate) news from the mortgage...
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Millennials and Home Ownership
Millennials are the largest generational group in US history. This year, the largest section of Millennials will turn age 30, entering what many consider to be “prime homeownership years.” So how is...
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Decreasing Use of FHA Financing
A recent National Association of Realtors (NAR) economist blog noted that 24% of first-time home buyers obtained FHA financing in January, while 59% obtained conventional mortgage financing. This is...
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20% Down is Not Required
I know I posted this information about a year ago, but I hear this myth so often in the mortgage market, I will keep repeating this…..You do NOT need 20% down to buy a home! According to recent...
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