1. Refinancing Still Makes Sense for Many

    Everyone is watching the Olympics, and many refinancing is not a huge priority. Why would anyone even think of refinancing their mortgage in the middle of winter, after rates have gone up slightly? Yet American Mortgage Corporation is fielding calls from plenty of borrowers looking to do exactly tha…Read More

  2. Getting A Mortgage When You Have No Credit

    First-time home buyers face challenges that more experienced home buyers do not. For example, a first-time home buyer may not be able to show the same stable work history that a more experienced buyer can show; and a first-time home buyer not have as much money saved. But, perhaps, the biggest diffe…Read More

  3. Whether You Rent or Buy: Either Way You’re Paying a Mortgage

    There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortgage p…Read More

  4. The Federal Reserve has decided to raise mortgage interest rates.

    Fed Hikes Mortgage Interest Rate, Projects More Increases In 2017 The Federal Reserve raised the Fed Funds Rate at its December 2016 meeting. Adjourning from a 2-day session, the nation's central banker voted to increase its key interest rate to a range near 0.50%. It's the first hike in 2016, and o…Read More

  5. Qualifying For A Mortgage After Bankruptcy

    Bankruptcy Is Not The End For most people, the idea of filing for bankruptcy can be scary. The term “going bankrupt” just sounds frightening. For those considering bankruptcy, many questions are likely to come to mind. For example: How will bankruptcy affect my credit scores? How long will it ta…Read More

  6. How to buy home with little, no money down

    How to buy home with little, no money down. Homeownership in the United States has fallen to a generational low, and a big reason for this is a lack of first-time homebuyers. In a recent survey by Trulia, 54% of renters cited "saving enough for a down payment" as their biggest obstacle to homeowners…Read More

  7. 2016 Will Be A Breakout Year For FHA Buyers

    FHA Approvals In Reach For More Buyers FHA loans have long been one of the most popular mortgage types available. Roughly one quarter of all mortgage applicants will opt for an FHA loan because of its buyer-friendly guidelines according to mortgage software company Ellie Mae. FHA was designed to hel…Read More