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Tips for First Time Home BuyersWhen looking at tips for first time home buyers, you've come to the right place. Many people are looking all over the Internet for reliable information. There's over 761,940 websites (as of March 05) with information or online forms urging you to fill them out for more details. While I certainly agree the Internet is a great place for obtaining tips for first time home buyers, it can also become a real information overload as well. So I want to give you some tips that can help in your search. Tips for First Time Home Buyers #1 Don't be too quick! Avoid giving out your personal information like Social Security number, date of birth etc. at every website that asks for it. This is the single biggest mistake I've seen made. Some first time home buyers in their zeal to get started do this. The problem is this, many sites will require this information before they'll give you any details. They start out with a simple, name and address screen, then lead into screens that ask for more personal details. At all costs, hold off giving out this private information. You will have to at some point in time. Not until you've learned about the mortgage process should you do this. What happens when you fill in the forms online? Your e-mail box will be flooded with loan offers. Many places tout they'll have 4 lenders or even more give you quotes. Guess what? Nearly every one of these lenders are going to run a credit report. If you have numerous inquires in your credit in one month, this can affect your credit score. Another reason to be careful here is that most of these websites are lead generators. The company or webmaster will sell your information to one or perhaps even more sources and then we have a BIG problem. It can costs you in your credit score. The lower your credit score, the higher your interest rate will be. The higher your credit score the lower your interest rate. Tips for First Time Home Buyers #2 Work with someone you trust. How can you determine if that person is honest and trustworthy? Listen to them closely. Are they trying to hurry you along to get your personal information? Or are they taking the time to explain things and help you to understand exactly what you're about to get into? Buying a home is the single biggest investment most people make in their lifetime. Then afterwards, managing that debt is important also. You want to work with someone who will help you do this. They should be interested in a long term relationship with you. Over your lifetime you'll get more than 1 mortgage. I know, it's hard to imagine that now, but statistic's show that on average people move or get a new home loan about every 7 years. Having someone you trust, that has your best interest is what you need. I look at it this way, if I do a good job for you, you might tell 1-2 of your friends. If I did a bad job for you, you'll tell 100 of your friends. I build my mortgage business 1 loan at a time. I love referrals so I take a personal interest in each and every borrower. My customers talk about me to their friends!! Tips for First Time Home Buyers #3 Choose your Loan Officer wisely. Now because of the Internet, home lending has become a big business. Mortgage Brokers and Lenders have popped up everywhere. Many have also fallen by the roadside at the same time. The money business is HUGE! Did you know that over 1.3 TRILLION dollars changes hands around the globe everyday?? When you start to think about it, it staggers your mind. Your First Time Home Buyers loan is just a very small part of daily business. There's a big difference between a lender and a broker. Brokers are middle men between you and the lender. They get paid for brokering your loan. They also can help you get loan offers from many lenders. Since the mortgage broker gets wholesale pricing, this can be good if it's done without running your credit every time. That's why I say choose your Loan Officer wisely. Many times when working with a broker, you may not know who your lender is until the day of closing. Again, this is still alright if your loan is locked, you know all the details of the loan product and so forth. What's important is that the Loan Officer has revealed all the correct information. Is it a fixed rate loan? Is it an ARM? Is the interest rate what he quoted you in the beginning?? I can't tell you how many times I've heard horror story's about last minute changes. The buyer finds out that their closing costs are more, the interest rate is higher etc. When you're at the closing table, the buyer's there, the seller and the realtors. What are you going to do?? If you go ahead and close because the pressures on, it's going to cost you thousands of dollars over the years. Many ruthless loan officers have done this to First Time Home Buyers and just don't care. They may never see your face anyway. You're just a paycheck to them. Working with someone you trust can help avoid this problem and save you money. Dealing with a loan officer who is on your side will protect you. Nevertheless if you've been taken advantage of, this is a RESPA violation and they should be reported. Jeff Ragan is a loan officer interested in helping people understand the mortgage process. Too many people have been taken advantage of by unscrupulous loan officers. His website has dozens of informative pages to help first time home buyers save time, money and mistakes. Feel free to visit at http://www.jeffreyragan.com
 MORE RESOURCES updated Thu. February / 21 / 2019Refinance mortgage rate advances for Tuesday Bankrate.com Refinance rates were mixed, but one key rate floated higher. See what that means for your chances of getting a better mortgage rate. Refinance Share Jumped in January as Mortgage Rates Moderated Mortgageorb The refinance share of mortgage originations increased to 35% in January, up from 29% in December to reach the highest level in nearly a year, Ellie Mae's ... Refinance rates tick higher for Monday Bankrate.com Multiple closely watched refinance rates moved higher today. If you're in the market for a home loan, see how your payments might be affected. 7 charts showing where mortgage lending is headed in 2019 National Mortgage News From FICOs to purchase volume, here's a look at seven mortgage lending trends that will shape the housing market this year. Here's why the housing market should expect a cash-out refi boom HousingWire Home equity levels are climbing while mortgage interest rates are falling, and this has some experts predicting an inevitable boom in cash-out refinances. Greystone Bassuk Arranges $184 Million Refinance for Two Luxury Rental Buildings in Manhattan for Gotham Organization, Inc. GlobeNewswire NEW YORK, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Greystone Bassuk, a leading New York-based real estate finance advisory firm, today announced the ... Refinance rates tick higher for Tuesday Bankrate.com Multiple benchmark refinance rates notched higher today. See what that means for your chances of scoring a killer refi rate. Refinancing Your Home Tips: Mortgage Rates Chase vs. Mortgage Rates Wells Fargo? INQUIRER.net We will be discussing tips on refinancing your home and comparing the mortgage rates offered by Chase to those avaiable from Wells Fargo. Refinance rates advance for Saturday Bankrate.com Multiple closely watched refinance rates notched higher today. If you're shopping for a refi, see how your finances could be affected. CBK rules set the stage for mass mortgage financier Daily Nation Central Bank of Kenya (CBK) has published draft regulations for mortgage refinance companies (MRCs), setting the stage for creation of a State-backed firm that ... Refinance rates hold steady for Friday Bankrate.com Several benchmark refinance rates held steady today. See what that means for you if you're in the market for a mortgage. HomeStreet's exit from mortgages present opportunity for Hawaii lenders Pacific Business News (Honolulu) The sale of HomeStreet Bank's residential mortgage business opens the possibility for Hawaii banks or mortgage lenders to expand. Refinancing: Definition, How It Works and Tips To Use in 2019 TheStreet.com One day you wake up in the morning, check your household bills, and decide that your loans are just too expensive. Your next thought? What to do about that ... New Rules for VA Loan Refinances Military.com In a move designed to protect veterans from unscrupulous lenders, the Department of Veterans Affairs is announcing changes to a popular type of VA home loan ... Refinance rates fall for Wednesday Bankrate.com Multiple benchmark refinance rates declined today. Nationwide averages for 30-year fixed and 15-year fixed refinances both slid down. The average rate on ... Despite falling rates, U.S. mortgage applications fall again Reuters NEW YORK (Reuters) - U.S. mortgage applications declined for a fourth consecutive week even as some home borrowing costs fell to their lowest levels in more ... Mortgage applications pull back 2.7% as rates turn higher again CNBC The change was tiny, but so many borrowers have already refinanced at rock-bottom rates that there is a very small pool of those left who can still benefit from a ... PIF-backed Saudi mortgage refinancing firm to expand offering in 2019 The National Saudi Real Estate Refinance Company, which is owned by the kingdom's sovereign wealth fund, expects to issue its first public sukuk this year and a second ... HomeStreet Bank moves to sell off almost entire mortgage business HousingWire After struggling to keep up with the mortgage business' new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank ... Mortgage rates move higher for Tuesday Bankrate.com Several benchmark mortgage rates rose today. The average for a 30-year fixed-rate mortgage were higher, but the average rate on a 15-year fixed dropped. LendingTree: Share of borrowers with interest rates under 5% climbs HousingWire The share of borrowers with interest rates under 5% is growing, signaling Americans are getting more bang for their buck. According to LendingTree's Mortgage ... VA Announces New Safeguards On Home Refinancing Patch.com VA Announces Interim Rule On Home Refinancing - Across Texas, TX - The rule will help protect Veterans from predatory refinance practices and minimize risk ... Using a Home Equity Loan to Pay Off Debt Credible News Paying down high-interest credit card debt or other loans can be tough, especially if you have other responsibilities like a student loan, car loan — and even a ... ‘The bottom is here’: Surprise drop in mortgage rates opens homebuying affordability window Bankrate.com An unexpected drop in mortgage rates in late 2018 has galvanized some homebuyers into action ahead of the busy spring sales season, spurring an early rush ... Prosperity Mortgage Teams Up With Cultural Outreach PR Web Washington, D.C. (PRWEB) February 20, 2019 -- National mortgage lender Prosperity Mortgage, LLC has partnered with Cultural Outreach to offer its loan. VA Issues Interim Final Rule on Cash-Out Refi Loans National Mortgage Professional Magazine The U.S. Department of Veterans Affairs (VA) has published an interim final rule on VA-guaranteed cash-out refinance loans that is designed to establish greater ... Investors Pile Into This Mortgage Backed Securities ETF ETF Trends Amid a more sanguine outlook for U.S. interest rates this year, which is helping steady mortgage applications, investors are seeking lower risk, yield-driven ... PMRC, HBFC sign Master Refinance agreement Business Recorder Pakistan Mortgage Refinance Company Limited (PMRC) has signed Master Refinance Agreement with House Building Finance Company Limited (HBFC) in a ... Mortgage refinance applications hit 18-year low CNBC Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ... Mortgage refinancing spree becomes a race against the clock Bankrate.com Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ... Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind. Feds: Mortgage exec pleads guilty to $8.9M fraud Newsday A Nissequogue man pleaded guilty in federal court Tuesday to conspiring to commit wire and bank fraud by diverting $8.9 million in loans — money that his firm ... Self-Storage Owner Nabs $235M in CMBS Debt for National Portfolio Commercial Observer Citigroup and KeyBank have teamed up to lend $235 million to SmartStop Asset Management in a CMBS deal. Moody's predicts rise in mortgage delinquencies Mortgage Professional America Moody's Investors *Service* has predicted that loan delinquencies for household debt will rise in the coming quarters. The Federal Reserve Bank of New York ... Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ... TRANSACTIONS: Eastern Union Funding deals run real estate gamut Real Estate Weekly Eastern Union Funding announced the following transactions: • A $25,214,000 first lien mortgage for the acquisition of a mixed-use property on 3 Rivers N in ... Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ... Weekly refinance demand plummets as mortgage rates hit a 5-week high CNBC A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the ... Should You Refinance Your Mortgage? Forbes Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ... Refinance mortgage rate moves lower for Wednesday Bankrate.com Refinance rates were mixed, but one key rate trended down. If you haven't locked a refi yet, see how your payments might be affected. What to Do About the New Subprime Boom Bloomberg After the subprime-mortgage mania of the 2000s ended in a global disaster, the U.S. government took steps to improve the way it manages the financial system. Mortgage applications fall, as refinancing hits 20-year low CNBC A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Refinancing activity in the US just plunged to the lowest level in over a decade Business Insider Refinancing activity plunged to the lowest level since 2000 as interest rates rise. Government Shutdown Avoided, Consumer Sentiment Jumps – Market Update Zing! Blog by Quicken Loans Government remains open for business. Meanwhile, consumer sentiment was up and prices were flat. Read on for Market Update! America's Roundup: Dollar rises vs yen after Fed minutes, Wall Street ends higher, Gold steadies, Oil settles 1 pct higher on hopes of market rebalance, trade deal-February 21st, 2019 EconoTimes Market Roundup. • Fed policymakers saw little risk from patient stance: minutes • Fed minutes leave questions on balance sheet, patience • Trump threatens ... Refinance mortgage rates mixed for Tuesday Bankrate.com Refinance rates were mixed today. If you're in the market for a refi, see how that could affect you. Refinance mortgage rate dips for Tuesday Bankrate.com Refinance rates were mixed, but one key rate decreased. If you're in the market for a home loan, see how your payments might be affected. Refinance mortgage rate moves higher for Monday Bankrate.com Refinance rates were mixed, but one key rate trended upward. If you're in the market for a mortgage, see how your payments might be affected. How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ... TFS Financial (TFSL) Issueds New 1-Year High at $17.01 BharataPress TFS Financial Co. (NASDAQ:TFSL) hit a new 52-week high on Tuesday . The stock traded as high as $17.01 and last traded at $17.02, with a volume of 139785 ... Refinance mortgage rates mixed for Saturday Bankrate.com Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage. SmartStop taps CMBS to help finance merger of two self-storage REITs Asset Securitization Report SmartStop Asset Management is tapping the securitization market to help finance the $350 merger of two real estate investment trusts that it manages, cashing ... Refinance mortgage rate slides for Friday Bankrate.com Refinance rates were mixed, but one key rate slid lower. If you haven't locked a refinance yet, see how your finances could be affected. Factors to weigh when considering whether to refinance your home Washington Post REAL ESTATE MATTERS | If you can lower your interest rate, that's good. But you also have to look at your monthly payment. Will your new monthly payment be ... Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ... Refinance mortgage rates mixed for Monday Bankrate.com Refinance rates were mixed today. If you're shopping for a mortgage, see how your payments might be affected. Refinance mortgage rate ratchets higher for Thursday Bankrate.com Refinance rates were mixed, but one key rate climbed. If you're shopping for a mortgage, see how your payments might be affected. Refinance mortgage rate falls for Friday Bankrate.com Refinance rates were mixed, but one key rate declined. If you're shopping for a mortgage, see how your payments might be affected. Refinance mortgage rates mixed for Friday Bankrate.com Refinance rates were mixed today. If you haven't locked a refinance yet, see what that means for you. Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance Bankrate.com As the partial government shutdown drags on with no end in sight, furloughed federal workers are faced with mounting financial obligations and a variety of relief ... Refinance rates retreat for Monday Bankrate.com Multiple benchmark refinance rates tapered off today. If you're in the market for a mortgage, see how your payments might be affected. Refinance mortgage rate moves up for Friday Bankrate.com Refinance rates were mixed, but one key rate advanced. If you're in the market for a home loan, see what that means for you. How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ... Thinking of Refinancing Your Mortgage? Check These 4 Financial Areas First Forbes Refinancing your mortgage can be a great way to save on your monthly payment or to change up the terms of your loan. However, while it's a financial move that ... Refinance rates tick lower for Thursday Bankrate.com Several closely watched refinance rates dropped today. See what that means for you if you're in the market for a mortgage. Refinance rates drop off for Monday Bankrate.com Multiple benchmark refinance rates sunk lower today. If you're shopping for a refi, see how that could affect you. Refinance rates decline for Wednesday Bankrate.com Several key refinance rates were down today. If you're in the market for a home loan, see how your payments might be affected. With today's mortgage rates, you can still refinance for lower payments. Here's how | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Many homeowners refinance for lower payments or interest rates. Here's what you need to know about your options and some pitfalls. Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you have been wanting to refinance but had a hard time getting approved, 2019 might be your year. Lenders are allowing higher debt-to-income ratios, ... Credible Expands Their Marketplace Into Mortgage Refinancing Lend Academy Credible made a name for themselves in student loans. They are the first and largest marketplace for people looking to refinance their student loans. Borrowers ... Refinance mortgage rate trends higher for Thursday Bankrate.com Refinance rates were mixed, but one key rate notched higher. The nationwide average for a 30-year fixed-rate refinance rose, but the average rate on a 15-year ... Refinance rates slide for Saturday Bankrate.com Multiple closely watched refinance rates were down today. If you're in the market for a refinance, see how that could affect you. Refinance rates move up for Thursday Bankrate.com Several closely watched refinance rates advanced today. If you're in the market for a mortgage, see how your payments might be affected. 3 Signs You Should Refinance Your Mortgage The Motley Fool Refinancing at the right time can save you thousands of dollars a year. Refinance rates increase for Saturday Bankrate.com Multiple benchmark refinance rates moved higher today. See what that means for your refinance chances. Refinance mortgage rates mixed for Thursday Bankrate.com Refinance rates were mixed today. If you're in the market for a home loan, see how your payments might be affected. Are Fewer Mortgage Applications or Tighter Credit Conditions Driving the Ongoing Declines in Mortgage Demand? CoreLogic Property News Data for lending to households and businesses data for December 2018 was released earlier this week. This data series replaces the old housing finance and ... Refinance rates slide for Monday Bankrate.com Multiple benchmark refinance rates ticked downward today. If you're in the market for a home loan, see what that means for you. Mortgage application activity rises on uptick in refinance volume National Mortgage News An increase in refinance activity in the period after Columbus Day drove mortgage applications 4.9% higher from one week earlier, according to the Mortgage ... When to refinance: I need to lower my mortgage rate or payment | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you're wondering when to refinance, consider your objectives and see if you'll pay less interest, reduce your payment, or lower your overall costs. How Long Does It Take to Refinance a Mortgage? Realtor.com News How long does it take to refinance a mortgage? Refinancing should take anywhere from 30 to 45 days on average, although that can stretch to 60 days if you hit ... Texas cash-out refinance: new laws you need to know | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Cash-out refinance Texas rules for homeowners in Texas. Texas cash-out refinancing is different from other states and you'd better know the rules before taking ... Do I need an appraisal to refinance my home? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Do you need a home appraisal to refinance your mortgage? Not necessarily. Here's what you need to know about conforming, USDA, FHA and VA refinances ... Refinance rates trend higher for Tuesday Bankrate.com Several closely watched refinance rates rose today. If you're in the market for a mortgage, see what that means for you. Mortgage rates are on the rise. Here are some tips for getting the lowest rate. The Washington Post The 30-year fixed-rate average hit a seven-year high last week. But that doesn't mean you still can't get a low rate when buying a home or refinancing a loan. Refinance mortgage rate trends higher for Tuesday Bankrate.com Refinance rates were mixed, but one key rate were higher. The national average for a 30-year fixed-rate refinance advanced, but the average rate on a 15-year ... Refinance mortgage rate ratchets higher for Friday Bankrate.com Refinance rates were mixed, but one key rate increased. The average rate for a 30-year fixed-rate refinance advanced, but the average rate on a 15-year fixed ... When Is a Cash-Out Refinance Loan a Good Idea? U.S News & World Report Money Tapping the equity in your home to get cash can be a smart move, but only if the cash is used for the right purpose. Refinance rates increase for Tuesday Bankrate.com Multiple benchmark refinance rates increased today. See what that means for you if you're in the market for a home loan. How to use a cash-out refinance to buy another home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Can or should you use a cash-out refinance to buy another home? Maybe, if that's the most cost-effective source of a down payment or even the whole purchase ... Best Mortgage Lenders Bankrate.com The best mortgage lender isn't the same for everyone.That's why we compiled a list of best mortgage lenders for first time home buys to those looking for their ... Refinance rates drop off for Thursday Bankrate.com Multiple key refinance rates receded today. If you haven't locked a refinance yet, see how your finances could be affected. Shutdown Impact Spreads: Government Furloughs Put Some Mortgage Deals In Limbo NPR The partial shutdown of the federal government is causing some financial problems for furloughed workers who can't refinance their mortgages or buy homes ... Government shutdown and mortgage news: Things just got tougher for mortgage applicants | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports What's happening with the government shutdown and mortgage closings? Find out how you will (or won't) be affected. Why refinance now? Because your home equity, credit scores are higher than you think | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Even if you were turned down for a mortgage refinance when rates were at their lowest, you may still be able to benefit. Credit scores and home equity are on the ... Refinance rates move lower for Saturday Bankrate.com Multiple benchmark refinance rates trended down today. If you're shopping for a refinance, see what that means for you. Premium Title Publishes White Paper on Blockchain Disrupting the Title and Settlement Industry GlobeNewswire The benefits of blockchain as a solution for title and escrow transactions and necessary obstacles to overcome. 3 mistakes to avoid when getting a second mortgage | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Second mortgages are loans against your home taken out after your primary home loan (your first mortgage). Thy can be a great source of cheap money, but ... Cash-out refinance to buy a car (or pay one off) | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Is taking out a cash-out refinance to buy a car or a cash-ut refinance to pay off your car a good idea? Only in very specific cases. Here are some better ... Best cash-out refinance lenders 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you want to pull equity out of your home in 2019, check out this list of best cash-out refinance lenders. Because mortgage rates and costs for cash-out ...
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