Mortgage debt continues to rise among the nation’s homeowners age 65-plus. More than a quarter of the 80-plus crowd now has mortgage debt, according to findings by the Federal Reserve and Harvard University.
Tag: mortgage
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Black borrowers pay higher mortgage rates because they don’t refinance: ATL Fed
Some Black homeowners do pay higher interest rates on mortgages than non-white Hispanics, but a new report issued by the Atlanta Fed shows the reason isn’t the rule-of-thumb principle that had associated the cause with racial bias by lenders.
Posted inHome Mortgages, Thought Leader
Invest in Maintenance and the Right Renovations for Resale
Spending money to maintain your home isn’t as much fun as renovating it. But maintaining your home is critical to keeping its value and knowing which renovations add value is important before you undertake that expense.
Posted inHome Mortgages, Thought Leader
Interest Rates Inch Up
They say what goes up must come down. The reverse is true of mortgage rates. We’ve been enjoying historically low rates but it seems that they are on the rise.
Posted inHome Mortgages, Thought Leader
Survey Says Homebuyers Not Educated on Mortgage Process
If someone asked you what type of home you would like to buy, you’d probably know the answer. But if someone asked you what type of mortgage you want, could you answer the question just as quickly?
Posted inHome Mortgages, Thought Leader
Housing Market Turnaround Takes Time
The lack of construction right now could be in part due to the need for the employment rate to go up – and whether or not the growing workforce will move at the same pace of needed construction.
Posted inHome Mortgages, Thought Leader
Happy Employees Lead to Happy Customers
What’s the secret to building a successful company? Make your employees happy. A happy workforce raises sales by 37 percent, productivity by 31 percent and accuracy on tasks by 19 percent.
Posted inHome Mortgages, Thought Leader
Housing Takes the Lead in Economic Recovery
Housing is leading the way in the economic recovery because of the ripple effect it’s creating for corporations. The Wall Street Journal reported the phenomenon and explained how many corporations have reported increased sales and earnings as an effect of the housing market picking back up. “While the incoming data continue to be mixed, evidence […]
Posted inHome Mortgages, Thought Leader
The Digital House Hunt Increasing in Popularity
As consumers scan the Internet for best deals on products, informative how-to videos and advice columns, it should come as no surprise that they also use the Internet as a tool when making a significant financial decision like buying a home. Reports in 2012 showed an increase in homebuyers beginning their home search on the Internet. […]
Posted inHome Mortgages, Thought Leader
MLOs Will Become More Professional in 2013
If you want someone to renovate your house, you don’t just hire a neighborhood kid with a decent set of tools. You get references from your neighbors and hire a professional who is experienced at home renovation. So why should applying for a mortgage be any different? As we’ve written in a past Thought Leadership […]
Posted inHome Mortgages, Thought Leader
The Buyers and Sellers of 2012
The National Association of Realtors 2012 Profile of Home Buyers and Sellers is out and it offers some interesting insight on the market’s activity in 2012. The annual profile measures the demographics, preferences, motivations, plans and experiences of recent buyers and sellers. Research for this year’s report was conducted by distributing surveys to a sample […]
Posted inHome Mortgages, Thought Leader
Boomerang Buyers Ready to Enter the Market Again
Everyone loves a comeback story. A recent article in the Wall Street Journal reported on buyers that are making a comeback – “boomerang buyers.” These buyers aren’t new to the market but they are experiencing home buying differently the second time around – with a foreclosure in their past. While it seems like just yesterday […]
Posted inHome Mortgages, Thought Leader
3 Common Misconceptions About Buying a Home
By J.D. Crowe, Senior Vice President of Southeast Mortgage Working in the mortgage industry, I can’t believe how many customers are pleasantly surprised at their ability to purchase a home. Likewise, it is unnerving to hear how many misconceptions there are about what it takes to purchase in this economy. Here are some of the […]
