“”Until recently, borrowing money for a new kitchen, second-story addition, or other home improvement meant going to the bank, seeing a loan officer, and hoping for the best. Today, however, you have many more options. A mortgage broker, for example, can offer more than 200 different loan programs. And brokers are just one of the [...]

When showing your clients a home that needs repair or you are looking for a fixer-upper, get some information on our Federal Housing Administration (FHA) 203(k) renovation loans. These loans are perfect for a bargain hunter who has spotted a fixer-upper or a foreclosure in need of immediate repair, or a client who has found a home that would be ideal if only there were a third bedroom and a second bathroom.

Home Purchase w/ Remodel Loan. Basic understanding of our remodeling loan process is a good way to get plugged into what is required from you the homeowner during the process of the loan.

Well during the past year and a half the lending landscape home buying home buying has changed profoundly. Guidelines have been rewritten, loan programs completely canceled, “SO!” here we are. You can’t even get an equity line today! I’ve seen quite a few loan programs in my time in the lending industry.

Existing home sales jumped 7.2% in July - the biggest monthly gain on record. First-time homebuyers are purchasing about one third of all homes sold. This is largely due to the tax incentive, interest rates hovering at historic lows and housing affordability at its best level in more than a decade.

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Existing home sales rose 7.2% in July to a seasonally adjusted annual rate of 5.24 million units from a revised level of 4.89 million units in June.
July marks the fourth consecutive monthly increase in existing home sales and it was the largest monthly gain since recordkeeping began.
The National Association of [...]

With more than 40 million Americans moving each year, the Department of Transportation (DOT), which oversees the moving industry, receives up to 4,000 complaints each year. Most of these complaints stem from damaged goods and overcharging. If you have clients planning a move, here are some important tips they should consider.

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On Monday, August 3, the Commerce Department reported total construction spending rose 0.3% in June to $965.7 billion.
Economists had expected a 0.5% decline. Meanwhile, construction spending in May was revised slightly upward to a 0.8% decline.
The Institute for Supply Management reported the monthly index of manufacturing activity rose to 48.9 in July from [...]

Changes to the Truth in Lending Act:
What You Need to Know!
Regulation Z of The Truth in Lending Act (TILA) has undergone important changes that you need to know about when talking to your clients.

On Monday, July 27, the Commerce Department reported new home sales jumped 11% in June
to a seasonally adjusted annual rate of 384,000 from an upwardly revised rate of 346,000 in May. It was the largest monthly increase in more than 8 years. Economists had expected a sales pace of 360,000 units.
The Standard & Poor’s / [...]