Blog :: 01-2014

Home sales: Best year since 2006

Homeowners sold 5 million homes in 2013, a rebound year for the industry that marked the highest level of sales since the housing boom year of 2006.

The report from the National Association of Realtors showed that there were 5.1 million previously owned homes sold in the year, up 9.2% from 2012 and up nearly 20% from 2011.

December sales [...]

What the New Mortgage Rules Mean for You

New mortgage lending rules are going into effect Friday that aim to put an end to the worst mortgage lending abuses of the past.

The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which [...]

Here's how one positive credit habit could prevent you from getting a mortgage

Here's how one positive credit habit could prevent you from getting a mortgage

Here's a scenario that might surprise you: Your credit cards don't have balances, yet your mortgage application can still be in jeopardy. Doesn't make sense, right? Yet here's an obstacle lenders encounter when trying to qualify you for a mortgage and you have [...]