Spring has sprung, and so have home prices in many areas. A drop in the number of homes for sale has fueled a new round of bidding wars in some regions, and more homes are selling for above their asking prices, even with higher mortgage rates. Homes are selling faster, too, with almost 50% of homes selling within two weeks.
At MortgageDepot, we are thrilled to announce that coops are now eligible for our bank statement program. This exciting development opens up new avenues of financing for cooperative housing in the vibrant boroughs of New York. If you’re looking to secure a loan for a coop, we are here to help you navigate the process … Read more
Many people dream of buying a home. While purchasing a property is an exciting life milestone, it’s also complicated. First, there’s the struggle of finding a place that actually fits your unique needs and price point. Then, there’s the paperwork. Buying a house requires you to complete a lot of documentation, which can get confusing. … Read more
Recently released figures has revealed that Mortgage Choice has above-average female broker representation compared to the rest of the mortgage broking industry. However, while the Australian broker network’s Aspire program and female-focused recruitment campaign has made inroads towards increasing the number of women brokers, Mortgage Choice concedes that “there is still a long way to … Read more
Now it’s time to take a look at the top mortgage lenders in Florida based on 2022 volume. The Sunshine State is the biggest mortgage market outside of California, with about a 8% share of the national market. In 2022, roughly $228 billion in home loans were originated there during what was a bittersweet year … Read more
The Bank of Canada’s June rate hike served as a splash of cool water to recent housing market strength as home sales moderated in June and prices edged down compared to May. However, with June sales still up 1.5% from May, BMO economist Shelly Kaushik notes “it seems that one rate hike was not enough … Read more
The benefits of homeownership involve more than simply putting a roof over your head. The goal of buying a house will be less meaningful until you understand the true value behind this investment. It isn’t simply to achieve the “American dream”! Instead, buying a home unlocks a slew of advantages that can benefit not just … Read more
Rural properties offer a unique opportunity for those seeking a quieter, more peaceful lifestyle away from the hustle and bustle of city living. However, obtaining mortgage financing for a rural property can be a challenge. We take the challenge out of getting mortgage financing for a rural property and provide solutions to help you secure … Read more
In the U.S., the average monthly mortgage is $1,609, but this can fluctuate according to the downpayment amount, length of a mortgage, the buyer’s credit history, and the location of residence. However, no matter how much you pay each month, you always have one goal: to pay off your house. If you want to get to full … Read more
ASIC disqualified five SMSF auditors and imposed additional conditions on three SMSF auditors between April 1 to June 30 for breaches of their obligations. This included breaches of auditing and assurance standards, independence requirements, registration conditions, or because the regulator was satisfied the individual was not a fit and proper person to remain registered. The … Read more