Big or Small Down Payment? What’s Best For You, Based on Rates, Location, Retirement and More!

  If you’re a regular reader of this blog, you’ve probably heard us advise to put down 20% or more on a down payment if possible. We highly recommend this option if possible…but the truth is that there are some cases where putting down a smaller down payment is a better option for you. It’s […]

The Countdown Is On! How to Find and Close a New Home Before Your Pre-Approval Expires!

  So you’ve been approved for a mortgage. Congratulations! It may be tempting to take a break…after all, you’ve done a lot of work researching your best loan options and getting your paperwork together.  But you shouldn’t slack off yet!   A Pre-Approval Letter doesn’t last forever. In fact, it usually only lasts between 60 […]

Are You Buying A Home in A Hurricane Zone? Do You Own in A Hurricane Zone? 4 Things To Know!

  Hurricanes have been in the news and, if you believe the news, they will continue to be for years to come. This is obviously a concern for residents of the Atlantic Coast and Gulf Coast. Even New Englanders saw the impact of Hurricane Sandy. More than 112 million Americans live along the Atlantic Coast, […]

Uber, Lyft, Airbnb…How to Get A Mortgage While Working The “Gig Economy”

  Freelancers have long gotten by without a salary. They offer their services to clients on a case-by-case basis, manage their revenue, pay their taxes, and strategize to ensure they have enough to get by. They refer to themselves as “self-employed.” A new classification of freelancers has emerged in the past decade, however: The “gig […]

#FakeNews and Mortgage Lending: Learn The Truth and Save Big on New Homes

  It’s been the most popular hashtag of the past few years: “#FakeNews.” Reach Home Loans is definitely not going to get into a political conversation here, but we know that there is plenty of #FakeNews floating around the internet, especially when it comes to our industry—mortgage lending.   Sometimes believing #FakeNews makes you look […]

Banks Vs. Non-Banks: Which is Better for YOUR Mortgage Needs?

  If you want to buy a home, odds are that you’ll need a mortgage to help you afford it. If this is the case, here’s first question you’ll answer in your mortgage search: “Do I want to use a bank or non-bank lender?” Many people assume that banks are the way to go. After […]

4 Ways Realtors Save You Time and Money When Buying A New Home

  On any given day, you can drive around and see “For Sale” signs and advertisements for open houses. You can literally walk into almost any property and make a bid. So why would you hire a Realtor?   We’ve got four answers to that question, in terms of how a Realtor helps you as […]

Fed Hints At Rate Rises “Fairly Soon,” Mortgage Market Reacts

This week’s mortgage rates gravitated around the Federal Reserve…which seems like one of the more obvious sentences that we’ve ever typed. But what if we told you that rates also reacted to the state of the bond market? Yeah, still doesn’t seem like anything too dramatic, but don’t let the “normal” news mislead you: Rates […]

Three-Month Low, Three-Week High: Mortgage Rates in February

No sooner do we get done sharing some good news with you that things reverse direction. Last Thursday we reported that a few days of dropping rates had brought the average offering down to a three-month low. The very next day began what is currently a five-day streak of rises, resulting in what is currently […]

Peace of Mind as Rates Back Down to 3-Month Lows

Who knows what to believe anymore? This isn’t a comment on political opinions (you can go to other blogs for that). This is a comment on finance, and what-the-heck is going on with mortgage rates. Not that we—nor homebuyers—should be complaining. All indications seemed to suggest that things were only going to go up from […]

Nature of The Beast: Good Jobs Mean Worse Mortgage Rates

One of the hottest topics of any given election season is the unemployment rate and which candidate is going to do more to improve it. The logic typically flows that voters will opt for the politician who has more promise for lowering that rate. Of course, if those voters are in the market for a […]

Week Almost Guarantees Mortgage Rates Won’t Return to Former Lows

There’s no use trying to sugarcoat it this week: The trend is upward, not down. Predicting such things is usually a conservative game—don’t predict as much as report what’s already happened—but there doesn’t seem to be much chance of rates dipping below 4 percent again during 2017 (now, the reason why prognosticators take such a […]