Finance
Reverse Mortgages: Unlocking the Equity in Your Home—Without Selling
For many homeowners, a large portion of their wealth is tied up in their home.
The LuxeRates Guide
The LuxeRates Guide
Plain-English mortgage advice, market updates and home-buying tips from the LuxeRates team.
Mortgage
DSCR Loans Explained: A Smarter Way to Finance Investment Properties
If you’re looking to grow your real estate portfolio—or even purchase your first investment property—you’ve likely run into one major hurdle: qualifying for…
Finance
Consumers Save $10,662 Working With a Mortgage Broker
A recent study by Polygon Research, supported by Willow Canyon Advisors and United Wholesale Mortgage (UWM), reveals that consumers save an average of…
First Time Home Buyer
Major Changes in Real Estate Industry: National Association of Realtors Settles Commission Lawsuits
The real estate landscape in the United States is on the brink of significant transformation as the National Association of Realtors (NAR) recently agreed…
FHA
New FHA Program Offers Temporary Mortgage Relief Amid Rising Interest Rates
The Federal Housing Administration (FHA) has introduced a new initiative known as the Payment Supplement program aimed at assisting struggling borrowers by…
Mortgage
Investors scooping up low priced homes
Investors are increasingly scooping up low-priced homes, according to a new report from Redfin.
Finance
Fact-checking the confusion around changes to mortgage fees based on credit scores
A change to Loan Level Price Adjustments (LLPAs) by Fannie Mae and Freddie Mac in January 2023 has caused confusion among borrowers.
Finance
The U.S. housing market will continue to be impacted by 3% mortgage rates as homeowners are unwilling to sell and lose their low rates.
The US housing market is being impacted by higher mortgage rates and a lock-in effect, which is constraining both buyers and sellers.
FHA
FHA Loans Are Getting Cheaper
It has been announced that the annual mortgage insurance premium will be reduced by 0.30 percentage points, from 0.85% to 0.55% for most new borrowers,…
Tips
Tips to Help Improve Your Credit Score
Here are some basic tips that can help improve your credit score: Remember, improving your credit score takes time and effort.
Consumer Price Index
Inflation remains too high
The Federal Reserve aims to maintain an annual inflation rate of approximately 2% at the core level, which is an economic measure that excludes volatile…
Pros and Cons
Pros and Cons of a Temporary Interest Rate Buydown
A temporary interest rate buydown is a type of financing option where a homebuyer pays an up-front fee to lower the interest rate on their mortgage loan for…
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