Gary Pierpont Blog

Nick Clements, writing for Forbes, examines the complex credit-scoring system the mortgage companies use when qualifying you for a mortgage. More, here.

 

Making a cash purchase for a house, then securing a mortgage later is the focus of a new article on Forbes. Read more, here.

 

Money magazine offers some sound advice on reasons when you should not refinance. More, here.

 

Vanessa McGrady at Forbes has a piece identifying cities with a high rate of “mortgage stress”(when a mortgage payment is higher than 28% of income). San Francisco was at the #1 slot, with Detroit coming in at the bottom. See the entire list along with the other survey results, here.

 

Scott Loney And Alicia Worley have a piece in The Daily Republic reiterating the importance of working with a real estate professional. More, here.

 

Diana Olick, has a piece on CNBC explaining how the Fed’s decision to raise rates may (or may not) affect the housing market, mortgage rates, etc… More, here

 

In a report released today, Freddie Mac predicted that this year will be the best year since 2006 for home sales. They also predict that rates for 30-year fixed rate mortgages will drop to a 40-year low. More, here.

 

Most people don’t exercise caution when communicating with a real estate agent, but—for instance— an agent representing a seller may use information gleaned from a buyer to help facilitate the sale. More, here.

 

Michael Burge, writing for Nerdwallet, has an article this week about things to keep in mind when cosigning on a mortgage. More, here.

 

NerdWallet addresses the importance of due diligence when choosing a mortgage broker. Here are 4 questions to ask before making a final decision.