Do You Know When to Lock Your Mortgage Interest Rate

As with anything in life, things often seem much easier on the surface than they actually are in reality. Take a look at the image of this morning’s trade of Fannie Mae mortgage bonds for example.
You may ask why this is important to mortgage rates?
Fannie Mae mortgage bonds are the underlying security that residential home [...]

Loan Modifications Will Only Exacerbate Housing Troubles

As is the norm, speculation and trigger words often get the headlines in the media outlets. Unless you have been in a bomb shelter, it has been unavoidable to hear all of the debate around a successful loan modification program and/or system to help troubled homeowners.
It has been such an important topic that the president-elect [...]

Time is of the Essence

For real estate agents and attorneys, the phrase “time is of the essence” highlights an unparalleled importance on part of the process that manages the receipt and response to a purchase agreement.
Likewise, mortgage professionals also utilize this phrase for emphasizing the critical process of facilitating the loan process within an allotted lock period.
Most banks and [...]