first time buyer

Be Your Child’s Mortgage Lender

Even as home prices and mortgage rates are exceptionally low, most of  today’s young adults cannot own a home due to tighten lending standards. With these tighten lending standards, parents of today’s young adults can act as their children’s mortgage lenders. The National Association of Realtors reported that in 2011 alone, one in three first-time …

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4 Essential First Steps for Homebuyers

The Mortgage Bankers Association (MBA) reported that mortgage applications surge amid record-low rates. In a press statement released last Wednesday, MBA said that mortgage applications increased 23.1 percent from one week earlier. Freddie Mac Senior Vice President Paul Mullings, in his blog, wrote, “Mortgage rates are at 50-year lows – the 30-year fixed-rate mortgage averaged …

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