Mortgage News: Are Bigger Jumbo Mortgages Ahead?

There’s a huge market for big loans and toward the start of next year it may get larger if loan limits go up.

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5 Tips from Experts for Getting a Small Business Bank Loan

Below are tips from five industry experts on how to secure the business loan that you need to grow your business. Find out how to grow your business!

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With mortgage interest rates so low, it’s a great time to refinance. This can be especially true if you have a jumbo mortgage loan: Bigger mortgage = bigger savings when you refinance. With the 30-year rates for jumbo mortgages averaging right around 5.3% to 5.5% and the 15-year refinance rate... Read more
If you are in the market for a new home or car, color may end up playing a role in your decision. It tends to influence our attitudes towards a house (popular exterior paint colors here in the United States include white, beige and shades of gray) and is the... Read more
The World Cup final definitely had its ups and downs for teams and fans, and as I watched the game I started to think how it’s possible to draw some analogies with buying a home. Having gone through that process myself lately, I think there are a few things... Read more
We’ve got some new data that shows why it is so important – especially now – to shop around for the best mortgage rates and terms. Play Just take a look at this graph (you can click on it to see a larger version). On the left side, the gray... Read more
Deciding to cosign on a loan for someone can be a difficult decision. While you want to help the person out, you may be nervous that you’ll be stuck paying on the auto loan or end up dealing with the repercussions of delinquency.  Consider the following when deciding if... Read more

Times when it makes sense to refinance your home loan, pulling equity out in cash to payoff higher interest debts and credit card balances.

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As rates dropped below 5 percent over the first two months of the year mortgage refinance volume increased and purchase volume remained unchanged. In its market composite index, a measure of mortgage loan application volume, the Mortgage Banker’s Association (MBA) reported refinance volume increasing 1.8 percent over the previous month and purchase loan volume decreasing 2.7 percent over the same period.

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If you’re old enough to know anyone from the depression era, you may have noticed that, as a group, they generally prefer saving money to spending it. Of course, they grew up in a time of great distrust for banks and believed the only safe place for their money... Read more