Southfield, Mich.-based Creative Mortgage Lending and Clarksdale, Ind.-based Superior Development Group, Inc. are two examples of a new breed of lenders making an attempt to put a dent in a market.
But in comments posted online last week. Many economists. think the Fed will wait until September at the earliest to announce its first drop in its benchmark short-term interest rate since 2008.
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RE Market Update 2016 Mortgage Masters Group Housing Starts in U.S. Drop to Lowest Level in Three Months – New-home construction in the U.S. unexpectedly cooled in January, indicating there is a limit to how much gains in residential real estate will boost growth at the start of 2016. Group Inc. in.
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Refinancing vs. Consolidating Student Loans: What's the Difference. – Think refinancing student loans is the same as consolidating? Think again. Tiffany Vachon, a Student Lending Specialist, helps explain the difference.
Veterans Pay High Price as Lenders Push Cash-Out Home Loans – Lenders say many borrowers take the option of paying a higher mortgage. refinance again, offering a lower rate that he says should have been given to him in the first place. He took the loan. “I.
Does Credit Card Debt Affect Mortgage Approval. – If you think you’re over the hurdle after that initial credit check, think again. Applying for a new credit card before you close on your house could louse up your mortgage approval. Most lenders will check your credit again right before the closing date.
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Mortgage News for Home Loan Consumers – Part 17 – According to MarketWatch, solid borrowers with good credit, reliable income, and substantial equity or down payments will be able to get loans with no problem anyway. However, Fannie Mae and Freddie Mac keep additional money in the mortgage lending pool, which allows more consumers to be able to obtain real estate financing at decent rates.