Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – June 27, 2022

Last week’s economic reporting included readings on home sales, Fed Chair Jerome Powell’s testimony on monetary policy to the House Financial Services Committee, and the University of Michigan’s Consumer Sentiment Index. Weekly reports on mortgage rates and jobless claims were also released. New Home Sales Pace Rises as Pre-Owned Homes Sales Pace Slows The Commerce Department reported a seasonally-adjusted annual pace of 696,000 new homes sold in May; analysts predicted a year-over-year pace of 587,000 new homes sold as compared to April’s year-over-year pace of 629,000  new homes sold. While the year-over-year pace of new home sales increased by 10.70…
Read More
Home Mortgage Tips , ,

Can I Qualify for a Mortgage After Declaring Bankruptcy? Yes — and Here’s How

It may feel like a very daunting task to consider buying a home after you've declared bankruptcy, and there's no doubt that it's an uphill battle. Fortunately, while you'll have hard work ahead, there are things you can do in order to make your dream of home ownership a possibility. Whether you've just declared bankruptcy or some time has passed, here are some things you should consider before getting into the market. Wait It Out It might not be what you want to hear, but it's, unfortunately, the case that you'll have to wait at least two years before you…
Read More
Mortgage , ,

A Home Loan For an AirBnB Property: What To Know

If you are looking for a way to diversify your investments, you might be thinking about buying a rental property. One of the most common rental options is AirBnB. Given the number of people who use AirBnB, this could be a great way to generate a steady stream of short-term renters. On the other hand, can you take out a loan to buy an AirBnB property? There Are No Mortgages Specifically For AirBnB Properties First, understand that there are no home loans available specifically for AirBnB or VRBO properties. If you go to a lender and ask for an AirBnB loan, they will direct you to a…
Read More