Mortgage News

VHDA Loan Combo

Get more with your mortgage! Call us today to find out if you qualify for a "Loan Combo" from VHDA. It's an affordable VHDA mortgage, PLUS a down payment grant, PLUS an MCC (first-time homebuyer tax credit), PLUS our free homebuyer's class.

May 22nd, 2017 VHDA Loan Combo

The Markets in a Minute - April 7

For the Week Ending April 7, 2017 Economic activity in the manufacturing sector expanded in March for the 94th consecutive month. The non-manufacturing sector also grew, for the 87th month.Another sign of the improving economy is the strong labor market. This week's jobs data has continued to show new job growth and low unemployment.Minutes from the last Fed meeting show they're looking to reduce asset holdings. The Fed currently holds over $4 trillion in Treasuries and mortgage securities. Home prices appreciated by 1% in February and 7% year-over-year. CoreLogic forecasts h...

April 6th, 2017 The Markets in a Minute - April 7

The Markets in a Minute - March 31

For the Week Ending March 31, 2017 Consumer confidence surged to a 16+-year high in March. Consumer optimism is supported by a strong labor market and a positive economic outlook.The GDP increased 2.1% in the 4th quarter, signaling economic growth. Consumer spending accounts for more than 2/3rds of U.S. economic activity.Some Fed members made comments this week supporting more than 3 rate hikes this year. The majority still favor a gradual approach to increases though. Pending home sales rose 5.5% in February, a 2.6% increase year-over-year. Warm weather and potentially higher intere...

March 30th, 2017 The Markets in a Minute - March 31

Myth busted: Yes, you can buy a house while you’re a student

 One of the biggest misconceptions about homebuying is that you can’t go through the process while in school (e.g.: college).Well, I have good news: That’s not true!Did you know you can claim education as “employment” on a mortgage application? The lender needs to see stable work history, but education can serve in place of a full-time job and often satisfy the requirement.Here are several common questions clients ask me and what I tell them:I am in a graduate school program and will finish in the spring. I have a job lined up post-graduation. Can I get a mortgage?...

March 25th, 2017 Myth busted: Yes, you can buy a house while you’re a student

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