In today’s real estate market, homebuyers are plentiful and the supply of available homes is low, so homebuyers have no choice but to act quickly and aggressively to get the house they want. However, as the recent Equifax data breach illustrates, homebuyers who fail to get pre-approved for a mortgage» read more…
Many thanks to CNN Money for providing a quiz to test our home-buying knowledge! Go ahead, take the quiz yourself- then read below to get insight from Nutter Home Loans!How will a bad credit score affect your ability to buy a home? Credit can always be repaired, with a little» read more…
In yet another sign that the nation’s home lending market has returned to normal, mortgage investors Fannie Mae and Freddie Mac announced this week that they would no longer require appraisals for some home purchase loans and refinance loans.The new guidelines will save homebuyers and homeowners who are refinancing approximately» read more…
A growing number of homeowners are taking advantage of today’s low interest rates to refinance their mortgages and obtain extra cash at the same time. Until recently, this type of refinance (sometimes called a “cash-out refinance") wasn’t an option for many homeowners.However, as property values in almost every part of» read more…
The clock may be running out on low mortgage ratesIf you’re one of the millions of homeowners who refinanced their home loan a few years ago but haven’t taken advantage of lower mortgage rates in 2017, you may be missing out on a golden opportunity. The Federal Reserve Board, which» read more…
When the Federal Housing Administration (FHA) was formed in 1934 during the Great Depression, no one could have dreamed of the impact this fledgling agency would have on generation after generation of American families who were chasing the dream of homeownership. Yet here we are in 2017, and FHA loans» read more…
Whether you’re a soldier returning from active duty, a reservist, or a Veteran of a past conflict, your country thanks you for your service. It’s only fitting, then, that a grateful nation also provide its Veterans with benefits aimed at enriching their quality of life. Without question, one of the» read more…
As property values continue to rise and interest rates remain near historic lows, many Veterans are looking to refinance their VA Loans.However, many of these Veterans are finding that a good portion of their VA benefit is being wasted on lender fees that are being tacked on to their mortgage» read more…
Faced with sharply increasing apartment rents, more and more millennials are moving out of apartments and into homes.At the end of 2016, homebuying activity increased to its strongest level in nearly a decade, with first-time home buyers now comprising 32% of all purchase transactions according to the Wall Street Journal.Deciding» read more…
Just in case you missed it, Marketplace reported the new tax bill that will go into effect on January 1, 2018 has eliminated the deduction that you can take for the interest paid on Home Equity Lines of Credit (HELOCs).James B. Nutter & Company (JBNC) has been cautioning about the» read more…