Mortgages
The homebuying process is absolutely riddled with pitfalls, and it’s easy to make what seems like a small mistake, only to find out that it costs big money years later. That’s why we trust the expert advice of Bob Johnson (AKA BobMortgage — senior mortgage advisor at the nation’s oldest private lender — Wallick & Volk) when it comes to…
As Bob Johnson (AKA BobMortgage) notes, buying a home is often the biggest financial transaction most people make in their lifetimes. It can be rife with stressful situations and pitfalls, but it doesn’t have to be that way. How do you manage all of the moving parts and make the most of your experience? By…
There are pitfalls to avoid all through the mortgage process, but rarely are clients adequately educated about what not to do before they try to get a home loan. Luckily,Bob Johnson (AKA BobMortgage), senior mortgage advisor at Wallick & Volk, is here to set homebuyers straight. Home loan financing can fall apart for many reasons. To…
With mortgage rates at historic lows, many people might be tempted to buy a home before they’re financially ready. In order to determine where homeowners have the most unsustainable mortgage debts in the country, WalletHub recently released the 2017 Home Overleverage Report. Their analysts compared the median mortgage debt to the median income and median home…
On Friday afternoon, just hours after swearing in, President Donald Trump suspended a Federal Housing Authority (FHA) mortgage premium rate cut issued by former President Barack Obama earlier in the month. The quarter-point cut would have taken effect on January 27. An FHA loan, with its low down payment and less stringent credit score requirements,…
