Are Refinances Back on the up and up?

Posted on September 22, 2016 by Scott Li

Late August was an interesting time in the mortgage world. Here’s what we saw:

Mortgage applications increased 2.8%
Refinancing activity increased by 4%
The market shares of refinancing activity increased 1.1%

These are some pretty large changes. Changes that have lead to the question “Are Refinances Back on the Up and Up?”. The answer is yes—it certainly appears that refinances are becoming popular once again.

So, what does this mean for you?

It means that refinancing might be something you want to consider. That’s why we’ve created this post. In it, you’ll find all the basic information you need to determine if refinancing is something that can help you. read more

How Airbnb is Messing with People’s Refinancing Options

Posted on September 15, 2016 by Scott Li

One of the things that’s so interesting about modern technology and business is that most of it is brand new. There’s no blueprint for things like ecommerce, social media, mobile banking, etc. With each new brilliant invention or idea, there’s always a hang up/problem that was neither thought of nor predicted. Airbnb homeowners are now finding this out.

Airbnd homeowners have unknowingly put themselves in a situation where refinancing without increasing rates is almost impossible. Here’s why: read more

How to Choose Between a Fixed-Rate and Adjustable Rate Mortgage

Posted on September 8, 2016 by Scott Li

Mortgages can be confusing—especially when you’re new to the home buying scene. Choosing between a fixed-rate and adjustable rate mortgage (ARM) can make your head spin. We know this. That’s why we’ve created this post—to simplify things. After finishing it, you’ll have all the information you need to make a well educated, informed decision in regards to which mortgage is best for you. Let’s get started:

How Long Do You Plan of Living in the Home?

This is the first (and most important) question you need to ask yourself when choosing a mortgage. If you plan on living in the home for a short period of time, an ARM is the way to go. It ensures that your first payments will be low and that you won’t be effected—because you won’t be living in the home— when rates rise. read more

Why Working with RateWinner.com for Your New Home Purchase is the Way to Go

Posted on September 2, 2016 by Scott Li

Buying a new home can be scary and exciting all at the same time. Whether you’re buying your very first home or your fourth, it’s important to have someone on your side to help you navigate the complicated process. That’s where RateWinner.com comes in; they have the knowledge and expertise to help you get the best possible mortgage rates available.

Tools for Every Need

RateWinner.com is more than just another site to help you track down mortgage rates. It offers up plenty of tools and calculators that help you understand what you can expect when it comes to applying for, obtaining, and repaying a mortgage. You can find out how much your monthly payments will be based on your loan amount and interest rate thanks to the Loan Calculator, and you can even learn some tips and tricks for getting a mortgage if you’re self-employed, retired, or credit-challenged. RateWinner.com caters to everyone, and it’s truly an authority in the real estate industry. read more

The Mortgage Industry Is Increasing in Activity

Posted on September 1, 2016 by Scott Li

Memphis, Tennessee is one of the most populous cities in the state. It’s a popular tourist destination and it offers a phenomenal job market to the locals. Perhaps that’s why Shelby County’s mortgage market has been steadily improving since the start of 2016. This activity is slated to continue throughout the rest of the year.

Increasing Purchase Volume

July represents the start of the first quarter of the fiscal year, and it got off to a strong start in Shelby County’s real estate industry, which reported more than $205 million in purchase activity. In July 2015, the county saw just a little over $196 million in activity. This is despite the fact that the total July volume was lower than June’s volume. What’s more, fewer mortgages were made in July 2016 as compared to July 2015. Nonetheless, increasing home values in the area continues to spur economic growth within the real estate industry. read more

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