Mortgage Apps Dip, But Demand Still Running Strong After September Surge

Mortgage application activity declined again last week, though the drop was more moderate than the prior week’s pullback. According to MBA’s Weekly Applications Survey for the week ending October 10, total volume fell 1.8% on a seasonally adjusted basis and 2% unadjusted. The Refinance Index slipped

How Do Realtors Determine How to Price a Home?

Key Takeaways Realtors use a Comparative Market Analysis (CMA) to price homes, comparing them to recently sold, active, and expired listings. Market conditions, such as whether it’s a buyer’s or seller’s market and interest rates, significantly influence pricing. A realtor’s local expertise and unde

FHA Foreclosure Waiting Period: How Long You Need to Wait to Qualify for a Loan Again

Experiencing a foreclosure can be financially and emotionally challenging, but it doesn’t have to close the door to future homeownership forever. If you’re hoping to buy again using an FHA loan, it’s essential to understand the FHA foreclosure waiting period, how lenders evaluate your application, a

What Happens to Your Earnest Money at Closing?

When you make an offer on a home, you usually put down earnest money to show the seller you’re serious. This money is held in escrow until the sale is finalized, protecting both you and the seller during the transaction. So what happens to that money at closing? In most cases, your earnest money is