Mortgage Apps Still Strong vs Last Year, But Down Slightly Last Week

Seasonally adjusted mortgage application activity declined 3.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending December 12. Unadjusted applications fell 5% from the prior week, reflecting a typical seasonal slowdown as the year draws to a close. The Refinance I

When Does the Seller Get Money After Closing? What to Expect and How Long It Takes

Quick answer: Most sellers receive their money within 24–48 hours after closing, though timing can vary depending on:– The type of closing: Wet closings may allow same-day payment, while dry closings can take several business days.– How the seller is paid: Wire transfers are typically faster than ca

Mortgage Loan Modification: What It Is, How It Works, and When to Use It

Mortgage loan modification is a foreclosure-prevention option that permanently changes the terms of your existing mortgage to make payments more affordable. If you’re a homeowner facing a long-term financial hardship—such as job loss, a medical crisis, or divorce—a modification may help you lower yo

Best Time to Close on a House: Why the Right Date Matters

Quick Answer:– Closing near the end of the month is best because it minimizes prepaid interest for buyers and slightly reduces prorated expenses for sellers.– Closing early in the month provides buyers more time before the first mortgage payment and offers sellers flexibility for moving or a subsequ