Mortgage

Oct. 9, 2019

Appraisals are no longer required on some home sales of $400,000 and under

Regulators raise appraisal threshold for first time since 1994

Beginning Oct. 9, 2019, certain home sales of $400,000 and under will no longer require an appraisal.

Under previous rules that have been in place since 1994, appraisals were not required on all home sales of $250,000 and below ...

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Posted in Mortgage
Oct. 6, 2019

Property Tax Relief / Tax Freeze

 Deadline April 6, 2020

Tax Relief

The Knox County Trustee's Office administers a state funded Property Tax Relief Program to assist elderly, disabled, and disabled veteran homeowners. For applicants who qualify, the State of Tennessee will pay or reimburse a portion of their property taxes for their primary residence ...

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Posted in Mortgage
Sept. 18, 2019

Simplify Loan Origination Process

September 18, 2019 9:00 AM EDT
Freddie Mac Announces Latest Borrower Capacity Solution in AIM; Teams with Finicity to Simplify Loan Origination Process Benefitting Lenders and Borrowers

Finicity Integration with Loan Product Advisor Provides More Effective, Efficient Income Assessments

MCLEAN, Va., Sept. 18, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB ...

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Posted in Mortgage
Sept. 13, 2019

Quitclaim vs. warranty deed

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Posted in Mortgage
Sept. 13, 2019

What is included in settlement costs

What is included in settlement costs? 

Settlement costs, also called settlement fees or closing costs, are the various costs associated with the closing of a mortgage. This can include discount points, an appraisal fee, title search and insurance, taxes, survey, deed recording fee, credit report charge, and more. Prior ...

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Posted in Mortgage
Sept. 5, 2019

Mortgage Rates Drop

September 5, 2019 10:00 AM EDT
Mortgage Rates Drop

MCLEAN, Va., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.49 percent, the ...

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Posted in Mortgage
Aug. 25, 2019

Mortgage rates hit another 3-year low

Freddie Mac: Mortgage rates hit another 3-year low

This week, the 30-year fixed-rate mortgage averaged 3.55%

House blue keys

The average U.S. rate for a 30-year fixed mortgage fell to another three-year ...

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Posted in Mortgage
Aug. 23, 2019

What to know about mortgages

What to know about mortgages

 

What is a mortgage?

A mortgage is a loan from a financial institution that lets you purchase a house without paying the entire amount upfront. A mortgage is secured by the home itself, so the bank can sell the home and recoup the money ...

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Posted in Mortgage