As you go through the process of applying for a mortgage, you’ll have to provide bank statements as part of the asset verification process. Learn more about why lenders ask for these and, also, get tips on what to expect as you’re going through the mortgage process.
The leaves are falling, the kids are chowing down on apples, and everyone is trying to drink as much cider as humanly possible. This time of the year is great for a lot of things: spending time with family, playing some football in the front yard, enjoying the playoff hunt for baseball, and buying a house.
With mortgage rates lower than most people could have ever predicted and more homes being sold on a monthly basis, we could be prepping ourselves for a housing market rebound. Just with any sort of market analysis, you’re going to get the folks who think that everything is fine and dandy, and you’re going to find writers who feel that everything is in a pre-apocalyptic state.
Not to beat a dead horse here or anything, but you should know by now that mortgage rates are crazy low. They’re not at record lows like they were last month, but they are still insanely low given how high they were last year at this time. Combine low mortgage rates with home affordability being slightly lower than the record set last quarter, and you’ll be surprised with some of the numbers you can find.
Buying a home can be scary. We’ve compiled a list of things to help make your home purchasing experience more enjoyable. Here are ten tips to keep in mind as you move forward in the home buying process
Today Quicken Loans CEO Bill Emerson appeared on FOX Business and told them, among other things, that the trend in mortgage rates is likely to go one way. Up.
Great video from NBC’s Today Show. Some of America’s top financial experts dicuss why right NOW is one of the best times in recent history to buy a home. They urge folks not to wait (with the hope mortgage rates may go lower). Rates are actually still extrememly low and with very low home prices in many markets across the country, now truly is a great time to buy.
With a new year beginning, many people are gearing up on resolutions like losing weight or lifestyle changes, but often forgetting to plan for their finances. Stuff that happened in 2010 may seem like old news, but the truth is a lot of the mortgage news still affect you going in to 2011.
We created our Housing Market Infographic – showing the top winners and losers in the housing market pricing game. We show the top five areas of the country where home prices have fallen. But also the top five areas of the country where home prices have actually gone up.
Ok. I realize this isn’t the “traditional” mortgage news we usually write about here at Quicken Loans. In fact, it’s not mortgage news at all. The real news is that mortgage rates are at their lowest level since 1951. But this is about something else. It’s something we really like and we wanted to share it with our readers. It’s our new commercial for our Thanks a Million Giveaway, where we’re paying off a clients loan in celebration of our upcoming one millionth closed loan. Besides for the commercial being a rather large departure from most of the television advertising we’ve produced, it’s also notable for our using Wayne State University students and facility on the production team. We contracted Wayne State University film professor Marc Ruiz, who assembled a team of students and local Detroit-area professionals for the commercial. They came through for us with flying colors. It’s amazing that these students were actually learning while producing such a world-class finished product. We couldn’t be happier. We hope you enjoy this as much as we do.