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Mortgage Industry Highlights – April 2017

By May 8, 2017 No Comments
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April was another busy month in the mortgage industry. Here are some recent articles, highlights and homeowner tips:

Two Blockbuster Months In A Row Signal Steaming Home Market

Pending sales, which are home purchase transactions in which a buyer has signed a contract, reached their best two-month total since April and May of 2016.

Key takeaway: the housing market remains red hot, in spite of many early year predictions of a slowdown.

 

Cash-strapped seniors: Weigh reverse-mortgage pros, cons

CNBC recently wrote an article weighing the positives and negatives of reverse mortgages.

Key takeaway: reverse mortgages continue to receive positive mainstream press, this time from CNBC. While reverse mortgages aren’t meant for all retirees, growing numbers of economists, retirement planners, and institutions are recommending them.


Is It Really Such a Great Time to Sell a House?

With the red hot housing market throughout most of the US, many assume that it’s a great time to sell your home. While there are many positives for current homesellers, there are also challenges.

Key takeaway: the biggest challenge for current homesellers is buying another house after your home has sold.

 

10 Credit Tips From Someone With a Perfect Credit Score

Whether you’re interested in buying a new home or want to refinance your mortgage, having good credit is critical. This article provides practical tips on improving your credit.

Key takeaway: as we’ve stated in this blog, the most important way to achieve good credit is  always paying your bills on time. This article provides more helpful tips.

 

Eight tips for budget-friendly DIY home security

With home break-ins occurring every 13 seconds in the US, securing your property is something all homeowners should focus on.

Key takeaway: there are many affordable ways to improve your home security. The first step in this is to perform a security audit of your home. Once you do this, you can create a cost-effective strategy to make your home safer.

 

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