Millennials Bank More on Conventional Mortgages

More millennial homebuyers are obtaining conventional financing over FHA financing, relying less on government-backed loans, according to the latest Ellie Mae Millennial Tracker™. Conventional and FHA—the most common types of mortgage loans for millennials—comprised 63 percent and 32 percent of millennial loans, respectively, in June. “Conventional and FHA loans make up the vast majority of […]

The post Millennials Bank More on Conventional Mortgages appeared first on RISMedia.

Top 20 States for Home Renovations

One of the many advantages of owning a home is the ability to add—and recoup—value. A recent study by Hearth, a FinTech startup, ranked the states with the most homeowners planning to renovate in 2017, with the top 20 states mostly concentrated in the East, Midwest and West: Hawaii Kansas Montana Rhode Island New Hampshire […]

The post Top 20 States for Home Renovations appeared first on RISMedia.

Would-be Buyers with Student Debt

Ashburn homes for sale 59% of non-owners are not comfortable taking on a mortgage with their student debt according to the Aspiring Home Buyers 2017 survey. It is estimated that the college graduates have an average of $37,172 in student debt. Fannie Mae, who has loan programs with as little as three to five percent down… Read More

We Must Fix the Lack of Housing Inventory

It is getting harder and harder for first-time home-buying because the supply of single-family homes has decreased for 21 consecutive months. These limited property listings have raised prices so significantly that first-time homebuyers cannot participate. Why does this matter? Because the safest part of every city, better health, higher educational attainment, greater variety of choices […]

The post We Must Fix the Lack of Housing Inventory appeared first on RISMedia.

Innovative Concept Serves the Consumer

Every day, in real estate offices across the country, agents working with buyers inevitably reach the point when it’s time to talk about financing the purchase. It’s good to have a trusted, reliable lending resource to point clients to. Many larger offices, of course, have affiliated mortgage services that provide a great option for agents […]

The post Innovative Concept Serves the Consumer appeared first on RISMedia.