According to a recent survey conducted by Fannie Mae, the majority of respondents still believe that the economy has not fully recovered. This belief is having an adverse effect on home sales in St. Louis and across the nation. Springtime is usually … [Read more...] about How Information From the Fannie Mae Survey Can Help Save the Economy
Decline in Down Payment Requirements is Good News for St. Louis
Lower down payment requirements may make it easier for potential new homeowners to qualify for a mortgage. Growing concerns over what appears to be a nationwide decline in home sales, both for existing and new homes, has lending companies and … [Read more...] about Decline in Down Payment Requirements is Good News for St. Louis
Good News For First-Time Home Buyers
First-time home buyers have new opportunities for home ownership. This May, the new regulator for Fannie Mae and Freddie Mac plus the secretary for HUD made announcements that they are going to make some policy changes so that first-time home buyers … [Read more...] about Good News For First-Time Home Buyers
Why the St. Louis Housing Market May Be Stagnant
Home sales for St. Louis were up for 2013, but have since leveled off over the last few months. There are many factors affecting the number of homes that are being sold, including a significant drop in the number of first time home buyers to the … [Read more...] about Why the St. Louis Housing Market May Be Stagnant
Paying For College: Refinance Your Home or Use Student Loans?
Graduation season is just around the corner, and if you are the parent of a senior, then you may already be worrying about the expense of college. If you have managed to build up equity in your home over the years, then it might make sense for you … [Read more...] about Paying For College: Refinance Your Home or Use Student Loans?
Freddie Mac is Making His Way Back
Homebuyers today are intrigued by the TBD Mortgage Approval Programs being offered by reputable lenders like Sean Z. Since his 2008 slap on the wrist and placement into the Federal Housing Finance Agency (FHFA), Freddie Mac has slowly been redeeming … [Read more...] about Freddie Mac is Making His Way Back