How Federal Job Cuts Could Affect Mortgage Interest Rates in 2025
Federal job cuts might change mortgage interest rates this year, depending on what upcoming jobs reports show. This post explains how government layoffs could impact the economy and what it means for people looking to buy a home or refinance. Jobs and the Economy Jobs keep the economy moving. The U.S. government employs millions of…
Read MoreIs the FHA Creating Another Housing Bubble?
If you’ve been following the news about home loans, you might have heard some worrying talk about the Federal Housing Administration (FHA). Let’s break it down in a simple way to understand what’s going on with FHA loans and why some folks think we might be heading toward another housing crisis like the one in…
Read MoreWhat can President Trump Do to Help With the Housing Crisis?
The housing market in the United States has been a hot topic. With homes being too expensive for many people to buy or rent, President Trump has been talking about ways to fix this problem. Here’s a simple breakdown of what he might do: Reducing Regulations Trump wants to cut down on the rules that…
Read MoreUSDA Single Family Housing Program Eligibility
The USDA Single Family Housing program has introduced changes regarding the eligibility of existing manufactured homes for financing, starting from March 4th. Here’s what you need to know: Eligibility for Existing Manufactured Homes: Pilot Program: The USDA had a pilot program for financing existing manufactured homes in certain states, which has now been expanded to…
Read MoreBig Changes for Credit Reports! The CFPB’s New Rule on Medical Debt
You might have heard about this on social media or the news, but on January 7th, the Consumer Financial Protection Bureau (CFPB) made a big move. They finalized a rule to get medical bills off of credit reports. Here’s the scoop in simple terms: What We Know: Medical Debt Ban: About $49 billion in medical debt…
Read MoreNavigating the 2025 Housing Market: Key Trends for Potential Homebuyers
Whether you’re just starting to dream about your first home or you’re ready to dive into the housing market, understanding the trends can make all the difference. Here’s a rundown on what’s shaping the housing scene in 2025, aimed at helping you make smart choices. 1. Mortgage Rates Are Still a Big Deal First off,…
Read MoreBig Changes Coming to Home Loans: What the New Fannie Mae Update Means for You!
What’s Happening? Fannie Mae, one of the big players in the mortgage world, is updating their Desktop Underwriter (DU) system on January 18th. This system is like a super-computer that helps decide if you get approved for a loan. Here’s what’s changing and why it matters to you: 1. New Ways to Look at Credit…
Read MoreUnderstanding a Real Estate Market Correction: How It Can Help You as a Homebuyer
In the past few years, buying a home has become harder for many people, mostly due to rising home prices and high mortgage rates. You might have heard the term “market correction” when people talk about the real estate market. But what exactly is a market correction, and how could it actually be good news…
Read MoreWhat Are Trigger Leads and Why They Hurt Consumers
When you’re shopping for a loan—like a mortgage—your credit report is pulled by a lender to see if you’re a good fit for borrowing money. But did you know that when your credit report is pulled, the credit bureaus (Experian, Equifax, and TransUnion) sell your information to other lenders? This process is called “trigger leads.”…
Read MoreUnderstanding DSCR Loans: A Simple Guide
I’m going to explain something called Debt Service Coverage Ratio loans, or DSCR loans for short. If you’re looking to invest in real estate in North Carolina, South Carolina, and Virginia, especially rental properties, this type of loan might be a great option for you. Let’s break it down. What is a DSCR Loan? A DSCR…
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