If you have collateralized mortgage obligations, you know that they could be at risk of prepayment penalties if they mature too early. Thankfully, there are ways you can help move the risk to avoid these penalties.
Ginnie Mae, or the Government National Mortgage Association, is a corporation inside the U.S. Department of Housing and Urban Development. It was originally founded as the Federal National Mortgage Association before being split into Fannie Mae and Ginnie Mae in 1968. Ginnie Mae’s responsibility is to support the market for the following loans:
Some people have found success in real estate investment but it’s not a venture for everyone. It’s a serious commitment to borrow money from a mortgage lender. With that being said, you should understand that there are pros and cons to investing in real estate. These factors will affect your decision to invest or not.
As a loan officer, mortgage rates affect every aspect of your business. One of the things that affect mortgage rates the most is mortgage-backed securities, which is why mortgage professionals need to know what it is and how they work in the market. Understanding will help you guide your clients towards more affordable financing at […]
As a home buyer, you are probably already are aware of what determines your mortgage interest rates. Mortgage interest rates are determined mostly on the secondary market, where mortgages are bought and sold. But besides that, mortgage interest rates are also set by market forces, including government monetary policy, which are beyond your mortgage lender’s […]
When applying for a job, applicants sometimes fear their potential employer checking their credit report and not hiring if they don’t like what they see. When companies request to see your credit history when you apply for a job, it helps reduce their risk. Employers turn a wary eye towards applicants who have financial problems […]
You want to sell your home, but are unsure what the best route is. Should you sell it traditionally or auction it? There are benefits to auctioning your home rather than putting it on the market traditionally. Not only for you, but for your buyers. Benefits to Sellers When selling your home at an auction, […]
If you are looking to buy a home, 2015 is the year to do so. What makes this year so special? Well, unlike in the years after the 2008 economic crisis, confidence in the housing market is rising amongst Americans. Even though it is admittedly more difficult to buy a home now than it was […]
You’ve decided you are ready to sell your home and move somewhere new. Selling your home is a huge decision, but before you put your home on the market it’s important to have a pre-sale inspection done on your property. This advice is true even if you believe it’s in good condition. Why Do I […]
Now that you know what liquid assets are, you have to know how to find them as they are important in determining your Kansas City mortgage rate. Lenders will use your net liquid assets to determine if you can meet the debt obligations. You can also use your liquid assets if you need cash fast, […]