Mortgage rates fall to one-year low, setting the stage for a sunny spring selling season – MarketWatch

Rates for home loans fell to the lowest in over a year as investors remained concerned about economic headwinds, setting up the housing market for a strong spring season. The 30-year fixed-rate mortgage averaged 4.35% in the February 21 week, mortgage guarantor Freddie Mac said Thursday. That was down from …

Residential Bank Statement Loans For Cannabis Owners

Self-employed buyers often struggle to qualify for a traditional mortgage when they are starting out in their business. Cannabis owners are no exception to this situation! Starting a new business can be costly in the beginning and it often can take several years to start realizing consistent income. Business owners …

Residential Financing for Cannabis Owners is Making a Comeback

Finally some good news for owners and self-employed borrowers in the Cannabis industry! Mortgage financing is about risk and as more and more states are legalizing medical and recreational marijuana use, some banks are deciding that financing may be less of a risk in this industry. Portfolio lenders are again …

The Fed finishes the year with a fourth rate hike – Bankrate

The Federal Reserve’s latest move is bad news for borrowers hit with multiple rate hikes this year. Policymakers ended a two-day meeting Wednesday by voting to raise the central bank’s benchmark interest rate to a range of 2.25 to 2.5 percent. This is the fourth rate hike of 2018 and …

Fannie, Freddie conforming loan limits increase in nearly every part of the U.S. – HousingWire

After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third straight year.   The FHFA announced Tuesday that it is increasing the conforming loan limit for …

I work in the Cannabis Industry and am paid in cash – Michaela Phillips

As a W2 Cannabis employee, can I get paid in cash and qualify for a mortgage? If you are a W2 employee in the Cannabis industry, there is a likelihood that you may be paid in cash versus a traditional pay check.  As medical and recreational Cannabis become legal in …

Factors Mortgage Lenders Consider – SmartAsset

Things have tightened up in the housing market since the housing crisis and lenders are looking at mortgage applications more closely. Lenders consider many factors before deciding whether to approve applicants. Once you know what they’re looking for, you can boost your chances of getting approved. Check out five factors …

Cannabis Employees In Colorado Can Qualify To Purchase A Home For A Minimum Investment Of $1000

YES IT’S TRUE! Have you been dreaming about purchasing a property in Colorado but don’t have much saved for a down payment? Don’t stress, W2 employees in the Cannabis industry can actually qualify for down payment assistance through the CHFA program. CHFA stands for Colorado Housing Finance Authority and they …

What exactly happens when a mortgage lender checks my credit? – CFPB

What exactly happens when a mortgage lender checks my credit?   Answer:   The credit check is reported to the credit reporting agencies as an “inquiry.”   Inquiries tell other creditors that you are thinking of taking on new debt. An inquiry typically has a small, but negative, impact on …