According to the mortgage bankers association, new mortgage applications increased 6.8% last week from one week prior.
If you're looking for your dream home call JTS today!
According to the mortgage bankers association , new mortgage applications increased 6.8% last week from one week prior.
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Also according to the mba, purchase applications were up more than 25% from a year ago, and the demand for higher-balance loans pushed the average loan size to another record high.
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This data is evidence that the strong summer homebuying season is carrying over into the fall.
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According to mba again, refinance applications increased by about 9% last week over the week prior and were almost 86% higher than last year.
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Both conventional and government refinance activity, and in particular, fha refinances, have all picked up last week.
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If you?re considering a home purchase or refinance, speak to one of our loan advisors today.
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According to a finder.com report, 4 of the top 5 most expensive cities to own a home are in california.
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They are, not surprisingly, san francisco, san jose, los angeles, and san diego.
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What?s the least expensive city to own a home?
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It?s right here in our own state ?
Jackson, mississippi.
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This is where a salary of $44,129 could afford you a home and lifestyle of relative ease.
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Speak to one of our loan advisors today to find out how much home you can afford.
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Your debt-to- income ratio, also referred to as dti, is the amount you pay toward your debts each month, divided by your gross monthly income.
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When applying for a mortgage, lenders usually like to see a?dti of about 45% or less.
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However, if your dti is even lower, it may help you land a more favorable mortgage rate.
This is because the better your financial situation is, the more likely you are to qualify for the lowest mortgage rate.
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Of course, your dti isn?t the only factor that determines your mortgage rate, but it is an important one.
Your credit score, down payment amount, and other factors are also taken into account.
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Contact one of our loan advisors today to discuss your financial situation and let?s see what type of mortgage may be your best match.
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At jts & co.
We are your local mortgage advisors that are located right here in your community.
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You can depend on us to handle all of your real estate financing needs, whether that is buying a home for the first time, or refinancing your current mortgage.
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Visit our website or text jts at 33655 to get pre- qualified today.
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At jts & co., we earn your trust to become your lifetime mortgage advisor.
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We are local, trusted, and experienced.
Thank you for your time and have a great day!
102020-pkg eric
With mortgage rates as low as they are, it comes as no surprise that 2020 is experiencing a refinance boom. It's an excellent time..
