Homestead Financial Mortgage

I Didn’t get the Cash Out I Wanted on My Mortgage Refinance, What can I do?

So those borrowers who would like to refinance and pull “Cash Out” of your home but were turned down or told the home didn’t appraise for enough, there are some options which you can do fairly quickly to change your outcome. 1. Increase your credit score. Often, lenders have a limitation on how much cash Read More

The Fed Raised Rates….Why Did Mortgage Rates Drop?

The U.S. Federal Reserve raised its key, Federal Reserve Funds Rate (Fed Funds) .25% on Monday, March 13th, 2017 for the second time this year, citing economic growth, job gains and confidence. Then the mortgage market did something odd. Mortgage rates dropped. The yield on the 10 year US treasury peaked at 2.60% the day Read More

Tips for Picking a Real Estate Agent — Part II

In “Tips for Picking a Real Estate Agent — Part I,” we discussed the importance of doing your homework. Before you pick a real estate agent it helps to obtain a list of what they’ve listed and sold the past twelve months, to verify licensing and disciplinary action with state boards, to seek out agents Read More

Tips for Picking a Real Estate Agent — Part I

One of the most challenging parts of buying or selling a home is picking a good real estate agent. How do you know who’s good and who’s not? Can you rely on word of mouth or should you do some investigating of your own? Whether you’re a buyer or a seller, there are things you Read More

When the Going Gets Tough the Tough Buy HUD Homes – Part 2

In “When the Going Gets Tough the Tough Buy HUD Homes – Part I,” we discussed why it’s important to work with a real estate agent when it comes to purchasing a HUD home, programs that are often available to help you save money on closing costs and why owner occupant buyers have an advantage Read More

When the Going Gets Tough the Tough Buy HUD Homes – Part 1

When first time homebuyers start their search for a new home many are hesitant to consider looking at HUD homes because they are under the misconception that such properties aren’t worth as much because they are located in blighted areas. This isn’t always true. The current housing market is flooded with HUD government foreclosures in Read More

Tips for Buying Your Dream Home

With housing inventory down 40% or more from two years ago, purchasing a house has become much more competitive. To land the home of your dreams you have to be savvy, creative and well-educated about your local housing market. This begs the question, how do you beat other buyers to the property you want? Here Read More

Home Improvement Projects Ideal for Labor Day Weekend

One of the best opportunities to do some home improvement projects to get your home ready for winter is Labor Day weekend. Having an extra day off from work gives you the extra time you need for projects that require more time. The trick is to plan ahead and focus on preparing your home for Read More

The Fifteen Most Commonly Asked Questions by First Time Home Buyers – Part 3

In “The Fifteen Most Commonly Asked Questions by First-Time Homebuyers Part II,” we discussed down payments, loan qualification, working with Homestead mortgage and mortgage costs. In this article we’ll discuss what first time home buyers should take with them when they are ready to apply for a mortgage, how to determine which mortgage is best Read More

The Fifteen Most Commonly Asked Questions by First-Time Homebuyers – Part 2

In “The Fifteen Most Commonly Asked Questions by First-Time Homebuyers Part I,” we discussed the tax benefits of home ownership, HUD homes, buying a home with bad credit, home ownership for single parents and working with a real estate broker. In “The Fifteen Most Commonly Asked Questions by First-Time Homebuyers Part II,” we’ll discuss down Read More

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