Posts Categorized: Homebuyer’s

A True Digital Mortgage Solution Should Improve Customer Satisfaction

A True Digital Mortgage Solution Should Improve Customer Satisfaction

Ellie Mae recently announced that it has acquired Velocify, a cloud-based intelligent sales automation system, so that it can more quickly deliver a true digital mortgage solution to lenders of all sizes. Digital mortgages are reportedly a high priority for consumers who want faster mortgage application processing. A recent survey by Ellie Mae, for example,… Read more »

Typical Mortgage Payments Are Up

Typical Mortgage Payments Are Up

There’s been a lot of attention paid to higher home prices this year. However, home prices aren’t all that are up. Typical mortgage payments are up by 11% over last year because of higher mortgage rates, according to a new article by CoreLogic.The typical mortgage payment is expected to rise another 13% in the coming… Read more »

New Homes Priced Too High for First-Time Homebuyers

New Homes Priced Too High for First-Time Homebuyers

While builders are starting to increase their volume of new homes, a recent article in Consumer Affairs stated that new homes are still out of reach for most first-time homebuyers simply because of their prices. Prices for both existing and new homes have been steadily rising in recent months because the demand for houses, driven… Read more »

D.C. Home Prices Hit Record High

D.C. Home Prices Hit Record High

D.C. home prices reached a record high in May, when the median sales price of homes in the city reached $599,000, according to MarketStats from Showing Time.This is reportedly the highest median home sales price ever for the city and is 5% higher than May of 2016. The median home price in D.C. was more… Read more »

More People Expected to Qualify for Mortgages as Credit Bureaus Clean Up Credit Reports

More People Expected to Qualify for Mortgages as Credit Bureaus Clean Up Credit Reports

Beginning this month, the three major credit bureaus—Equifax, Experian, and TransUnion will start removing tax liens and judgments from credit reports, making it easier for them to qualify for mortgages and other loans. The action is part of the National Consumer Assistance Plan (NCAP) initiative. The NCAP was created in March 2015 when it became… Read more »