March 2015 - Platinum Lending Solutions

3 Huge Mortgage Mistakes Made by First-time Home Buyers – and How to Avoid Them

March 31, 2015
Mortgage News

As a first-time home buyer, you may actively be seeking out information about your upcoming purchase. Buying a home is a huge financial move to make, and it can impact your financial situation and even your lifestyle for many years to come.

What’s Ahead For Mortgage Rates This Week – March 30, 2015

March 30, 2015
Mortgage News

Last week's economic reports included reports on new and existing home sales and FHFA's monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details:

Spring DIY Projects: How to Build a Treehouse That the Kids Will Love

March 27, 2015
Mortgage News

If you have children, no home is complete without a treehouse. Besides the fact that treehouses provide kids with hours of entertainment, they can also confer ancillary benefits that are hard to quantify. When building any type of treehouse, keep the following tips in mind.

3 Reasons Why Your Mortgage Lender Might Ask for Your Tax Returns – And Why You Should Provide Them

March 26, 2015
Mortgage News

Typically, a mortgage lender will include a request for least the last two to three years of your income tax returns with this documentation. There are several reasons why a lender may need to review your tax returns and why you should provide requested documentation as soon it is requested.

FHFA: Home Prices Rise 0.30 Percent in January

March 25, 2015
Mortgage News

The Federal Housing Finance Agency (FHFA) reported that home prices rose by a seasonally-adjusted rate of 0.30 percent in January, and were 5.10 percent higher as compared to home prices in January 2014. FHFA oversees Fannie Mae and Freddie Mac and its home price report is based on sales of homes financed by mortgages owned or backed by Fannie Mae and Freddie Mac.

Considering a Reverse Mortgage Loan? Here’s What You Need to Know

March 24, 2015
Mortgage News

If you are like many other seniors, you may not have a huge cash reserve available in your bank account, but you may have a sizable nest egg in your home. The fact is that you can tap into that equity without selling your home or taking on a mortgage payment when you apply for a reverse mortgage.

What’s Ahead For Mortgage Rates This Week – March 23, 2015

March 23, 2015
Mortgage News

Last weekâs events included the National Association of Home Builderâs Housing Market Index, which fell to its lowest reading since last summer. Other news included reports on housing starts and building permits, the FOMC meeting statement and Fed Chair Janet Yellenâs press conference.

Three Unique Upgrades That Will Drive Your Home’s Resale Price Through the Roof

March 20, 2015
Mortgage News

If you are a homeowner, you should always be thinking about ways that you can boost the resale value of your home. Whether you are planning on putting the home on the market, or simply want to be prepared for the future, there are upgrades that can make your property more desirable.

FOMC Statement: Federal Reserve Discusses Rate Increase, But Concerned About Growth

March 19, 2015
Mortgage News

The post-meeting statement of the Federal Reserve's Federal Open Market Committee indicated that while the Fed is considering raising its target rate as early as June, the agency is in no hurry to cast anything in cement. The statement cited stronger labor markets and low unemployment rates as encouraging, but noted that FOMC members remain concerned about economic growth due to low inflation failing to meet the FOMC goal of two percent.

Variable-rate vs. Fixed-rate Mortgages – Which is Better for Your Financial Situation?

March 18, 2015
Mortgage News

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let's compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.