Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho August 6, 2018

What’s Ahead For Mortgage Rates This Week – August 6th, 2018

Last week's economic reports included readings from Case-Shiller, Commerce Department reports on pending home sales and construction spending and an FOMC statement. Labor sector reports on job creation and the national unemployment rate were released along with the monthly Consumer Confidence Index. Weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller: Home Price Growth Holds Steady in May Home price analysts Case-Shiller reported national home prices … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, Mortgage Rates

Bob Ramalho August 3, 2018

Top Tips To Get Mortgage Pre-Approval Fast

When buying a house in a market that favors sellers, buyers must be able to move quickly. Mortgage pre-approval is critical to this. Here are some tips buyers can use to get approved fast. 1. Estimate Purchase Costs Buyers need to know what their target purchase price is. This could speed up the pre-approval process according to Realtor.com. If buyers have been saving for a down payment, they should also tell the lender the amount they plan to put down on the home. Again, this helps speed up the … [Read more...]

Filed Under: Mortgage Tagged With: Credit, Mortgage, Pre-Approval

Bob Ramalho August 2, 2018

What You Need To Know About Short Sales

On the surface, a short sale seems like the perfect deal. However, before you take the plunge, you need to understand how this type of home purchase works. What Is a Short Sale? A short sale is a home sale in which the homeowner is selling the home for less than he or she currently owes on the mortgage. In most cases, this means that the buyer is paying less for the home than it's worth, which leads to instant equity. Short sales allow homeowners to get out from under mortgages without damaging … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Pre-Approval, Short Sale

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