Daytona Beach mortgage rates could still be on the uptick despite conflicting economic indicators. Daytona Beach Federal Reserve President Dennis Lockhart, a highly-respected voting member on the Fed’s monetary policy committee, said there is "more downside risk" to the U.S. economy as a result of an international slowdown and stagnation in addition to the nation’s most […]

The Daytona Beach mortgage industry now has new regulations in effect designed for lenders to be more transparent in their dealings with borrowers. The areas of reform are aimed at simplifying and streamlining some of the consumer disclosure documents in order to make it easier for borrowers to understand various lending programs. Daytona Beach Mortgage Rules […]

Once upon a time in the Daytona Beach mortgage market, "adjustable rate mortgages" (ARMs) was a phrase that was shunned. During the Great Recession of just a few short years ago, many consumers experienced their mortgage payments spike to levels of unaffordability. Sadly, some of those homeowners fell victim to foreclosure. But what about now? […]

As Daytona Beach mortgage borrowers continue to see home prices rise they have increasingly more equity to utilize. Industry experts say that nationwide home equity has risen by nearly $825 billion. That represents a 250% increase over home equity levels of just four years ago. However, tapping into that equity by using a home equity line […]

In a move to assist Daytona Beach mortgage borrowers, the Federal National Mortgage Association (Fannie Mae) announced it will make substantial changes in a lending program for low-to-moderate-income households. The program, dubbed HomeReady, is scheduled to begin in December. It promises to feature new lending guidelines recognizing that many of Daytona Beach mortgage customers share […]

In addition to other favorable signs, the Daytona Beach mortgage market is expected to be one of the positive features in the recovery of the housing market. Experts say Home Mortgage Disclosure Act (HMDA) information indicates the housing improvement continues. Continued Improvement in Daytona Beach Mortgage Market Expected Because of the data trends, lending projections are expected […]

Whether it's a topic like the Daytona Beach mortgage industry or another subject, we live in an information-rich environment. The Internet, 24-hour cable news stations and a burgeoning social media network keeps Americans in touch with available information almost instantly. Yet the endless wealth of information at our disposal also means there's a glut of […]

The Home Affordable Refinance Program, or HARP, was instituted in March, 2009 and became a moderately successful tool for homeowners in the Daytona Beach mortgage market as well as other markets all across the United States. Help for Daytona Beach Mortgage Borrowers Because of fairly conservative loan-to-value restrictions, HARP was improved to HARP 2.0 in […]

One of the most important components to obtaining a good Daytona Beach mortgage is the down payment. Unfortunately, many homebuyers have misconceptions about down payments and how they impact their ability to obtain home financing. Let’s examine some of the down payment myths that are prevalent in the Daytona Beach mortgage arena. 4 Daytona Beach […]

Congratulations! After a few weeks of gathering documents and waiting for your mortgage loan to be processed you’ve finally been approved! Soon it will be time for the loan closing, the culmination of the process. Now it’s time to think about Daytona Beach loan closing costs and, more importantly, minimizing them and keeping more money […]