You took out your Vero Beach mortgage loan a few years back when both you and your spouse were working and things were going pretty well financially. In fact, that’s the reason you bought your first home. Since then, the economy has slowed considerably and your employer has downsized. Over time – which was an almost guaranteed addition to your budget for a few […]
Vero Beach Reverse Mortgage: Questions and Answers
If you’ve paid attention to the Vero Beach mortgage industry, no doubt you’ve seen and heard all sorts of ads for a Vero Beach reverse mortgage. Just exactly what is a reverse mortgage, you ask? A Vero Beach reverse mortgage enables a homeowner to extract the equity in his home to use as monthly income. These mortgage instruments can sometimes be […]
Vero Beach Mortgage Refinancing: Are You Missing Out?
The Vero Beach mortgage refinancing market has enjoyed months of near-record low interest rates. The rates have stayed so low for so long that many borrowers assumed home mortgage interest rates will be low “forever.” And for good reason. At the first sign of rising interest rates – regardless of how slight the expected increase – the global money markets seemed to […]
Vero Beach Mortgages – What Will Slightly Higher Rates Mean?
Interest rates recently rose slightly, raising the question of what affect they will have on Vero Beach mortgages. Rates increased for the first time in more than two months, creating a sell-off in the U.S. Treasury bond market. Mortgage interest rates have traditionally been tied loosely to the 10-year Treasury bond yield. While the increase in interest rates was only .125% […]
5 Ways Technology Affects the Vero Beach Mortgage Business
Technology and the digital age has certainly made an impact on the Vero Beach mortgage business. While roughly 90% of prospective homeowners search online for a home, less than 10% of mortgage lenders offer a comprehensive digital mortgage experience. Now, mortgage lenders are starting to enter the 21st Century by gradually reinventing the mortgage process. Here are some ways in which important […]