Refinancing Your Mortgage In 2019: There are many opportunities available for homeowners to consider a refinance of their current mortgage. Refinancing your mortgage in 2019 can be a smooth process if you chose the right mortgage company. At JB Mortgage Capital, Inc. we offer a wide variety of refinancing options; Conventional loans, Conventional-Conforming loans, FHA home loans and others. … Read more
Important Fannie Mae Update: On December 8th, 2018 the mortgage giant Fannie Mae will be updating its Automated Underwriting System which will adopt some new guidelines for conforming mortgages. Significant changes will come to loan programs that deal with borrower’s that have “debt-to-income” ratios that are looking to take cash out from their property. All conforming loans go through either the … Read more
Higher Deb To Income Ration Now Eligible: On July 29th, 2017 the door to a new mortgage will be opened for thousands of potential homeowners and current homeowners that have a Debt-To-Income (DTI) ratio above 45%. The mortgage giant Fannie Mae will be making an adjustment to its Automated Underwriting System (AUS) so that those with a 45%-50% DTI will … Read more
Tomorrow Is Decision Day: Tomorrow afternoon the Federal Open Market Committee (commonly refereed to as the “Fed”) issues their decision about raising short term interest rates and their economic outlook. Before we go into the market expectations and what may happen with mortgage rates after the FOMC issues their statement; lets cover a very basic point that most people don’t … Read more
Deciding To Do A Refinance: It doesn’t always make sense to refinance your current mortgage and here are some guidelines to follow when making that determination. We all want the lowest rate and payment possible but sometimes doing a refinance is not good idea and it’s important to make sure you’re making informed financial decisions – especially when it comes … Read more
Lower Interest Rate: Years ago someone came up with the idea that a borrower could pay a fee to lower the interest rate. In the mortgage industry this has become known as “buying down the rate”. So what does that mean and how is it figured out? For starters buying down the rate on a new mortgage generally means you … Read more
If you’ve purchased or refinanced a home years ago you’ll remember a document called the Good Faith Estimate (GFE). However that was changed a few years back and now mortgage lenders issue the Loan Estimate (LE). Why the change? Regulators decided that the disclosure needed an overall and they also were trying to find a way to reduce the number … Read more