Premier Mortgage Resources Blog
Mortgage underwriter software gets useful updates in March
Fannie Mae recently announced that it is releasing updates to the Desktop Underwriter. Some of the major changes include a desktop appraisal option, high-balance LLPA waiver, updates to align with Selling Guide and others. Updates will go live March 19. Desktop...
4 tips for winning real estate market in 2022
With a new year just around the corner, you’re probably excited for what’s to come. Hopefully, 2022 will be a much brighter year as you pursue your dream of homeownership. There will be new challenges in the coming year, chief among them is the likelihood that...
Things to know about VA cash-out refinance loans
Many homeowners might be thinking about how to take advantage of today’s low interest rates without having to rebuy a home. Given today’s rates, opportunity is within reach. Homeowners can enjoy lower interest paid over the life of the new loan and the benefits of a...
Keys to successfully purchasing home during winter season
In today’s market, nothing can hold you back from pursuing your dream of homeownership, not even the bitter cold of winter. While winter isn’t the traditional home-selling season, there are still some things buyers should keep in mind as they kickstart their real...
Mortgage activity picks up steam in September
Labor Day was a productive time in the real estate market. After a small slump the weeks before, the volume of first mortgage applications during Labor Day week shot up by nearly 5%. The positive news is just one sign of a healthy real estate market and added housing...
New PMR loan program allows first-time buyers easier access to a home loan
Buying a home remains a challenge for many willing buyers. Rising home prices and a competitive home-buying field can leave some future homebuyers on the sidelines for a long period of time. For other potential homebuyers, a few tweaks to their financial standing will...
Homeownership among first-time buyers grows
Applications for first-time homebuyers are on the rise, according to a new real estate market report. The Mortgage Bankers Association released statistics covering the last few weeks and found that the volume of mortgage applications fell slightly overall, driven by a...
Why you should use a real estate agent to purchase a home
People love DIY projects. Who can blame them? It lets them save money and explore their creative side. A do-it-yourself approach to homebuying, however, is not the next project you should take on. While it’s possible to purchase a home without a licensed real estate...
Home sales spike upward following small April detour
Home sales in the month of April were an anomaly. Sales fell by nearly 4.5%. Market insiders expected another banner month of sales, but the numbers contradicted expectations during prime home-buying season. Even the National Association of Realtors’ pending home...
5 things to remember when selling and purchasing homes at the same time
Selling a home is thrilling, but it’s also a lot of work. The same can be said about buying a home. If you’re ready to both maximize the equity in your home and reimagine your dreams of homeownership, here are five considerations that can keep up with your ambitious...
Home price gains continue to define real estate market
Record-setting, never before seen, shattering. These are the many ways to describe what’s still happening in the real estate market. Sustained home price gains continue to put sellers in the driver’s seat. CoreLogic reports the year-over-year numbers have reached...
How the Proposed $15,000 First-Time Home Buyer Tax Credit Works
A new tax credit of up to $15,000 for first-time home buyers is being proposed by the Biden Administration. A tax credit, unlike a deduction, decreases the total tax bill rather than lowering your taxable income. For example, if you owed $20,000 in income taxes and...