Joe Gonzalez at CrossCountry Mortgage, Inc.

Starting to Shop for a Mortgage? How to Assess Your ‘Debt-to-Income Ratio’ and Why This Number Matters

Posted on June 25, 2014 by joeglez

For those who are looking to get a mortgage, the most important factor for having a mortgage application approved is the debt-to-income ratio of the borrower.

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The FHA Hawk Program for New Homebuyers is Coming: Here’s How It Affects Your Mortgage Insurance Premiums

Posted on June 24, 2014 by joeglez

The FHA offers many new programs and incentives for new homebuyers to take advantage of so that they can be part of the effort to ease the credit crisis.

What’s Ahead For Mortgage Rates This Week – June 23, 2014

Posted on June 23, 2014 by joeglez

Last week’s scheduled economic news included the National Association of Home Builders/Wells Fargo Housing Market Index, Housing Starts and Building Permits. The Fed’s Federal Open Market Committee (FOMC) issued its usual statement at the conclusion of its meeting, and Fed Chair Janet Yellen also gave a press conference.

Dos And Donts Of Buying Distressed Real Estate

Posted on June 20, 2014 by joeglez

Distressed real estate is real estate in need of serious repairs. These properties are often called “handyman specials.” If you have the skill or the money to complete the repairs, you can often find great deals. Here are some dos and donts of buying distressed real estate.

FOMC Statement: Quantitative Easing Tapered by $10 Billion

Posted on June 19, 2014 by joeglez

The Federal Open Market Committee (FOMC) determined that current economic conditions warranted another $10 billion reduction in the Fedâs asset purchases.

Should You Finance The Sale Of Your Home By Yourself?

Posted on June 18, 2014 by joeglez

You’ve decided to put your home up for sale. Now, how are you going to make the most money selling it and get it sold the fastest? Perhaps you should consider providing owner financing, also known as seller financing.

What To Do When Your Real Estate Loan Is Declined

Posted on June 17, 2014 by joeglez

There are many reasons why a mortgage loan could be declined. It doesn’t have to be the end of your real estate dreams. Here are a few things to consider if you’ve been turned down for a mortgage.

What’s Ahead For Mortgage Rates This Week – June 16, 2014

Posted on June 16, 2014 by joeglez

Last week’s economic news was quiet in the housing sector, but retail sales and employment-related reports provided indications of less consumer spending and reduced consumer confidence.

What Are The Closing Costs Of Real Estate?

Posted on June 13, 2014 by joeglez

You’ve found the perfect property and a great mortgage loan with the best interest rate you can find. What’s next in the home buying experience? Signing the contracts and paying the closing costs. But what exactly are closing costs?