From John Inzeo, Vice President, Wisconsin Mortgage Corporation Financing a new home can be both a stressful and satisfying experience. Unfortunately, in today’s lending environment, much of the stress is created during the process of getting your loan approved. A good lender will prepare you for the financing portion of your journey. With today’s regulations, it can seem like [...]
Mortgage
Mortgage Rates Remain Affordable, but Should Increase by the End of 2013
Although mortgage rates for the 30-year Fixed Rate Mortgage (FRM) hit their all-time lows in September and October 2012, low rates continue, making house buying affordable. The Federal Reserve has been artificially holding rates down to stimulate the economy, and it has been working! The growth we have seen, especially in the last year, shows [...]
Foreclosure Rates Fall to 1.9% in Southeastern Wisconsin, Down Nationally
Foreclosure rates continue to decline in southeastern Wisconsin, reaching a new low of 1.93% in February for the Milwaukee region. According to CoreLogic, this is down .7 points from the same month year-over-year. This local foreclosure rate is higher than Wisconsin’s average rate of 1.65% but it is still lower than the overall national rate [...]
Shorewest, REALTORS® and Wisconsin Mortgage Corporation Show Impressive Growth
Shorewest, REALTORS® All data shown above reflects January 1-March 31 of that year. Shorewest, REALTORS®, Wisconsin’s Largest Home Seller™ since 1951, continued to grow in the first quarter of 2013. From January 1-March 31 of 2013, Shorewest reported closed sales of 2,051 units and over $396 million. Compared with the same period in 2012, sales [...]
Wisconsin Mortgage Corporation Celebrates 30 Years
Wisconsin Mortgage Corporation is celebrating 30 years of serving Wisconsin throughout 2013. To honor all of the hard work and dedication of the Wisconsin Mortgage team, Wisconsin Mortgage threw a casino night party in downtown Milwaukee. Hosted at the Wisconsin Club, a great time was had by all who attend. Be sure to check out [...]
Wisconsin Mortgage Corporation is the FHA’s Number One Independent Mortgage Banker During 2011 and 2012
During the two-year period of 2011 and 2012, Wisconsin Mortgage Corporation was the number one independent mortgage banker. Overall, Wisconsin Mortgage was the third highest provider of Federal Housing Administration (FHA) loans behind US Bank and Wells Fargo. Wisconsin Mortgage assisted 899 families over the two-year time period. “We are all proud of the track [...]
My Best Advice to Home Buyers
From John Inzeo, Wisconsin Mortgage Corporation Many potential home buyers ask us what the most important first step in acquiring financing for their home purchase. The answer is easy — get an authentic pre-approval! All too often we hear lenders exclaim that they can pre-approve buyers without accessing their credit report. Simply put, this is [...]
Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews
The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On Monday, January 7, however, a group of 10 mortgage servicers agreed to pay a total [...]
Five Loan Worries for Buyers
While 30% of buyers today are paying cash, 70% are using a mortgage to purchase their new home. Even with a good pre approval, buyers still worry about getting to the closing table. Here are the top five worries buyers fret over: Good Faith Estimate – This is the form given to a buyer when [...]
Mortgage Rates for Summer 2012 at an All Time Low
Mortgage rates have been falling throughout summer 2012 and continue to entice potential buyers. Surveys have shown 30-year fixed-rate mortgages averaged 3.57%, falling from the previous month’s average of 3.71%. In July 2011, the 30-year FRM averaged 4.60%. The 15-year FRM is also down this week to 2.97%, compared to last year’s 3.69%. The 15-year [...]