Quickly tap into our robust knowledgebase, learn about mortgage programs and best practices, and stay up to date with the latest mortgage news.
Article
Tackling a Tough Housing Market
From runaway home prices to climbing interest rates, you’ve seen dramatic changes in the housing market this year — and more could come in 2023. Here are tips on how to ride out a tough market.
Inflated home prices and climbing interest rates have brought the housing market to a virtual standstill. But as you know, home designs continue to evolve, impress and attract potential buyers.
Mortgage Basics
How to Qualify for an FHA Loan
A Federal Housing Administration (FHA) Loan is a government-backed mortgage loan sponsored by the U.S. Department of Housing and Urban Development (HUD). This backing from the government significantly reduces the risks of these loans to the lender, allowing them to be more lenient in their borrowing criteria while having significantly lower down payments and closing costs than conventional loans.
Article
How to Manage Costs while Renovating a Home During Inflation
There’s no question. Inflation has been hitting the wallets of Americans in big ways and it isn’t for the best. With inflation at the highest it’s been in many homeowners' lifetime, you might be thinking that now is a better time to tackle a home improvement project rather than try to sell or buy a new home.
Mortgage Basics
What Changing Interest Rates Mean for Your Existing Mortgage Loan
If you are one of the millions of Americans who have noticed interest rates changing over the last several months, you’re not alone. Interest rates have adjusted sharply in recent months due to inflation, which had immediate impacts on the homebuying market.
Buying a home
Preparing Your Buyers For Today’s Housing Market
Climbing interest rates. Limited inventories. Volatile home prices. While conditions look bleak for today’s home buyer, our tips can help your clients weather the storm.
Article
Saving Your Clients Money
With rising home prices, rising interest rates and rising inflation, buyers have a right to feel squeezed. But a good real estate agent, like you, can help your buyers save money. Try our tips
Buying a home
What Is a Home Equity Loan?
If you are looking into renovating your home to increase its value, or you want to augment your source of retirement income, a home equity loan may be the right choice for you.
Borrowing funds for whatever purpose you need can be simpler and easier this way. But what are the steps you need to take? Starting with the basics of what a home equity loan is, how it works and how to apply for one, to what the home equity loan credit score minimum is to qualify, this blog can answer those burning questions you may have.
Buying a home
How Changing Jobs Can Impact Your Home Search
If you’re thinking about changing jobs, and you’re looking to buy a house, there’s a lot you should consider before you accept the offer. Whether the opportunity is with a new organization or within your existing company, or perhaps a new venture on your own, there are many scenarios where changing jobs can dramatically impact your home search.
The good news is that your employment history is only one factor that lenders look at when deciding to approve a borrower for a mortgage loan. Other factors include how much a borrower has saved up for a down payment, a borrower's credit history, how much is looking to be borrowed and current interest rates.
First Time Homebuyer
Common First-Time Homebuyer Misconceptions
According to National Mortgage Professional, as much as 80% of prospective first-time homebuyers are concerned about saving for a down payment on a house. If you’re one of these would-be homebuyers, you’re not alone.
With historically high home prices, slow construction starts, and rising inflation, it’s no wonder you might be the second-guessing if now is the right time to buy a house.
Not to fret. Mutual of Omaha is here to make the homebuying process easy.
