Paramount Mortgage - Lender's Blog

Home Buyers' Scams

"As real estate professionals who deal with home buyers on a daily basis, it is important to notify your buyer about company(s) who may solicit them after closing - regardless of where they close," states Kay Nuernberger of Security Title Insurance Agency.

After the Storm

This time of year in the Midwest, we turn our eyes to the skies. This year has been no exception; devastating storms and tornadoes have swept through the St. Louis area. Our neighbors in Oklahoma have suffered greatly, and our hearts and prayers go out to them during this difficult time!

When Buying a Home, What is Important? (Part Two)

If you missed part one, you can read it here.

A loan rate can look great in an advertisement, but once bankers have drawn you in to the branch office, what will you really pay? Points, PMI (private mortgage insurance) and closing costs can drive your mortgage cost up.

Number Games - Understanding Your Credit Score

What do the following numbers have in common: your age, your weight, your annual income? All these numbers have some effect on your life.  All are numbers that you think about quite a bit. All are numbers that you may wish were different.

When Buying a Home, What is Important? (Part One)

Do you long for bucolic pasturelands? Feel energized by urban cityscapes? Looking forward to a family-friendly suburban lifestyle? It's important to think of the limitations each locale places on your lifestyle and the perks each has to offer before making the commitment to buy.

Your May To-Do List

Things sure are heating up around here! Of course, we’re talking about the weather. As the month of May passes, it is time to break out the BBQ grill and the sunscreen, and head out to play.  Remember that a little TLC for your home will make your summer even sweeter. With that in mind, here are a few items to put on your to-do list:

Buying a Home after Short Sales and Foreclosures

"Back when the Great Recession began, Cary Schneider lost a wife and a job and, because of that, lost his house, too," states Jim Gallagher, reporter for the St. Louis Post-Dispatch. Schneider has since replaced all three. His is a tale of loss and recovery. Schneider is proof that people can pick themselves up and become homeowners again after foreclosures and short sales.

Where are Mortgage Rates Heading in 2013?

Midway into the spring home-buying season, the housing market continues to pick up steam, with mortgage rates still at historic lows. Many homebuyers are wondering where mortgage rates are heading this year, as they consider purchasing a home.

Great Deals for First-Time Homebuyers

Home prices are finally starting to recover, but they're still low enough to get a great deal. Add to that the fact that interest rates that are at historic lows, and 2013 may be the time for first-time home buyers to finally get in the game.

"We think the answer, definitively, is that home prices have bottomed," says Stan Humphries, chief economist of real-estate firm Zillow. "Right now, buying looks very attractive, even for short-term time horizons."

Home-Buying Techniques Returning?

They're back after barely a decade: escalation clauses in real estate contracts, "naked" contingency-free offers and low-ball-priced listings designed to pull in dozens of bidders and turn routine sales transactions into auctions.

These are all techniques last seen with frequency during the frothiest months of the housing bubble in 2004-05, when prices were rising at double-digit rates, buyers thought they couldn't lose money in real estate and mortgage financing was available to anybody who could sign a loan application.