Paramount Mortgage - Lender's Blog

Honor All Year Long

On Veterans Day, most in our great country paused to say “Thank you” to those who are serving or who have served in the past. It certainly brought a smile to our faces to see schools, communities, and individuals find a way to honor the service and sacrifice of many. We hope that you had a chance to participate in some way.

Save Your Credit Score through the Holidays for Spring Homebuying

There’s not much time left before the malls are flooded with busy holiday shoppers. And for those who plan ahead, the shopping probably started a long time ago. A recent blog from VantageScore emphasizes the importance of making sure shoppers don’t destroy their credit score right before the busiest home-buying season.  

The holidays may still seem a way off, but when the possibility of securing a home in the spring is on the line, the time to plan is now.

What is the main area where consumers hurt their credit during the holidays?  –  Credit cards.

Top Cities for Building Wealth

A new Bankrate study has listed the best cities for building wealth in 2016:

Top Five Housing Markets for Fall

Ten-X, an online real estate marketplace, recently released its Top Single-Family Housing Markets Report for Fall 2016, which ranks the nation’s 50 largest housing markets using current and forecasted housing fundamentals. Florida cities and Las Vegas top the list.

The top five (in order) were Fort Lauderdale, Palm Beach County, Tampa, Orlando and Las Vegas, each demonstrating an energetic combination of consistently strong demand, home price appreciation, and economic and demographic growth.

Simple Ways to Increase Your Property Value

Whether you hope to sell your home soon or live there for many years to come, your property value is important. Any improvements need to be completed with long-term ROI (return on investment) in mind. There are several projects that will increase the value of your home without spending a great deal of money. Before listing for sale or arranging for an appraisal, consider the following projects.

A Little Mortgage / Real Estate Humor...

 

Trick or Treat

Your home is your haven, your safe place, your escape from the world…except for the next week. It’s Halloween, and nearly half of the country will be decking the halls with spooky decorations. With that in mind, we offer some tricks and treats for the homeowner.

Mortgage Experts' Pet Peeves

Did you know that last week was National Pet Peeve Week? Yes, it was a week to “celebrate” those little things that drive us up the wall. Among the top pet peeves around the world are people who excessively use their mobile phones and people who cut in long lines, as well as the long lines themselves.

5 Tips to Minimize Stress in the Mortgage Process

Purchasing a home is one of the biggest financial decisions many will make in their lifetime. There is a lot to consider when looking at prospective mortgages, and finding the right mortgage can be overwhelming. These five steps can help:

1. Know your budget
Take into account not only the mortgage price but also insurance, taxes, maintenance, utilities, etc. Calculate an affordable monthly payment and then figure out the corresponding home price.

Will Conforming Loan Limits Rise in 2017?

The likelihood that the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is high now after meeting one certain condition, according to HousingWire.

Earlier in 2015 there were predictions that the loan limits would rise for 2016, however in November of 2015 the FHFA announced that the conforming loan limits would remain unchanged for much of the country.

Pages