It may be a greater supply of homes for sale. It may be price cuts on those homes. Whatever the reason, buyers are coming back to the market, and driving mortgage demand.READ MORE
Welcome to the Lending Cafe - New Penn's Blog
If you've ever been dazed and confused by home financing options, or just wanted a handy resource for mortgage tips to help you save money and improve your financial situation, help is here.
In the Lending Café, New Penn Financial's mortgage experts offer their advice and insights into the complex world of mortgage lending-to make things simpler for you. No financial jargon here, just straight talk in simple layman's terms. Stop by our blog often for information on all things mortgage related. We hope you find the Lending Café a helpful resource that helps you make the best decisions regarding your own mortgage needs.
At the Lending Café, you'll have to supply your own cup of coffee, but we'll supply plenty of food for thought.
What makes a loan "jumbo" and is this the right kind of mortgage for you?READ MORE
The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the Federal Housing Finance Agency (FHFA) for both September and the third quarter mostly kept chugging along.READ MORE
Through a statement from its new President and CEO Robert D. Broeksmit, the Mortgage Bankers Association (MBA) said it welcomed news of the continued improvement in the Capital Reserve Ratio and that FHA is continuing to closely monitor its forward book of business as it continues to perform well.READ MORE
While people make the choice to own or rent that suits them at a given point, maybe more young adults should take into account the long-term consequences of renting when homeownership is an option.READ MORE
SmartCondo is a loan type designed to make buying a condo more flexible, whether it's a home, a getaway or an investment.READ MORE
There is an effort underway to make it easier for independent contractors to receive loans.READ MORE
How much you have to earn to buy a home largely depends on where that dream house is located.READ MORE