While the gig economy job structure is ideal for many, it can also create some unique financial challenges. This is particularly true when it comes to saving for things like retirement or a down payment on a mortgage.READ MORE
Welcome to the Lending Cafe - NewRez'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, NewRez's Loan Advisors 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 layperson'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.
Escrow is an important (and necessary) part of many big purchases, but it often catches first-time buyers off-guard. So, let’s take a look at what you can expect from an escrow account and how it will impact your home purchase.READ MORE
Throughout the mortgage process, you’ll come across many different people, each with a unique role. One of them is the loan officer, who serves as the primary point of contact for your mortgage lender.READ MORE
It’s time to take advantage of the spring buyers’ market. Review these 5 tips to buying a home in spring.READ MORE
Several factors play an important role in the mortgage process when buying a new home. Arguable the most important? Your credit.READ MORE
If you're considering buying a new house, there are many new people you will soon meet. But who are each of these individuals and where do they fit into the home-buying process?READ MORE
"Entry-level housing supply remains weak and is likely hindering some would-be-first-time homebuyers from finding a home. This, along with faster growth in the higher price tiers, is why the average loan application size has risen to a new high for three straight weeks."READ MORE
If you intend to buy a home in the near future, a mortgage is probably part of your plan. This special type of loan makes homeownership a reality for most Americans, who otherwise couldn't afford to make a purchase of that size.READ MORE
Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes.READ MORE
The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 621,000 units, the highest level since May 2018.READ MORE