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
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.
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
Contrary to what many of us grew up believing, there's no magical age at which we should own our first home. Instead, becoming a homeowner should be based on your unique path and future life plans.READ MORE
If you have funds in the bank, the SmartFunds loan product may be the smart way to qualify for a mortgage.READ MORE
This year's spring home-buying season, when the frenzy typically kicks off for the year, appears to be off to a slow start—particularly in and around some of the nation's most expensive, coastal cities.READ MORE
Applications to purchase a home increased 2 percent for the week - the first uptick in a month - a sign of optimism in the housing market.READ MORE
Investing in properties requires more complex loan products - like the kind we offer.READ MORE
With more seniors aging in place and choosing not to sell their family homes, millennials are struggling to find homes. This trend may be the reason why multifamily lending was on track to set another record in 2018.READ MORE
After ending 2018 in a slump, demand for housing is suddenly soaring again, thanks to a drop in mortgage rates.READ MORE