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06
Apr
2021

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Tara Szopinski Uncategorized 184 Comments

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average Continue reading »

18
May
2018

WHEN NOT TO TAP YOUR HOME EQUITY

CBC National Bank Mortgage Tips, Uncategorized 7,905 Comments

Tapping into the equity of your home is only an advisable option in specific circumstances. You have worked hard to gain equity, so don’t tap into it unless it’s a necessity. Cash-out refinancing is on the rise yet again. In the second quarter of 2017, equity cashed out increased $1.2 billion from the first quarter. Continue reading »

07
Mar
2018

The Benefits of Using a Veterans (VA) Loan To Purchase Your Home

CBC National Bank Uncategorized 0 Comment

U.S. military veterans have opportunities to enjoy some richly-deserved benefits in other aspects of their lives, including some special options for financing their homes. VA loans may give active military personnel, retired veterans, and sometimes surviving family members of veterans the ability to purchase homes that might not prove available to them through more conventional mortgage loans.

29
Aug
2016

What’s Ahead For Mortgage Rates This Week – August 29, 2016

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

Last week’s economic reports included readings on new and existing home sales, a speech by Fed Chair Janet Yellen, and a report on consumer sentiment. Weekly reports on mortgage rates and new jobless claims were also released.

25
Aug
2016

The Type of Home You Want to Buy Determines Your Closing Cost and Here’s Why

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment but the closing costs as well. The closing costs can account for as much as three to five percent of the sales price in some cases, so this can be a rather sizable amount of money. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased. With a closer look at why this is, home buyers can make a more educated decision when selecting a home to purchase.

22
Aug
2016

What’s Ahead For Mortgage Rates This Week – August 22, 2016

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

Last week’s economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.

29
Jan
2016

Video: What Is “Prime”?

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

What Is Prime? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime.

15
Jan
2016

Who Is Exempt From The VA Funding Fee?

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.

18
Dec
2015

Video: What Steps Need To Be Taken To Secure A Loan

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

What Steps Need To Be Taken To Secure A Loan
You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application.
To do so, you’ll need the following information.

06
Nov
2015

How Are Pre-Qualifying And Pre-Approval Different?

CBC National Bank Mortgage Tips, Uncategorized 0 Comment

How Are Pre-Qualifying And Pre-Approval Different? Watch this video and it’ll make sense. Pre-qualification is an informal way to see how much you maybe able to borrow – but not a commitment by a lender.

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