Should You Refinance?

Four things to ask yourself... 1.) How is your credit rating? 2.) What is your present home worth, what do you owe? 3.) Will you be selling your house in the near future? 4.) Will you make the best deal you can? Read more...

Have Less-Than-Perfect Credit?

This is a brand new and exciting offer for those with less-than-perfect credit seeking a new home mortgage or to refinance their existing home. Peak Home Loans specializes in bad & poor credit mortgage refinancing and home purchases. Since 2004 that has been our sole mission... getting approvals, great rates & favorable terms for those without perfect credit. And we’ve finally put the final pieces of the puzzle in place for you. That’s right, we just assembled the most exciting state-of-the-art lending solution in the United States. This guarantees you the lowest rate and best terms regardless of your credit history. Read more...

Jump For Joy With A New Mortgage!

At Peak Home Loans, we will tailor a home purchase loan just for you. Whether you are interested in the lowest rate home loan, lowest up-front loan cost or lowest APR we have a home purchase loan package to fit your needs. We even offer zero down loans for home buyers - up to 95% of your home’s value. Read more...

Mortgage Underwater? Use HARP Refinancing

The Home Affordable Refinance Program, or HARP loan, is a program that will allow you to get a new and more reasonable mortgage that fits your budget. This particular program is for situations where the home value has decreased quite a bit, and as such, it’s been hard for the home owner to get more traditional loans or financing options. Read more...

Save Big Money With A New Home Loan From Peak Home Loans

We provide home loans starting at 2.63% for home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more. A $100k loan with Peak Home Loans is only $404/mo. Up to 4 in 5 can qualify. Rates are at an all-time low, you should consider applying today. Read more...

 

Are Low Rates Offsetting Higher Home Prices?

With home prices largely recovered from the crash, affordability is once again a concern for the average American home buyer. In fact, there has been a lot of discussion recently about whether higher prices will lead to a drop in buyer demand or if still low mortgage rates and a better job market will help keep demand high and affordability conditions favorable. According to Black Knight Financial’s latest Mortgage Monitor, demand is still healthy but home price increases have begun to cut into the amount of savings buyers can expect from historically low rates. For example, without factoring in home price movement, recent mortgage rate declines would be saving buyers approximately $44 a month on their monthly payment. However, when including the rate of price gains, that savings falls to $18. Ben Graboske, Black Knight’s data and analytics SVP, says home prices are muting the effect low mortgage rates are having on housing affordability. “By and large, borrowers are still seeing net reductions in monthly payments across the country heading into the early home buying season,” Graboske said. “In some areas though, prices are appreciating so quickly that they may have fully offset any savings from rate declines.” However, declining mortgage rates have had a positive impact on housing affordability. According to Graboske, without falling rates, buyers would have been paying an additional $28 a month for the median-priced home compared to the end of last year. More here.

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You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Housing Poised For Best Year In A Decade

Housing markets across the country are trending positive and it could lead to real estate’s best year in a decade, according to Freddie Mac’s chief economist, Len Kiefer. “The U.S. housing market is poised to have its best year in a decade,” Kiefer said upon release of this month’s Multi-Indicator Market Index. “The National MiMi currently stands at 83, the highest since September of 2008. And the trends are nearly all positive.” The index – which compares current market data to long-term norms – looks at things like demand for home purchase loans, proportion of on-time mortgage payments, and the job market in all 50 states and the top 100 metropolitan areas. Year-over-year, the index has improved by 7.46 percent and 35 states have returned to their long-term stable range. According to Kiefer, the improving national trend can be found in local markets as well. “We still see pockets of weakness in the Midwest and South, while the Northeast and West are generally doing better,” Kiefer said. “But most markets in the Midwest and South are improving according to MiMi.” In fact, the index found 59 percent of included metro areas are now within their stable range with Austin, Denver, Salt Lake City, Honolulu, and Los Angeles rounding out the top five. More here.

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You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Pending Home Sales Signal Strong Spring

For the second straight month, pending home sales increased from the month before, according to new numbers released by the National Association of Realtors. The Pending Home Sales Index – which measures contract signings not closed sales – was up 1.4 percent from the previous month and reached its highest reading in almost a year. Lawrence Yun, NAR’s chief economist, says March’s increase is a sign that the spring buying season is off to a solid start. “Despite supply deficiencies in plenty of areas, contract activity was fairly strong in a majority of markets in March,” Yun said. “This spring’s surprisingly low mortgage rates are easing some of the affordability pressures potential buyers are experiencing and are taking away some of the sting from home prices that are still rising too fast above wage growth.” Though affordability concerns persist, there is still strong demand from buyers – which is being sustained both by low borrowing costs and an improved job market. Regionally, only the West saw a decline in March, falling 1.8 percent from the month before. The Northeast and South were both up approximately 3 percent, while the Midwest was mostly flat. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

New Home Sales On Pace To Surpass Last Year

New numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new homes down 1.5 percent in March from February’s estimate. However, the monthly total doesn’t tell the whole story. A closer look at the report reveals that combined sales for December, January, and February were revised upward by 23,000. Along with the fact that new home sales are still 5.4 percent above last year’s level, that means sales are still on pace to beat last year’s total – which was the best year of sales since 2007. In fact, so far this year, new home sales are already 1.3 percent above the same period last year. Also, economists expect that – though the first quarter of this year has been slower than anticipated – things should pick up as the year goes on. In addition to the relatively good sales news, the median price of a new house was down slightly last month. The report found the median sales price of new homes sold in March was $288,000; the average price was $356,200. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Outlook Unchanged Despite Slow Growth

Despite the fact that economic growth stalled during the first quarter of the year, the outlook for the remainder of the year has not changed, according to Fannie Mae’s Economic & Strategic Research Group’s April 2016 Economic and Housing Outlook. In fact, the group’s latest forecast calls for a pickup in consumer spending and overall growth during the second quarter. Doug Duncan, Fannie Mae’s chief economist, says the housing market should also remain steady, despite some challenges. “Our forecast for housing activity, mortgage rates, and mortgage originations are little changed in the April forecast,” Duncan said. “We expect total mortgage originations to decline about 9 percent in 2016 to $1.56 trillion, with a refinance share of 40 percent. Sustained improvement in the labor market and personal incomes among young adults should draw more potential home buyers into the housing market, but many will continue to face affordability challenges. Home price growth has been rising at a faster clip than incomes, and the increasing supply of single-family housing is skewed toward larger and less affordable homes. These factors continue to weigh on housing affordability, particularly for first-time home buyers.” More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Real Estate Remains Top Investment Choice

Americans continue to choose real estate as the “best long-term investment” when given a choice between it and gold, stocks and mutual funds, savings accounts, and bonds. In fact, 35 percent of respondents to a recent poll from Gallup said they thought real estate was the best investment, up from 19 percent in August 2011. Stocks and mutual funds came in second at 22 percent and gold – which topped the list just five years ago – was preferred by only 17 percent of respondents. Gold prices have fallen over the past few years and, as a result, the number of Americans that consider it a good investment has dropped. Real estate, on the other hand, has been rebounding. The average sale price of new homes has risen to $348,900 from $259,300 since 2011 and, with home prices still rising, so has the number of participants who chose it as the safest investment. However, the results vary when broken down into demographic groups. For example, Americans under the age of 30 were the least likely age group to choose real estate and the most likely to prefer savings. On the other hand, stocks were preferred most by Americans with higher incomes. Surprisingly, renters were almost as likely as homeowners to pick real estate as the best investment. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Steady Rates Lead To Increasing Demand

According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for mortgage applications rose last week, though home buying activity was relatively flat from the week before. The Purchase Index – which tracks application demand for loans to buy homes and is considered a good indicator of future sales – was down 1 percent, though it remains 17 percent above last year’s level. The year-over-year improvement suggests buyer interest has been strong so far this spring due, in part, to the fact that mortgage rates remain historically low. Combined with solid job creation, low interest rates are expected to help keep demand high this year by counteracting home price increases and low for-sale inventory. Last week, rates continued to hold firm. In fact, average rates for 30-year fixed-rate mortgages with both jumbo and conforming balances were virtually unchanged from the week before. On the the other hand, mortgage rates for loans backed by the Federal Housing Administration and 15-year loans both decreased. Spurred on by low rates, refinance activity jumped 3 percent, which helped boost overall demand by 1.3 percent. The MBA’s weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

You should visit Peak Home Loans for refinance mortgage help and advice.  They offer 2.67% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more.  A $100k loan is only $404/mo.  4 in 5 will qualify.  Rates are at an all-time low, Apply Today!

Attn: Special Rates Available Until 05-31 For Residents Of California & Neighboring States!