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...

 

Refinancing Is Easy

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Refinancing Your Mortgage.  Although home refinancing is an in-depth process, it is actually much less difficult than one might think. Many people who are looking for a mortgage refinance are doing so in the throes of an emergency; however, the best way to conduct this kind of transaction is with a calm mind and an eye to the future.

     First of all, to get the right mortgage refinance, get the right help on your side.  Although there are many resources available to the public about home refinancing, this is still the realm of professionals. It is very possible for an individual to do the research necessary to do all the calculations that are necessary to get the best deals; however, this is a time-consuming process that tends to must sacrifice of other activities to do correctly.  Make sure that you have a reputable financial professional on your side before you begin going into banks and other underwriters looking for a refinance package.

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     Second, do not let yourself be caught unawares of the many pitfalls of taking on a home mortgage.  The first step in this article is to get the help on your side. However, under no circumstances should you go into the process with your eyes closed incomplete trust of anyone. You must first understand your personal situation and the goals that you are looking to reach before you can help your professional help find the strategies and tactics to use.

     The napkin calculations that have to do with interest rates and monthly themes should be conducted on a personal level before going any outside help. There are many free resources on the Internet that will help you to conduct these calculations quickly. These figures can then be used to vet the professionals that will be helping you on your journey.

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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 Soar To 10-Year High

The National Association of Realtors’ Pending Home Sales Index measures the number of contracts to buy homes that are signed in any given month. The index is considered a good predictor of future home sales because it tracks signings not closings, which take place roughly a month later. In April, pending sales were up 5.1 percent and reached their highest level since February of 2006. Lawrence Yun, NAR’s chief economist, said demand has exceeded expectations so far this spring. “The ability to sign a contract on a home is slightly exceeding expectations this spring even with the affordability stresses and inventory squeezes affecting buyers in a number of markets,” Yun said. “The building momentum from the over 14 million jobs created since 2010 and the prospect of facing higher rents and mortgage rates down the road appear to be bringing more interested buyers into the market.” Markets in the South and West were particularly strong in April, with both seeing double-digit increases over the month before. Overall, the number of signed contracts to buy homes was 4.6 percent higher than it was at the same time last year. 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!

Demand For Home Purchase Loans Rises

According to the Mortgage Bankers Association’s Weekly Applications Survey, the number of Americans who requested applications for loans to buy homes rose 5 percent last week. The improvement puts demand for home purchase loans 17 percent higher than it was at the same time one year ago. Lynn Fisher, MBA’s vice president of research and economics, told CNBC purchase application demand rebounded last week after a slight lull. “Purchase applications got back on track last week, resuming the level of activity observed throughout most of April and May,” Fisher said. On the other hand, refinance demand was relatively flat – mostly due to a slight rise in average mortgage rates. In fact, rates were up across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Also in the report, the average home purchase loan hit an all-time survey high of $307,700. This reflects a lack of homes available for sale at the lower end of the market. Since there are more high-end homes for sale this spring, the average loan size has climbed. The MBA’s weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

lending tree

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 Post Biggest Gain Since ’92

Sales of newly built, single-family homes rose 16.6 percent in April, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The gain was the largest month-over-month increase since 1992 and puts new home sales nearly 24 percent higher than they were last year at this time. Combined with rising housing starts, building permits, and sales of previously owned homes, the improvement is another sign that the housing market and economy are gaining strength. And, though economists expected new home sales to increase in April, the actual numbers far exceeded their predictions. In fact, economists polled by Reuters forecast sales rising to a 523,000 unit-rate, while the official estimate came in at 619,000. Regionally, the South, West, and Northeast saw dramatic double-digit increases over the previous month. The Midwest, on the other hand, experienced a 4.8 percent drop in sales. The report also included news that the median price for a new home set a new record at $321,100, up 9.7 percent from last year. 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!

Are Low Credit Scores Discouraging Buyers?

A recent review of home loan activity conducted by CoreLogic reveals a significant difference between the average loan applicant today compared with 10 years ago. The analysis looked at possible reasons loan originations have dropped over the past decade. Tighter credit standards are often blamed for keeping potential buyers from entering the housing market. But – though credit availability is tighter today than it was before the financial crisis and recession – there hasn’t been an equivalent increase in the number of applicants who have been denied loans. This indicates that, though credit standards have been raised, they may not be the only reason loan originations have dropped. In fact, CoreLogic’s analysis found that the average borrower credit score last year was nearly 750, while it was closer to 700 in 2005. The fact that average credit scores have increased could point to a drop in the number of loan applications from buyers with lower scores. If potential buyers are being discouraged from applying for a loan because their credit score isn’t optimal, it could be contributing to the overall drop in originations. It also means that loosening credit standards may not be the key to unlocking mortgage demand. Instead, consumers may need to be better informed about lending standards and how to check, correct, and maintain a good credit score. 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!

Spring Rebound To Follow Slow 1st Quarter

Much like last year, the first quarter of 2016 was slower than expected. Both the housing market and broader economy showed weakness amid harsh winter weather and global economic uncertainty. But also like last year, Fannie Mae’s Economic & Strategic Research Group says economic growth should rebound in the spring and continue to grow through the remainder of the year. Doug Duncan, Fannie Mae’s chief economist, says an uptick in hours worked and average hourly earnings should help support consumer spending, which will help boost the economy. He also expects home sales to climb. “Home sales are expected to pick up heading into the spring season amid the backdrop of declining mortgage rates, rising pending home sales and purchase mortgage applications, and continued easing of lending standards on residential mortgage loans,” Duncan said. “Meanwhile, the homeownership rate showed signs of stabilizing during the first quarter of this year, as the relatively high homeownership rates among Baby Boomers have helped offset low homeownership rates among Millennials, many of whom remain on the sidelines due to ongoing affordability issues.” 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!

Mortgage Rates At Lowest Level In A Year

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were mostly flat last week. In fact, rates for 30-year fixed-rate loans with both conforming and jumbo balances were unchanged from one week earlier while rates for loans backed by the Federal Housing Administration and 15-year fixed-rate mortgages dropped. By the end of the week, average rates were as low as they’d been in nearly a year. That didn’t spur demand for mortgage applications, however, which fell 1.6 percent from the week before. Joel Kan, MBA’s associate vice president of industry surveys and forecasting, told CNBC that the declining demand for home purchase loans was mostly seen at the higher end of the market. “Purchase applications jumped up during the first full week of April and had effectively remained at that level, on an unadjusted basis, before falling this week,” Kan said. “The seasonally adjusted purchase index decreased to the lowest level since February, led by declines in applications for larger home purchase amounts.” Purchase volume was still almost 12 percent higher than one year earlier, despite the decline in jumbo loans. 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!

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