Mortgage Blog by Melissa
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Scooped by Melissa J. Holt - MLO# 331083
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Welcome to the ‘Sharing Economy’ - very interesting!

Welcome to the ‘Sharing Economy’ - very interesting! | Mortgage Blog by Melissa | Scoop.it
Who knew the spare bedroom could pay the monthly mortgage?
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Scooped by Melissa J. Holt - MLO# 331083
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Flexible financing boosts luxury home market

Flexible financing boosts luxury home market | Mortgage Blog by Melissa | Scoop.it

It’s a good time to buy an expensive home.

 

Jumbo mortgage loans, which sizzled during the housing market’s run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to the terms offered to buyers of much less luxurious homes.

 

As a result, more consumers are able to consider the purchase of luxury homes, a market that has been long stalled. In June, 94 homes sold for $1 million or more along Chicago’s North Shore, the best single month for those home sales since August 2007.

 

Nationally, the annual dollar volume of jumbo loans is on pace to be the best since 2007, and a growing field of lenders is seeking to build a customer base or cement established relationships by offering those mortgages.

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First Person: Combating Rising Mortgage Interest Rates - Yahoo! Finance (blog)

First Person: Combating Rising Mortgage Interest Rates - Yahoo! Finance (blog) | Mortgage Blog by Melissa | Scoop.it
First Person: Combating Rising Mortgage Interest Rates Yahoo! Finance (blog) According to a recent CNN Money article, mortgage rates are rising at a record pace.
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Thousands of borrowers to get mortgage payments reduced

Thousands of borrowers to get mortgage payments reduced | Mortgage Blog by Melissa | Scoop.it

Starting this week, hundreds of thousands of struggling borrowers could be in for a pleasant surprise: a quick and easy way to get their mortgage payments back on track -- and save considerable money.

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