The combination of increased longevity and declines in the coverage of defined benefit pension plans means that retired homeowners increasingly risk running out of money because they live too long. Those who have significant equity in a home, however, can reduce or eliminate the risk if they use their equity wisely. This article will compare…
A mortgage rate lock helps protect home buyers from fluctuating mortgage rates as they’re getting ready to buy a home. It locks in the interest rate for a loan for a certain period of time until the buyer makes it to closing. By locking in a rate, buyers will know what to expect and won’t…
Buying a home is now more affordable than renting in most places, but there could be changes on the way. According to the ATTOM Data Solutions 2017 Rental Affordability Report, which analyzed data from 540 counties nationwide, buying a home is the more affordable housing option in 66 percent of the markets, up from 58…
Cornerstone First Financial is seeking qualified, licensed, and motivated Loan Officers to join our team of originators. Cornerstone First Financial is located in the Glover Park neighborhood of Washington DC, this boutique mortgage broker is looking for those loan officers that have a book of business that would like to supplement their loan originations with…
For current active duty, reservist and veterans to our military, the U.S. Department of Veterans Affairs offers home loans for borrowers looking to purchase a new primary residence, financing up to 100% of the sales price. While the U.S. Department of Veterans Affairs does have a financed funding fee, which is waived in the event…
Mark Livingstone, President and Owner of Cornerstone First Financial on The Don Kroah Show on WAVA 105.1 FM / AM 780 on September 9, 2014 discussing the state of the mortgage market, new home loan programs and the house and real estate landscape. Cornerstone First Financial serves Washington DC, Maryland and Virginia. We…
Borrowers who thought they’d seen the last of 30-year fixed mortgages with interest rates below 4% got a pleasant surprise this week, as stock market selloffs, fears of another world-wide economic slowdown, and perhaps an Ebola scare helped drive down mortgage rates to their lowest levels in more than a year. Interest rates on the…
A good local school can be one of the biggest drivers of home prices in a community. Peter and Megan Dale of San Francisco say their two-bedroom condominium in Cole Valley, just south of the Haight-Ashbury District, is starting to feel cramped; their two school-aged children share a single room. But they have no plans…
Jumbo borrowers rushed into interest-only mortgages during the housing run-up; now many face loans entering their principal-repayment period Jumbo-mortgage borrowers feasted on interest-only loans during the housing boom, enticed by low down payments and monthly outlays. But a monthly sticker shock could be ahead for these borrowers. During the peak of the housing boom, from…
Mark Livingstone, President and Owner of Cornerstone First Financial on The Don Kroah Show on WAVA 105.1 FM / AM 780 on May 12, 2014. Cornerstone First Financial serves Washington DC, Maryland and Virginia. We specialize in home refinance loans, home equity loans, purchase loans and debt consolidation loans. CONTACT US to discuss your mortgage…
Mark Livingstone, President and Owner of Cornerstone First Financial on The Don Kroah Show on WAVA 105.1 FM / AM 780. Cornerstone First Financial serves Washington DC, Maryland and Virginia. We specialize in home refinance loans, home equity loans, purchase loans and debt consolidation loans. CONTACT US to discuss your mortgage loan…
This was supposed to be the year that U.S. mortgage rates soared. Instead, they’re retreating. Interest rates unexpectedly fell this year after the Federal Reserve began scaling back the stimulus that held borrowing costs near record lows since 2011. After five weeks of declines, rates for 30-year fixed loans are at 4.12 percent, the lowest…