A federal judge on Nov. 9 sentenced three men to prison for participating in a real estate scheme where they lied on loan and credit applications in order to buy 14 properties across Northern California. One defendant reportedly bought five houses, including one in Elk Grove. “All of these homes were ultimately either foreclosed upon or sold in a short sale,” the U.S. Attorney’s Office reported in a press […]
Mortgage rates fell to their lowest level since early 2018, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.37% for the week ending Feb. 14, 2019, according to the survey, sliding from last week’s percentage. This week’s rate is slightly higher than last year’s rate of 4.38%. […]
A cash-out refinance isn’t just for paying off debt. You can also take advantage of the option to remodel your house, pay for a child’s tuition, fund a wedding or another need altogether. If you own a home and carry debt in several common ways (student loans, credit cards or […]
According to data from the Federal Bureau of Consumer Financial Protection , about one out of every nine loan applications to buy a new house (10.8%) and more than one in every four loan applications to refinance a home were denied in 2018. There are lots of reasons someone may […]
