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Category Archive: Mortgage Information

FAQ : What Is A Long-Term Lock Program For New Construction? Where Can You Get One In Omaha?

FAQ : What Is A Long-Term Lock Program For New Construction? Where Can You Get One In Omaha?
 OMG John 4/11/2018 11:38 AM
When we are working with clients who are interested in newly constructed homes, we often get asked about long-term lock programs for them. One of our partners, Michelle Ringsdorf at MB Financial Bank, recently sent us some information and today we are sharing a few of her thoughts on the blog. Read More

FAQ : Why Is Your Pre-Approval So Important Before You Start House Hunting?

FAQ : Why Is Your Pre-Approval So Important Before You Start House Hunting?
 OMG John 2/28/2018 6:00 AM
We cannot think of a better analogy than this one from BankRate.com when it comes to house hunting before getting a pre-approval for a home loan: “Shopping for a home before getting preapproved for a mortgage is the equivalent of walking into a grocery store without a wallet.” Read More

Top 10 Ways To Tank The Closing On Your New Home

Top 10 Ways To Tank The Closing On Your New Home
 OMG John 11/8/2017 6:00 AM
For many of us, it’s a lifelong dream to become a homeowner. It can be a stressful, drawn-out process. You can do a lot of things right, but you can also do a lot of things wrong. Here’s a list of the top ten things NOT to do to make sure you TANK the closing! Read More

Mortgage & Home Market Predictions For 2018

Mortgage & Home Market Predictions For 2018
 OMG John 9/27/2017 6:00 AM
2018 is approaching quickly and for those of you that are looking to buy a home or are already paying off a mortgage, the state of the economy is looking favorable. As you can see from this included newsletter on mortgage and home sales from our friends at SAC Federal Credit Union, Freddie Mac anticipates that the housing market will remain strong into and throughout 2018, due to the very strong labor market and low mortgage interest rates. Read More

Tips On Buying A Home While Also Selling A Home

Tips On Buying A Home While Also Selling A Home
 OMG John 4/19/2017 6:00 AM
If you are outgrowing your first home, then you are most likely on the hunt for a second slightly bigger home. You could have a lot of questions about what to look for in a second home and how to time selling your current home and buying your new one. Read More

Special Feature : Mortgage News from SAC Federal Credit Union, February 6, 2017

Special Feature : Mortgage News from SAC Federal Credit Union, February 6, 2017
 OMG John 2/6/2017 6:00 AM
"Real estate agents are one of the most important sources of information home buyers use to learn about new homes. Last year, 33% of buyers learned about their new homes through a real estate agent. Agents' influence is not declining despite consumers' use of the Web, and for most new home transactions, Americans still prefer to have a real estate agent. Last year, 87% of buyers purchased their home through a real estate agent or broker - a share that has steadily increased from 69% in 2001, per the National Association of Realtors." Read More

Qualifying For A Mortgage When You Work Part-Time

Qualifying For A Mortgage When You Work Part-Time
 OMG John 1/8/2017 6:00 AM
Home Buying With A Part-Time Job Is Nothing New - Lenders are easing mortgage qualification requirements by the day. One of those rules is regarding income from part-time jobs. Read More