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Historically, low-interest rates have been one of the most critical developments in the mortgage sector. The average interest rate on a 30-year fixed-rate mortgage in the US as of September 2021 was 2.88%. The climate of low-interest rates has led to an increase in mortgage refinancing activity. Recent years have seen an increase in home prices, which may be attributed to low mortgage rates, a shortage of available property, and strong consumer demand. In August…
Buying a home is a massive task, whether it’s your first or tenth house. When deciding where to settle down,…
Buying or selling a home has many moving parts and may be stressful. For this reason, most real estate transactions…
The mortgage underwriting industry has been undergoing a significant transformation in recent years. With the advent of technology and the increasing use of digital tools, the process of underwriting a mortgage has become faster and more efficient. According to recent studies, the average time it takes to support a mortgage has fallen from 40 days to as low as 10 days. Despite these advances, the mortgage underwriting industry continues to face several challenges. One of…
The first thing you do when finding the house of your dreams is plan your finances. Buying a new home…
As most mortgage business owners know, the whole process of title review is convoluted. It includes many sub-tasks such as…