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Maria E. Cipollone's Blog

By Maria Cipollone | Agent in Coral Springs, FL

Get it while you can!

You may be looking for a low mortgage rate but are you an attractive borrower?

Money in your account: Make sure you have funds available for the down payment, closing costs and little extra for reserve.

Manage your credit report:  Take advantage of the one free credit report a year that you can get from www.annualcreditreport.com

Maintain your credit score: Pay bills on time and avoid major purchases. Have handy the most current financial documents like your last 2 income tax returns, last 2 payroll stubs, last 2 bank statements to speed up the loan application process.
  • Farewell 3% mortgage rates

    By Les Christie @CNNMoney June 6, 2013: 10:19 AM ET
    mortgage interest rates
    NEW YORK (CNNMoney)

    Say goodbye to ultra-low mortgage rates.

    In the past month, rates have been on the rise and they are expected to continue to climb.

    This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91% and are up from 3.3% in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loan received an average rate of 3.03%, up from 2.56% -- a record low.

    "It's unlikely that rates will ever be that low again," said Doug Duncan, Fannie Mae's chief economist.

    Those who didn't take advantage of record-low rates have missed the boat -- at least for now. Here are three reasons why.  Read more cnn.news.com....

    Find a mortgage broker that can review your financial status and give you a pre approval letter for the amount that you can afford.  Just remenber that what a bank may be willing to lend may be more than you should spend.

    Maria Cipollone


    By parklandowner,  Wed Jun 12 2013, 08:53
    it's true thats its the best time to buy a house.
    By Isabella Grazia,  Wed Jul 3 2013, 05:32
    The stimulus program should last through this year and could spill over into the begining of 2014.
    By Mery Haz,  Sun Jul 7 2013, 08:19
    Great comments. Thank you for sharing.
    By Arlene,  Thu Jul 11 2013, 15:09
    Mortgage rates have jumped in recent weeks, creating concerns that the rebound in Real estate market could lose steam.
    By Pepino Marquez,  Sat Jul 13 2013, 03:16
    A recent increase in mortgage rates could soon put the brakes on the recovery housing market.
    By Cecile Carlyle,  Thu Jul 18 2013, 10:18
    Home prices and low mortgage rates continue to respond positively to the reductions in home inventory.
    By arlygarofalo,  Thu Jul 18 2013, 23:40
    Home loans rates remain near historic lows and now is the perfect time to consider a home purchase or refinance.
    By Giancarlos Gianni,  Sun Jul 21 2013, 03:28
    What we are experience right now with this price appreciation is a very important factor driving economy growth in 2013.
    By anthonybronx65,  Thu Aug 1 2013, 18:04
    We really hoping that the outgoing price appreciation will be enough to turn around the economy in 2013.
    By Mariotoro1906,  Fri Aug 16 2013, 08:24
    It's unlikely that mortgage rates will never be at 3.50% again, but we still on time to get a good price in a new home and fair monthly payment.

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