moving box

Moving Across America If you’ve ever wondered what areas people are moving out of and moving into, we have the list right here. Idaho held on to the top spot for people moving in following Washington and none other than yours truly, Nevada coming in at #3. Here’s the full list: MOVING IN MOVING OUT IDAHO ILLINOIS WASHINGTON WEST VIRGINIA NEVADA NEBRASKA TENNESSEE SOUTH DAKOTA ALASKA HAWAII MAINE INDIANA NORTH CAROLINA DELAWARE ALABAMA LOUSINANA NEW

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The Diverging Market What Will the Mortgage Industry See?   Origination: Lending outside qualified mortgage rule may help lenders replace lost home refinances Home purchase volume is expected to increase slightly but this trend will likely be prominent in 2018, as originators may continue to struggle to replace lost refinance volume and their compliance and risk management processes become more robust. Cost Competition: Fannie Mae and Freddie Mac tech help lenders expand credit box What this

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vwm conforming rates

BREAKING NEWS! FHFA increases conforming loan limits for a 2nd straight year Loan limits to match rising home prices   On Tuesday, the Federal Housing Finance Agency (FHFA) that the maximum conforming loan limits for mortgage to be obtainedce in 2018. The 2018 maximum conforming loan limit for a one-unit property will be $453,100, an increase from $424,100 in 2017. This allows home buyers to purchase a home without resulting in a Jumbo loan with

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How Do You Shop for Rates? The top tools for mortgage shopping Over the years, shopping for a mortgage has become better than ever. Purchasing a home is more accessible online and mobile, which makes the process more fitting for those of us looking for our dream home. Valley West Mortgage is here to make that happen, with our online pre-approval form, loan application, and secure loan docs upload capabilities to ease the stress of

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Some changes took effect at the top of this month that could have amazing results on your credit score! We’ve talked about the importance of your credit score in some of our recent posts. Your credit score—more importantly your FICO credit score (which is a combination of your credit scores and credit history)—is assessed to determine your eligibility for lines of credit, personal loans, auto loans, and more importantly, home loans. The higher your FICO

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The Big 34 Earlier this year, we touched on national stress tests done by big banks. Since the Federal Reserve conducted their annual stress test last week and have now released their reports, today we’ll expand on the explanation of the stress tests. Banking institutions with $50 billion or more in total assets are required by the Federal Reserve to conduct an annual stress test to ensure that through a national financial crisis (like a

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valleywestortgage_financial

Who’s your favorite X-Men character? Wolverine? Storm? Professor X? What makes that character your favorite? For some people it’s the character’s courage, or perhaps their good looks, or their intelligence. My favorite mutant character is Mystique and what makes her my favorite is her superpower. Mystique is a shape shifter, meaning she can change her body and her voice to look like anyone she chooses. Did you know that outside of the comic book world

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Commercial Banks vs. Mortgage Brokers When it comes to getting a home loan, you have a few options available to you in order to come up with the money to purchase the home. This article will focus on two of the most common ways you can borrow money for your home loan. More importantly, it’ll will focus on the differences between these two options. What is the difference between financing a home loan through a

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Three Loan Documents You’ll Want to Know   Buying a new home (or refinancing your current home) is a process that requires quite a bit of paperwork. Thankfully, all of the paperwork isn’t thrown at you at once, instead it comes in stages. At each milestone of the loan process (beginning with disclosures and ending with your final loan docs), there is a different wave of documents that you’ll have to read and sign. Depending

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Affecting Your Home’s Feng Shui Feng Shui (pronounced “fung shway”) is an idea adopted from ancient Chinese culture that describes how the placement of objects in a particular space affect the energy flow in that space. If you believe in energies, vibrations, and auras then you’ll probably want to arrange the furniture in your home in a way that will give you the most positive feelings. The idea behind feng shui is that the inside

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