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Mortgage news and helpful tips

What's Affecting The Mortgage Rates Today

Conventional rates today fell considerably today but, do you know what does effect the rates to rise and fall as they do? The most crucial clues offset each other — Return of investment (Treasury Yield) on the government's debt obligation rose while oil prices fell. Shown below are some factors you might want to consider: […]

Saving Money Never Goes Out Of Style

California regulators approve plan to mandate solar panels on new home construction! California regulators Wednesday approved a historic plan to mandate rooftop solar panels on most new single-family homes built in the state. The California Energy Commission's action is expected to add on average about $9,500 to the cost of building new houses. The solar mandate, which […]

Vital Aspects Of Your Credit Health

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with stable income? What is the borrower's credit score? It's important to understand what affects your score and […]

Moving Across America

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 […]

Shaping the Mortgage Industry in 2018

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 […]

Conforming Loan Limits Increase for 2018

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 […]

Shopping for a Mortgage Loan

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 […]

A Rise in Your Credit Score

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 […]

Bank Stress Test

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 […]

Banks vs. Brokers

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 […]