by Element Mortgage | Dec 16, 2019 | California, Live
The Federal Housing Administration is increasing its maximum claim amount for reverse mortgages in the coming year, according to HousingWire. This is the fourth consecutive year of an increase to the Home Equity Conversion Mortgage (HECM), a program that enables... 
by Element Mortgage | Dec 9, 2019 | California, Live
In the span of just one year, refinance applications surged by 300 percent, according to the Mortgage Bankers Association. With favorable borrowing terms, homeowners are as motivated as ever to take advantage of these conditions and reap the short- and long-term... 
by Element Mortgage | Dec 3, 2019 | California, Live
Homebuyers continue to take advantage of historically low mortgage rates. Given the high accessibility to affordable mortgages, lending may reach a 12-year high of $2.07 trillion, according to the Mortgage Bankers Association. The volume of loans may hit $1.27... 
by Element Mortgage | Nov 22, 2019 | California, Live
One of the biggest obstacles to new buyers in the real estate market can be competition. It may lead to being outbid, and disappointed. This year, however, about 10 percent of offers made were countered by another buyer. That’s compared to 39 percent a year ago,... 
by Element Mortgage | Nov 18, 2019 | California, Live
More than any other generation, millennials are taking on more mortgages and dominating the real estate landscape. This trend has continued for more than a year. According to Realtor.com, millennial buyers comprise 46 percent of the market share for mortgage...