Stephen Katz Mortgage Blog

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Mortgage and Lending - Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
RECENT BLOG POSTS
Upon wrapping up 2014, it seems timely to evaluate the overall state of the real estate market. As we assess where it’s been over the past few years, it is clear that it is definitely in a strong place where it will move forward over the next few years. By simultaneously comparing projected house...
01/14/2015
How America Views Homeownership, which is a recent survey that was conducted, shows that 95% of Americans want to own a home if they don’t already and that 68% feel that now is a solid time to purchase a home.       One of the top people in Wells Fargo home mortgage production, Franklin Codel, sa...
01/12/2015
It seems most people have heard a family member or friend tell them that buying a home ten to twenty years ago was significantly easier than it is these days. Many feel the banks have to know next to everything about us, plus three independent sources that back up each detail on the application. ...
01/05/2015
If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a...
12/19/2014
Harvard University’s Eric Belsky, who is the Managing Director of the Joint Center of Housing Studies at Harvard University and also serves on the editorial board of the Journal of Housing Research and Housing Policy Debate, shared a paper on homeownership last year. It is entitled - The Dream Li...
11/19/2014
Recently there was a downturn in existing home sales. Some are speculating that this is a result of fewer individual cash investors. However, this can easily be a great entry point for other buyers, according to the National Association of Realtors. Cash sales hit an all time low since December 2...
11/14/2014
Quarterly Checklist                         Interior:             -Check all bathtub and shower caulking monthly and address areas that                  need attention immediately.             -Check all faucets for leaky pipes or dripping.             -Vacuum A/C returns and supply to remove dus...
11/12/2014
Many are looking at the money in their 401(k) along with the increase in home prices and wondering if they should use some of those funds. A big concern and caution is to ensure that contributions to retirement don’t halt at the time of borrowing against it. If that happens, it can become quite d...
10/30/2014
It is a deposit paid toward the purchase of a home, to illustrate to the seller how serious you are about buying the property. Why Are They Needed? Because sellers have a lot on the line when selling their house, they want to ensure buyers are serious when making an offer to buy. The exercise of ...
10/09/2014
Many Americans, including myself, carry a small and manageable amount of credit card debt. There is nothing wrong with this. It is when you have an excessive level of debt in relation to your monthly income, that you can hurt your chances of getting approved for a mortgage loan. Mortgage lenders ...
10/02/2014
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