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Home Equity Loan vs HELOC

Home Equity Loan vs HELOC

For many people, their home is their largest asset. And its value generally grows over time, producing more equity for the homeowners. How can homeowners make use of this equity without selling their house? A home equity loan or a home equity line of cred

Dec 26, 2018 | Home Equity Loans

Federal Reserve Hikes Federal Funds Rate

Federal Reserve Hikes Federal Funds Rate

"Hut One, Hut Two... HIKE!"  It was all about the Fed this past week. On Wednesday, they "hiked" the Fed Funds Rate by 25 basis points (0.25 percent). That rate affects short-term loans like auto and credit cards - what it doesn&

Dec 22, 2018 | Mortgage News

Using Your Home Equity to Consolidate Debt

Using Your Home Equity to Consolidate Debt

When interest rates increase borrowing money becomes more expensive for all sorts of things, including homes. Although this makes it more expensive to buy big-ticket items, it’s not all bad. As interest rates rise, the interest rates on the money th

Dec 20, 2018 | Refinancing a Home Home Equity Loans Reverse Mortgage

Happy Holidays from Advanced Funding

Happy Holidays from Advanced Funding

All of us at Advanced Funding Home Mortgage Loans would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 20

Dec 19, 2018 |

Existing Home Sales Increase in December

Existing Home Sales Increase in December

The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9 percent from October to an annual rate of 5.32 million units versus the 5.20 million expected. Gains were seen in the Northeast, Midwest and South w

Dec 19, 2018 | Mortgage News

Mortgage Rates Fall to 3-Month Low

Mortgage Rates Fall to 3-Month Low

Interest rates on long-term U.S. mortgage loans fell to their lowest level in three months last week, according to data from Freddie Mac. During the week ended December 13, the average rate on a 30-year fixed-rate mortgage dropped to 4.63% with an average

Dec 18, 2018 | Mortgage News

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