PHH Home Loans, LLC Blog

How Does Your Home Compare to Others on the Market?

Real estate agents use comparable sales or “comps” (properties recently sold in the area) to see what the market bears for a listing price or value range marketing. But what makes a home a good comp? A few things must line up in order for the agent to utilize the comp to justify your listing price. The same neighborhood, school district, similar street and, of course, similar housing features and size. If these things align, then a comp can be used to provide a current estimated value of your home. Ideally, using a comp from a home that is the same model in the same subdivision is ...

April 27th, 2017 How Does Your Home Compare to Others on the Market?

PHH Home Loans Market Commentary

This week brings us the release of six monthly and quarterly economic reports that may affect mortgage rates in addition to a couple of Treasury auctions. One those reports is considered to be extremely important to the financial and mortgage markets and can cause a great deal of volatility. None of those reports will be posted Monday, the only day which has nothing set for release. The week kicks off late Tuesday morning when March’s New Home Sales numbers are posted. This Commerce Department report tracks a much smaller portion of all home sales than last week’s Existing Home Sal...

April 24th, 2017 PHH Home Loans Market Commentary

Luxury Home Design & Decor for Green Living

There are over 80,000 different chemicals used in the U.S., and most haven’t been adequately tested for their effects on human health, according to the Natural Resources Defense Council (NRDC). Buying new home decor may be high on your list, but these harmful toxins can reside in furniture and household furnishings, along with everyday items like household cleaners and toys. Protect your health and happiness by staying proactive about your home's design and decor. Look for eco-friendly, sustainable and non-toxic products with a reputation for quality, so you can still capture that luxuri...

April 20th, 2017 Luxury Home Design & Decor for Green Living

PHH Home Loans Market Commentary

This week has five pieces of monthly economic data scheduled for release that have the potential to influence mortgage rates. None of the data is considered to be key or a highly important report. We are in earnings season where corporations post their quarterly earnings and projections. Strong earnings reports should fuel a stock rally that pressures bonds and leads to higher mortgage rates. On the other hand, disappointing earnings news should make bonds more attractive to investors and lead to rate improvements. There is nothing of importance set for Monday. March’s Housing Starts wil...

April 16th, 2017 PHH Home Loans Market Commentary

Making Your Down Payment With Gift Money

To take advantage of low interest rates while home prices climb higher and higher, some homebuyers need help accumulating enough money for a down-payment. To satisfy secondary market loan package purchasers such as Fannie Mae and Freddie Mac and insurers like the Federal Housing Authority, lenders have strict rules about where down-payment money originates. Lenders prefer that borrowers supply their own down-payment funds. It shows they have “skin in the game” and that they are good with money and can meet their financial goals. However, many homebuyers are turning to their parents...

April 13th, 2017 Making Your Down Payment With Gift Money

As Inventory Goes Down, Your Demand Goes Up

According to the National Association of Realtors(R), the supply of homes for sale has fallen on an annual basis for the past 21 months and is down 6.4% since last year.1 Of course, you don't need statistics or to read the news to know this - you see it every day: dipping inventories, rising prices and worried buyers who are afraid that they may not find a house or one that fits their budget. But these demands make something else equally desirable: you. Potential buyers can rely on any number of online tools to help them find and buy a house - but what those tools lack is the insight and expe...

April 13th, 2017 As Inventory Goes Down, Your Demand Goes Up

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PHH Home Loans, LLC

PHH Home Loans, LLC, 1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID # 4256. (www.nmlsconsumeraccess.org). Massachusetts Licensed Lender #MC4256; Licensed by the New Hampshire Banking Department; Rhode Island Licensed Lender. Equal Housing Lender.

PHH Home Loans, LLC d/b/a Coldwell Banker Home Loans.  1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID #4256. (www.nmlsconsumeraccess.org) Alaska Licensed Mortgage Lender #AK4256-2, 866-462-8266; Arizona Residential Mortgage Licensee #BK 0907285; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Licensed by the Delaware State Bank Commissioner  #8094; Georgia Residential Mortgage Licensee #20292; Illinois Residential Mortgage Licensee #MB.6759857; 100 W. Randolph, 9th floor, Chicago, IL 60601, 800-532-8785; Massachusetts Licensed Lender and Mortgage Broker #MC4256; Minnesota – This is not an offer to enter an interest rate lock-in agreement; Montana Licensed Mortgage Lender #4256; Licensed by the New Hampshire Banking Department; Licensed by the New Jersey Department of Banking and Insurance; Licensed Mortgage Banker – NYS Banking Department; Ohio Certificate of Registration  MB. 804019; Rhode Island Licensed Lender. Equal Housing Lender.