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So far homeretention has created 7 blog entries.

You need to act fast…

By | 2019-08-12T11:38:50-05:00 August 12th, 2019|Cash-Out, FHA Loans, Refinance|

FHA Cash-Out Limits are Being Reduced Interest Rates Have Never Been Lower When refinancing, you can get money from the equity in your home, known as “Cash Out,” for any purpose: Home Improvement Debt Consolidation Paying Bills Any reason you want It really doesn’t matter what you use YOUR CASH for.   When buying or

3 Reasons Why to Buy a Home

By | 2017-11-28T12:01:05-06:00 November 27th, 2017|Down Payment as Low as 1%, Loan Pre-approvals|

Homebuyers are optimistic these days. Here are 3 possible reasons why: 1. Lending is Getting Easier Over the past several years, mortgage rates have been at historical lows. This has meant that homes are actually more affordable, in spite of the increase in prices. However, lending has been very tight. Fortunately, that’s changing. Loans are being approved more

Why Banks Want to Modify My Home Loan

By | 2017-10-26T08:56:11-05:00 May 18th, 2017|Home Loan Modifications|

Until 2007 mortgage banks regularly would not wait too long after a loan went into default before they would start foreclosure proceedings. Usually, if you fell 3 months late on your mortgage payment, that constituted a default. As foreclosure rates began to increase to new heights, the mortgage banks saw their stocks decrease in value. A significant

Parental Help in Qualifying for a Loan

By | 2017-10-26T09:03:51-05:00 May 16th, 2017|FHA Loans|

FHA Loans allow a parent to assist in the qualifying process for their kids who are preparing to buy their new home. The process is called a non-occupying co-borrower. Non-occupying co-borrower programs allow some of the debt to be attributed to the parent's income thus allowing a lesser amount of the debt to assigned to

Home Values are Up, Don’t Wait to Buy!

By | 2017-10-26T08:57:11-05:00 May 15th, 2017|Loan Pre-approvals|

Over the last ten years we have seen the air let out of the market. Property values declined and mortgage backed securities had collapsed, new housing starts were down and in general, buying a home was just not a good investment. We have all heard the saying "Buy low and sell High". Well it is true

Low Credit Scores – FHA Financing

By | 2017-10-26T09:07:18-05:00 May 12th, 2017|Home Loan Types|

Although most lenders require a 600 score or even a 580 score, even if your score takes a dive, St. Louis Home Mortgage and Retention can go effectively down to a 560 score. That is great news for the people who have been paying their mortgages on time but just cannot get the positive effect

Home Mortgage Pre-Approval

By | 2017-10-26T08:58:55-05:00 May 8th, 2017|Loan Pre-approvals|

We had anticipated a housing boom after the mortgage crash in 2007. For years banks were not lending money, property values were dropping, and banks in general were not looking to lend dollars on a declining market that had not bottomed out yet. Since then the market has bottomed out and it is now turning upward.