Lower Mortgage: Guidelines in 2025
As the housing market continues to evolve in 2025, prospective homeowners are eager to find ways to secure a lower mortgage. Whether you’re a first-time buyer or considering refinancing, there are several strategies to reduce your mortgage costs. By leveraging financial tools, understanding the market, and working with the right lending partner like Scout Lending, […]
Conforming Loans: What They Are and Why They Matter
When it comes to financing a home, choosing the right loan can feel overwhelming. Conforming loans are mortgages that meet guidelines set by Fannie Mae and Freddie Mac, designed to make homeownership accessible and affordable for the average borrower. In this article, we’ll explain what they are, their benefits, and why they might be the […]
Self-Employed Mortgage Loan: Requirements for 2025
As a self-employed professional, securing a self-employed mortgage loan can present unique challenges on the path to homeownership. In 2025, lenders are refining their requirements to make homeownership more accessible for self-employed individuals while upholding rigorous standards for financial stability. Here’s what you need to know about qualifying for a self-employed mortgage loan and how […]
Home Equity for a Larger Down Payment: Key Benefits
For many homeowners, building equity in their property is a financial milestone that opens up new possibilities. One significant way to leverage that equity is through home equity for a larger down payment on a new home. Whether you’re upsizing, downsizing, or investing in a second property, your equity can provide a valuable financial boost. […]
VA Loans: A Game Changer for Veterans Seeking Homeownership
For many veterans, active-duty service members, and their families, the dream of homeownership can feel like a distant goal. Transitioning to civilian life often brings a mix of excitement and challenges, especially in the housing market, where high down payments can create significant financial barriers. However, the Department of Veterans Affairs (VA) has leveled the […]
Halloween Fun in Pasadena & Opportunities with Scout Lending
Pasadena, California, is a city rich in history, culture, and community spirit. When Halloween arrives, the city transforms into a haunted haven filled with festive events, family activities, and thrilling scares. From haunted houses to pumpkin patches, there’s Halloween fun in Pasadena for everyone. As the season approaches, enjoy the festivities and explore real estate […]
Why October is Ideal for Refinancing: Key Benefits
Refinancing your home loan can be a game-changer when it comes to your financial future, but timing is everything. Homeowners often face the dilemma of when to make that pivotal decision to refinance. The process can help homeowners lower payments, shorten the loan term, or consolidate debt strategically. While every homeowner’s situation is unique, October […]
Fed Cuts Rates: How Scout Lending Can Help You Benefit
In a bold move, the Federal Reserve cut rates by half a percentage point, marking the beginning of its first rate-cutting campaign in four years. This Fed cuts rates decision, widely anticipated by market watchers, is seen as an aggressive attempt to stimulate the economy amid signs of softening job growth and slowing inflation. The […]
Refinancing Your Mortgage: What to Expect
Refinancing your mortgage can be a smart financial move if done for the right reasons. It allows homeowners to replace their current mortgage with a new one, often to secure a better interest rate, shorten the loan term, or convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage. But before diving into the refinancing […]
Mortgage Rate Forecast for Fall 2024: Key Insights for Homebuyers
As we approach the fall of 2024, the mortgage market continues to be a critical topic for prospective homebuyers, investors, and those looking to refinance. With fluctuating economic conditions, shifts in Federal Reserve policies, and global events impacting financial markets, the trajectory of mortgage rate remains a point of keen interest. In this article, we’ll […]
