Whether it’s your first home or your fourth, the whole mortgage process can be confusing and stressful… so many decisions to make, so much jargon to decipher, so many boxes to initial.
One simple word you may hear is “points”. It sounds like such a simple word, but do you really know what points are? A point is technically one percent of your mortgage amount, or $1,000 for every $100,000 you finance.
07 Sep 2018
19 Jun 2018
Being self-employed doesn’t mean homeownership isn’t attainable. In fact, lenders are willing and able to loan money to the entrepreneurial minded. People who are self-employed and seeking to buy their own home simply need to be aware of a few more things.
05 Jun 2018
Black Knight, Inc.’s latest Mortgage Monitor Report indicates that taken together, rising interest rates and home prices have affected housing affordability, resulting in a more than $100 increase in monthly payment on a 30-year mortgage used to purchase a median-priced U.S. home.
26 Feb 2018
The “proptech” companies and the most innovative financial institutions are already offering services that improve the customer experience in the real estate sector.
09 Feb 2018
When it comes to how much home you can afford, the answer is not always as cut and dried as the pre-qualification you receive from your lender, says BBVA Compass Director of Real Estate Originations Jose Pascual.
Pascual says that lenders do their best with what they’re given in order to pre-qualify customers for an affordable amount, but there are considerations outside their purview that borrowers should also consider.
12 Jul 2017
The agreement reached with Metrovacesa Suelo y Promoción (hereinafter Metrovacesa S.A), in which BBVA holds a stake, represents a significant step forward in the bank’s real estate strategy. BBVA participated in a non-monetary capital increase, together with the other shareholders, through which the bank will transfer high-potential land holdings intended for housing developments valued at €431 million.
01 Feb 2017
Little by Little, big data is making a place for itself in day-to-day life in its use in processes that have become almost essential. One example of this is the success of the BBVA Valora tool that allows anyone to know the best price at which to buy or rent a house. Since it was launched in September, the tool has received over 500,000 hits, half of which by non-BBVA customers, which shows its widespread acceptance.
24 Aug 2016
BBVA Compass volunteers fanned out in 27 cities over 24 hours this summer to spread their expertise and a message of financial empowerment.