2022 Year in Review: What Happened in the Mortgage Industry?

wemloloan origination, Mortgage Broker, mortgage interest rates

2022 is written across four children's blocks. Text reads 2022 Year in Review: What Happened in the Mortgage Industry?

A Quick Recap of Everything You Need to Know   Over the course of the last year, the country worked hard to recover from many initial impacts of the COVID-19 pandemic. Despite the gradual return to some semblance of normalcy, the housing industry was again turned upside-down. From climbing interest rates to stubbornly sky-high prices, here are a few of … Read More

Explaining Home Equity Line of Credit (HELOC) to Borrowers

wemlomortgage interest rates, Mortgage Loan Originator, mortgage refinance

A couple sits on the floor in front of the couch. Text reads Explaining Home Equity Line of Credit (HELOC) to Borrowers.

Walking Borrowers Through the Pros and Cons of HELOC   Consulting with a client on the purchase of another property or initiating a large-scale renovation? Ensuring they understand the home equity line of credit (HELOC) could be key in finding success for both of you.   If you’re in the process of demystifying the HELOC, start by determining what kind … Read More

Home Loan Solutions for Different Property Types

wemlocustomer service, loan origination

White multi level home with palm trees in front. Text reads home loan solutions for different property types.

Helping Clients Understand Their Loan Options Home financing is never a one-size-fits-all solution. After all, home loans are as unique as the homes they fund and the borrowers who obtain them. That’s why it’s critical to explore any and all options with each new client.   Most buyers won’t know what they’re looking for as soon as they walk through … Read More

The History of Mortgage Lending Discrimination

wemloloan origination, Mortgage broker business

A piece of paper, assumedly a mortgage application, has "Loan Denied" stamp. Title is shown as "the History of Mortgage Lending Discrimination.":.

Taking a Look at the Evolution of Equitable Housing Legislation   While homeownership equality has progressed over the decades, the real estate industry has a long and unfortunate history of painful discrimination. From redlining to racially restrictive deed covenants, much of the homebuying industry in the 20th century was characterized by extreme exclusion, the aftershocks of which are still felt … Read More