The Accunet Mortgage Learning Center

The Accunet Mortgage Learning Center is your ultimate guide to learning the ins and outs of the mortgage industry. Regardless of whether you're buying your first home, looking to refinance, or simply want to learn more about today's rates and loan options, Accunet's team of loan officers will provide expert advice to handle any mortgage scenario.

Latest Articles

A Business Owner’s Guide to Home Loan Documentation

If you’re a business owner who’s about to close on a home, you may be asking yourself, “Why is so much documentation needed to prove the obvious?” Self-employed buyers and borrowers who are clearly credible, financially stable, and qualified home loan candidates are often surprised by the amount of paperwork that’s required to complete the …

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The Accunet Mortgage Show (5/15/16 Episode)

This week on Radio 620 WTMJ’s Accunet Mortgage and Realty Show, President Brian Wickert and loan consultant David Wickert put Steve Ketelaar in the hot seat with a “lightning round” quiz that covers all the big questions pertaining to mortgage qualifications in today’s world. These are questions that the Accunet team is faced with on …

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What are negative interest rates?

The Federal Reserve is the bank for the American economy. The United States Treasury is the lender for the American government. In Europe, it’s the European Central Bank. In Japan, it’s the Bank of Japan. In China, it’s the People’s Bank of China. Lenders in those nations can park their money overnight or long-term with …

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5 Tips on a Winning Offer

The number of homes for sale in many areas of Southeast Wisconsin (and other parts of the state and country, too) are at crisis low levels. That tilts the table significantly in favor of Sellers, so here are my current Top 5 Tips (other than price) for writing a Winning Offer while still protecting yourself.

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Top 5 Tips When Buying A Condo

Take a look at the association budget – are there adequate reserves being set aside for future major repairs and maintenance? If the association isn’t saving up for future repairs, then what typically happens is that owners are socked with “special assessments” which can range from a few thousand dollars to literally $60,000 or $100,000. …

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Gift as down payment: What you need to know

Gifts from relatives and domestic partners are an acceptable source for both down payment and closing costs when financing a primary residence or vacation home. Gifts cannot be used when financing a rental property.

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Why a 4.0% increase in Wisconsin home values may not apply to YOUR home

Home Prices up 4% in Wisconsin The Federal Housing Finance Agency’s latest Home Price Index for the second quarter of 2015 (Q2 2015) shows home values are up 4.0% on average on Wisconsin residential properties. But that varies from a low of 1.8% in the Superior/Duluth Metropolitan Statistical Area (MSA) to a higher of 5.9% …

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Chief Market Watcher

This is Brian Wickert, Chief Market Watcher. Last week was all about the US economy, the US jobs report and an increased likelihood that the Federal Reserve would raise rates at its next meeting in September. And mortgage rates were creeping up.

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Chief Pre-Approval Officer

This is Brian Wickert, Chief Pre-Approval Officer. Almost everyone knows they should get a pre-approval letter when they’re looking to buy a home, regardless of whether it’s their first time or tenth time buying. But most lenders only check a borrower’s credit, and they don’t verify income or down payment. Turns out, it’s the income and …

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Will your down payment be a gift?

Gifts from relatives and domestic partners are an acceptable source for both down payment and closing costs when financing a primary residence or vacation home. Gifts cannot be used when financing a rental property.

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How Congress tied the new highway bill to mortgage rates

Congress just passed the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act. It’s a six-year highway authorization that will allow planning for important long-term projects around the country, and provides three years of guaranteed funding for the highway trust fund.  Highways are extremely important to any developed civilization.  The …

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Chief Storm Team Officer

This is Brian Wickert, Chief Storm Team Officer with a perfect storm alert. Right now we have an economic low pressure system that’s allowing mortgage rates to inch downward. I could explain why, but let’s focus on the what instead. If your current mortgage rate is 4.5 percent or higher and your mortgage balance is $180,000 …

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Tip #2 & Tip #3 for writing a successful offer to purchase

TIP #2 – Allow 30 days for both your financing and appraisal contingencies — AND — Tip #3 – CONTACT YOUR LENDER the same day you get an accepted offer. Don’t wait! I can’t tell you how many times we get the call from a buyer saying, “We just passed our inspection contingency. So now we …

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Tip #4 for Writing a Successful Offer

Tip #4 – Get on equal (or near-equal) footing with the “right to cure” defects Problem: In the standard WI Offer to Purchase, any defects found during your inspection or testing are only required to be cured in a “good and workmanlike manner” with evidence of completion provided by Seller no later than 3 days …

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Tip #5 for writing a successful (but safe) Offer to Purchase

Tip #5 — STICK WITH THE PLAN! To be successful in today’s Seller market, you can’t write your offer contingent on the sale of your current home and expect to compete with similar offers without the contingency. We have a transaction in process right now where a relocating doctor wisely wrote their purchase offer without …

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