How to Choose the Best Mortgage Loan

How To Choose The Best Mortgage Loan

Purchasing your first home is a big step that comes with a lot of responsibility. To set yourself up for success in your homeowner’s journey, the first thing you need to do is decide which mortgage loan works best for you. There’s a wide variety of mortgage loans available, which can make it challenging to […]

Understanding The Factors That Affect Mortgage Rates

Understanding The Factors That Affect Mortgage Rates

Life can be stressful, especially when your mortgage rates are high. Your mortgage rates are set when you first purchase your home. Although they may seem manageable at first glance, things may change once you get your first billing statement.  Many factors determine your mortgage rates. Some are within your control, and some are not. […]

The questions a mortgage lender is likely to ask

Millions of mortgage applications are completed and sent to lenders each year. Part of the steps required include the lender gathering information about you—and sometimes those questions can seem invasive. Most of the questions are required as part of your approval. Let’s take a look at the things a mortgage lender will ask. Credit Lenders […]

How to get the best mortgage rate

The mortgage industry examines a number of factors to determine not only if you qualify for a mortgage, but also what interest rate you’ll pay. An excellent rate on a mortgage is about a lot more than comparison shopping. It’s also about much more than just your credit score. Mortgage rates can differ by several […]

Buying and Selling at the Same Time

You’re not going to close on a new home the exact same day you sell your old home if you’re in the process of buying and selling at the same time. You’ll have to rely on potential buyers and the current state of the market. There have been no offers on your current home, but […]

Mortgage Lengths Defined – Which is Best for You?

If you’re unprepared, buying a home can be a dangerous venture. If you aren’t well informed, not understanding your options could wind up costing you thousands, or tens of thousands, of added dollars. Aside from choosing the house itself, is the type of mortgage you’ll choose and the length of your loan. Fixed vs. Adjustable […]

Pros and Cons of Extra Mortgage Payments

After a few years and perhaps discovering more financial flexibility, many homeowners begin to wonder if they should make extra mortgage payments. The thinking is that extra payments can save in interest and bring you closer to actually owning your home. While this is a good idea, there are also reasons why you might not […]

You Really Can Be A Homeowner

Buying a home is a major life milestone, and with it comes a lot of financial scrutiny and planning. The initial part of the process of getting your mortgage is paying close attention to your finances. It is crucial you don’t do anything that will cause your mortgage to be denied. You need to have […]

Today’s Low Interest Rates

In the sixth straight week of decline, the 30-year fixed-rate mortgage averaged 3.82% for the week of May 30. This is down from 3.99%. It was the lowest level since September 2017. Borrowers are receiving exceptional rates compared to last year at this time, when 30-year mortgages were averaging 4.54%. The monthly payment on a […]