Mortgage
Purchasing a property or house is much like playing a complex sport. You should get in shape and know the rules before hitting the field. Next, cleverly maneuver through challenges to finally win the game. Similarly, in this unusual home-buying season, “winning” demands understanding how you prepare for lender qualifications, stack up against other buyers… [Read More]
There is no denying that, generally, refinancing a mortgage can help you save money, pay off the mortgage faster and build equity. With mortgage rates this low, even folks who’ve relatively new mortgages can benefit from refinancing. In this blog post, we would be enlightening you with the present state of refinance mortgage market, its… [Read More]
In May, mortgage rates hit a low after refinance applications spiked and were accompanied by a fall in mortgage applications. The month before, the Federal Reserve made two rate cuts in an effort to protect the economy and encourage people to continue taking out mortgages throughout the era of the pandemic. In March, the Fed… [Read More]
Interest rates are going down and borrowers are being faced with the choice of locking or floating their interest rates. Ultimately, whichever you choose will be the decisive factor for all subsequent monthly payments for the duration of the loan. This is why it is not a decision that you should take lightly! Locking vs…. [Read More]
A VA loan is a government-backed initiative guaranteed by the Veterans Administration. Many veterans and/or their spouses are eligible for a VA home loan. When seeking a mortgage, veterans should keep the most important benefits of a VA loan in mind. Some of these are listed below: One of the greatest benefits of a VA… [Read More]
Purchasing a home is one of the biggest decisions we can take. For one, it is the single largest purchase for most and most people live in the house for a long period. All Mortgages Are the Same This myth has two different sides to it. Firstly, to clear up the air, there are two… [Read More]
Times are great for current homeowners who still have mortgage payments left. Low interest rates are making it easier for owners to lessen their mortgage payoff times considerably. This is due to the lowest rates observed on a 15-year rate loan which averaged 2.97% across the nation and was the lowest that has been since… [Read More]
When it comes to mortgages, hundreds of questions arise in the minds of first-timers and seasoned buyers alike. When it comes to mortgages there is no such thing as a dumb question. Some questions get asked more commonly and have been listed below along with their answers. How Do I Initiate the Process of Getting… [Read More]
So How Does it Work Suppose you purchased a house some time ago and have been making your mortgages payments on time. During this time, the value of your home has risen and you now owe $80K on a house that has a price of $250K. While looking at recent rates, you discover that you… [Read More]
A surprise drop-in mortgage costs in late 2018 has ushered in a large number of applications from potential buyers. When rates increase, families have to re-evaluate their plans or scrap them altogether. However, when rates fall, it leaves you in a better position to finance the dream house you have had your eyes on for… [Read More]
