MORTGAGE BLOG
Fixed & Adjustable Mortgage Rates: Everything You Need to Know
When you’re considering taking out a mortgage loan, you must first determine which loan is best for you. Getting a clear understanding of different mortgage companies, types of mortgages, primarily Fixed Rate Mortgage or Adjustable Rate Mortgage, will help you plan and proceed accordingly. In addition, our experienced mortgage lenders
How to Find the Best Mortgage Lender
Introduction Planning to purchase your first home but are struggling to find a mortgage lender? We have you covered! Buying a new home usually requires homeowners to take out a mortgage loan. Getting a great deal on your mortgage can be very beneficial to you and your family. You may
Texas Mortgage Refinancing See Uptick
The Federal Housing Finance Agency eliminated something called the “Adverse Market Refinance Fee,” a huge incentive for homeowners looking to refinance their mortgage. The refinancing fee was rolled out in December as a way to pay for some of the COVID mortgage relief. How it worked was, the agency calculated the fee
Will you need an appraisal?
Last November, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve released a proposal that would increase the appraisal requirement for home sales from $250,000 to $400,000, meaning that certain home purchases of $400,000 and less would
What questions will a mortgage lender 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
Getting a great 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
All about home appraisals
A property appraisal is different from a property inspection. The home appraiser’s job is to determine the current value of a house or other property. The appraiser, of all the people you encounter during a home purchase, is the one you’ll probably interact with least. Looking for issues in the
Rent or Buy? What’s Right for You?
For many Americans, purchasing a home was a measure of financial success for decades. After the subprime mortgage crisis, people realized buying isn’t always smart but now it seems like we’re taking it to the other extreme. You need to understand the reasons for both to make the proper decision.
How to use your 401(k) for a down payment
Setting aside funds for a down payment for a home loan isn’t easy. Buyers obtaining a traditional loan need at least 20 percent as a down payment; otherwise, private mortgage insurance (PMI) will be required. That can add a significant amount to pay on top your mortgage payment. Today, the
