MORTGAGE BLOG
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%.
Refinance Your Mortgage to Pay Down Debt
Debt is a significant issue for many American households, including credit card debt as well as mortgages, auto loans, student loans, and medical expenses. It might seem as though there’s no relief from high-interest balances, but you can take steps to lower your burden. For homeowners an option is to
Mortgage Applications on the Rise
Mortgage applications to purchase a home rose recently and were 7% higher than a year ago. Purchase applications reached their highest level since April 2010. While total mortgage application volume decreased 3.5% during the same time, according to the Mortgage Bankers Association’s seasonally adjusted index, overall volume was 14% higher
What to Ask Your Lender before You Commit
Which mortgage is the right one for me? When you want to know what your options are for each type of loan discussed, the mortgage lender should tell you the pros and the cons in light of your particular situation. In this article, we’ll look at what to ask your
Homebuying Preparedness
Do you dream of one day owning your own home? You need to be prepared. If you buy before you’re able, you can find you owe more on your property than what it’s worth. But when is the best time to buy a house? It is important to buy a
Why Home Inspections Are Necessary
You may have decided the master suite was exactly what you wanted, but do the windows leak? When you choose to purchase a home in Texas, you’re also potentially buying any problems lurking in the walls, the foundation, the crawl space, or the attic. The home inspection is the best
How Long is the Mortgage Process in Texas?
Unfortunately, the honest answer is that it depends on a number of things. The most important is how long it takes you to find a property in Texas you want to call home. It could take months or possibly years if you include the search as part of the process.
Mortgage Protection Insurance
Mortgage Payment Protection Insurance (MPPI) or Mortgage Protection Insurance (MPI) can be described as life insurance equal to the amount of your mortgage. Neither of these should be confused with Private Mortgage Insurance (PMI). They are totally different things. PMI is charged to you each month along with your mortgage
Do You Need A Realtor?
The short answer is no, but not using a realtor, instead thinking you can use the internet as your only means of information is short-sighted. From researching the projected cost of utilities to local zoning restrictions, you’re going to invest countless hours in research before making an offer. As a
