Mortgage Rates

Why find the best mortgage rates in Austin?

For the past decade, the capital city of Texas has been gaining in popularity as a great place to live and work. Austin has received accolades from organizations across the country ranging from “Live Music Capital of the World” to “Number 1 place in the US to start a business” to US News and World …

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How the Federal Reserve Affects Your Mortgage

This week, the Federal Reserve raised interest rates for the third time in 2018. This quarter-percentage rate increase brought the federal funds rate into the target range of 2 – 2.25 percent. The committee sets monetary policy, primarily by raising or lowering the Fed’s target for the federal funds rate, which is used as the …

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What’s the Difference Between Pre-Qualification and Pre-Approval?

Unfortunately, without proper preparation, many buyers get lulled into the mistaken notion that if a lender pre-qualifies them for a mortgage, it means that they have been pre-approved for the home loan. There’s a world of difference between these two terms. If you’ve ever been confused by the two, this will explain how they differ, …

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The Difference Between APR and Mortgage Interest Rate

Considering taking on a mortgage can be confusing and overwhelming. There’s an endless amount of information and advice and weeding through it can be a monumental task. When you get a mortgage, you are charged two different rates—the annual percentage rate and the interest rate. Understanding the difference between the two rates is important and …

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Top Ten Reasons to Use a Mortgage Broker

Working with a direct lender like a bank may seem like the thing to do—but an independent third party can offer impartial advice. A mortgage broker has access to a much wider array of products; a mortgage broker’s services can help you make sound financial decisions. Still not convinced? Take a look at these 10 …

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