The 30-Year Fixed Just Hit a New Record Low, What Should You Do? Another week, another record low for mortgage rates. It’s all becoming rather humdrum at this point. Really, how excited can you get about a record that repeatedly gets broken with relative ease in a short span of time? The other side of […]
The 8 best mortgage lenders for first time home buyers Review of the best mortgage lenders for first time buyers. Lenders picked for first time buyer perks like low rates, low down payment, and grants.
How to close on a mortgage during the COVID-19 pandemic It might seem harder to close on a mortgage during the COVID-19 pandemic. But new rules have made parts of the closing process easier than ever.
Mortgage rates drop to another historic low Wall Street rallied this week as the country starts to slowly reopen businesses, there are some signs of peaking regarding hospitalizations for COVID-19 and there have been more positive studies about potential treatments. However, the data still paints a dismal picture for the hole the United States’ economy […]
How soon after purchasing my home can I refinance? With historically low interest rates, you’re probably seeing a fair share of news items declaring what a great time it is to refinance your home. After all, refinancing can be a smart financial move if it results in lowering monthly payments, reducing loan duration, or building […]
No, You Aren’t Getting a 0% Mortgage Rate At least not yet… As you probably know, the Fed slashed the federal funds rate to near-zero yesterday afternoon to prop up the economy as it contends with the growing coronavirus pandemic. If you read the headlines, you might falsely assume the Fed just slashed mortgage rates […]
Paying for Renovations Through Refinancing Consider the pros and cons when deciding how to pay for your next home improvement project The cost of home renovations can add up quickly and you may not be keen on spending your cash reserves on updates throughout your house. As you explore financing options, refinancing your mortgage might […]
How to Deal with a Low Home Appraisal If you’re selling your home and are dealing with a low appraisal, it can throw a wrench into your plans. However, there are a few tricks you can use to offset the impact of a low home appraisal. Getting a home appraisal is one of the most […]
How long does pre-approval for a mortgage last? You need to get pre-approved to start house hunting. But how long does pre-approval for a mortgage last? Learn how and when to get pre-approved for a mortgage here.
What is a lender? Mortgage lenders explained February 19, 2020 What is a mortgage lender? Lenders give you money to buy a house in return for repayment and interest. Here are a few kinds of lenders and loans to explore.