How are Mortgage Interests Rate Determined?

How are Mortgage Interests Rate Determined?

Getting the very lowest interest rate is usually top priority for most home loan seekers but mortgage rates can vary widely from day to day and year to year. They are influenced by international and domestic market changes as well as an individual borrowe

Aug 05, 2020 | Interest Rates

3 Essentials to Smart Mortgage Decisions

3 Essentials to Smart Mortgage Decisions

Maybe you’re thinking about buying a home but feel intimidated by the mortgage application process. It can feel overwhelming if it’s your first home purchase and you don’t know where to begin or who to talk to. If you think ahead, organi

Jul 31, 2020 |

What Happens If I Lose My Job During the Mortgage Process?

What Happens If I Lose My Job During the Mortgage Process?

You are midway through the process of closing on a new home or a refinance mortgage. Then you lose your job. In today’s coronavirus crisis climate, plenty of home buyers and homeowners have faced this situation. Can the home loan go through or is it

Jul 29, 2020 | Interest Rates

Should I Prepay My Mortgage?

Should I Prepay My Mortgage?

Benefits of Prepayment The main benefit of paying off your mortgage early is the savings. Even by cutting off just a few years from your home loan, you can save thousands of dollars in interest. For example, if you take out a 30-year mortgage loan for $2

Jul 22, 2020 | Mortgage Advice

Everything You Need to Know About Escrow

Everything You Need to Know About Escrow

Even if you’re not in the process of buying a home right now, you’ve probably heard the term escrow before but maybe you don’t know exactly what it means. The more understanding you have of the homebuying process and the terms that come

Jul 16, 2020 |

New FICO “Resilience” Credit Score Could Help Borrowers

New FICO “Resilience” Credit Score Could Help Borrowers

As the U.S. economy reels from record-high unemployment and continued COVID-19 shutdowns, the Fair Isaac Corp. (FICO), a global analytics company and producer of the FICO credit score, released a new credit index recently it hopes will keep mortgage

Jul 15, 2020 | Credit

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