Mortgage interest rates are at record lows and it could be a really good time to get into the housing market. Of course, to get a mortgage loan for a home purchase lenders will look at your credit score. If you’re scared of what they’ll find w
Feb 24, 2021 | Purchasing a Home
Two new mortgage lending rules could help some borrowers more easily qualify for well-priced home loans. In December, the Consumer Financial Protection Bureau made some final changes to its qualified mortgage (QM) definitions that affect which loans can b
Feb 17, 2021 |
In a nationwide survey, Bankrate found that even as mortgage interest rates continued to fall to record lows last year, only 17 percent of borrowers refinanced last year. The survey also reported that 27% of homeowners do not even know their current
Feb 10, 2021 | Refinancing a Home
If you are hoping to buy a home in one of the country’s pricier markets, you may need a special type of mortgage. The main two are jumbo loans and super conforming loans. Here’s what you need to know about each one and which is right for you:
Feb 03, 2021 | Jumbo Loans
Homeownership is the American Dream, and yet with house prices on the rise, it can sometimes feel unattainable if you’re still trying to make a rent payment each month. The average U.S. rent for a two-bedroom apartment as of June 2020 was $1,917, ac
Jan 27, 2021 | Purchasing a Home First-time Homebuyers
If you are looking to buy a home soon or to refinance your current mortgage, you know that interest rates are very low. In recent weeks, the average rate on a 30-year fixed-rate mortgage has fallen to around 2.75%, an all-time low. In fact, rates ha
Jan 20, 2021 | Interest Rates