Understanding Automated Underwriting and How It Impacts the Mortgage Application Process

July 20, 2022

From the time you’ll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter.

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Should You Make Extra Mortgage Payments Toward The Principal Of Your Home?

July 19, 2022

If you have recently purchased a house, you have probably taken a look at your mortgage statement and noticed that the majority of your first few payments are going toward interest.

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What’s Ahead For Mortgage Rates This Week – July 18, 2022

July 18, 2022

Inflation dominated last week’s economic readings and predictions as it hit a year-over-year growth rate of 9.10 percent in July. Inflation reached its highest year-over-year growth rate since 1981. Gasoline prices eased somewhat, but not enough to provide relief against a backdrop of high housing and food prices. Low and moderate-income consumers were disproportionately impacted as rents rose beyond near-record inflation and home prices remained out of reach for many would-be home buyers.

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3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage

July 15, 2022

A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way.

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Why Banks Don’t Always Give The Best Interest Rate

July 14, 2022

If you want to purchase a house, you will probably have to take out a mortgage. There are only a few people who have enough cash to purchase a house outright, so most will go to the bank for a loan.

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Understanding the Reverse Mortgage and How to Use It to Pay Off a Regular Mortgage

July 13, 2022

There are a variety of mortgage products out there that serve the needs of different homeowners, but for the uninitiated it can be hard to know what will work best for them. If you happen to be close to retirement and are looking at options that will be more financially beneficial for you, here are the details on a reverse mortgage and how this product can work for you.

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Financing Options For Home Improvement Projects: What To Know

July 12, 2022

Are you planning on updating your house? A home improvement project can be expensive, but you don’t necessarily need to pay for the entire cost upfront. There are several loan options that can make it easier for you to get your home improvement project started right now. What are your options?

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What’s Ahead For Mortgage Rates This Week – July 11, 2022

July 11, 2022

Last week’s scheduled economic news included reports on job growth. The Federal Reserve released the minutes of its most recent Federal Open Market Committee meeting. Weekly readings on mortgage rates and jobless claims were also released.

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You Closed On A House: Do You Or Your Lender Own It?

July 8, 2022

You were able to find a house and successfully close on it, so congratulations on becoming a homeowner! Then, you pause for a second and think: does your lender own your house? Some people believe that if they only put 20 percent down on a house, the lender actually owns the other 80 percent. Does this mean that your lender still owns a large portion of your house? This is not the case, but there are some caveats that you need to keep in mind.

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First Time Home-buyers: How to Properly Research Your Mortgage Options

July 7, 2022

For most consumers, buying a house is the largest purchase you’ll make in your life. That’s why it’s important to ensure that you have the best mortgage terms available. With so much at stake, it’s important to have full confidence in both your lender and your mortgage.

So how can you ensure that the mortgage you choose is the right one for you? Here’s how you can evaluate your mortgage options and find the best option for your individual circumstances.

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