How is my mortgage rate calculated? There are many factors involved with determining a mortgage loan interest rate. Some are within your control, and some are entirely outside of your control. Mortgage Rate Factors You Can’t Control: • Variable Market Factors • Bond Market Impacts • Federal Reserve Fund Rate [...]
Three Mortgage Myths You Should Know As you begin discussing the mortgage process with friends and family, you’ll likely notice that there are a lot of different opinions and conflicting advice. We’re here to bust some of the most common mortgage myths you may have heard. Myth 1: You Must [...]
Get Pre-Approved for a Mortgage Loan. The pre-approval process for a mortgage loan is an important step in the home-buying process. So, how do you get pre-approved? First, you should gather your financial documents, such as your W2s, pay stubs, and bank account information. Once you have everything ready, you [...]
What are the five important parts of the Home Loan Process? Interested in a mortgage loan but not sure where to start? You are not alone! The process of buying a home can seem daunting and overwhelming. But don’t let that stop you from achieving your dream of owning a [...]
Understanding Mortgage Terminology There are so many things to consider when researching your first home. It’s easy to feel overwhelmed when you don’t understand all the terms being thrown around. Don’t let mortgage terminology keep you in the dark. Here are the ABCs of a few keywords. Mortgage Terminology: Appraisal, [...]
Is a Conventional Loan best for you? When purchasing your first home, you may be wondering what type of loan to consider. Although the answer is complex, the right answer for many home buyers is a conventional loan. A conventional loan is a type of mortgage loan that is not [...]
What is a Mortgage Broker? It’s no secret that buying a home can be one of the most stressful things a person can go through. According to a survey from Zillow, half of the homebuyers said they cried at least once during the process! They even compared it to [...]
When is a good time to use a mortgage broker? If you’re like most people, you will likely need to take out a mortgage loan when buying a home. Most home loans are 30 years, and you want to make sure that when you understand all of the fine print before [...]
