Mortgage Blog
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Mortgage Repayment Calculator
MORTGAGE REPAYMENT CALCULATOR Repaying your mortgage does not have to be stressful! There are several different Mortgage Repayment Calculator options available to you to help ensure you are in total control of your mortgage & not the other wayRead more
How to Find the Lowest Interest Rate
Interest rates are the lowest in decades, enticing many borrowers to shop around for a loan. Mortgage lenders adjust their rates based on perceptions of risk, so unless the borrower can show they’re a low-risk individual, the borrower isRead more
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Government Fees Forcing Buyers to Pay Higher Interest Rates
As a result of the Temporary Payroll Tax Cut Continuation Act of 2011, FHFA has been directed to increase the loan guarantee fee (G-Fee) for all Conforming, Conventional (including High Balance) Fannie & Freddie charge starting with March deliveries.Read more
Getting the Best Mortgage
What did you do? You went hunting and not fishing. What is meant by that? You have to decide up front, at the very beginning which loan program works best for you. Cross your heart and hope to die.Read more
Should You Pay Discount Points?
It depends on how long you plan to keep the mortgage "Points" are mortgage loan costs typically in association with an interest rate. One point is equal to 1 percent of the loan amount, so one point on aRead more
Credit Report Guide
Learn how your credit can affect loan prospects Step 1: Get a copy of your credit report. Errors in credit reports are often difficult and time-consuming to correct, even when they're not your fault. That's why it's wise to reviewRead more
How to Repair your Credit
Take the steps to make bad credit repair a reality Achieving bad credit repair--whether bad credit is the result of unpaid credit card balances, a home foreclosure or a bankruptcy filing--is not an easy task, but it is notRead more
Down Payment
Size doesn't always matter The down payment presents the biggest obstacle to homeownership for most buyers, especially first-time buyers and those in lower income brackets. Fortunately for those people, lenders have become more willing to underwrite mortgages with smallRead more
How Much Can I Afford?
Look at your income to get an idea As you think about applying for a home loan, you need to consider your personal finances. How much you earn versus how much you owe will likely determine how much aRead more
Be Careful When Pre-qualifying Online
Signing with too many lenders can hurt your credit While shopping for the best loan terms, you may be tempted to pre-qualify with more than one lender. If so, be careful. Too many pre-qualifications could affect your ability toRead more
Five Terrible Mortgage Mistakes
Make sure you're making the right choices before you sign Stay clear of the following pitfalls and you'll likely fare well in your mortgage search. Mistake 1: Not doing your homework. Don't assume that all 30-year fixed loans are theRead more
Ten Questions to Ask Your Lender
The answer to these queries will help you find the best mortgage Here are the 10 key questions to ask at application time to help you find the best overall mortgage loan. If you have already selected a lenderRead more