Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?

Fixed Rate Mortgage Benefits Not only will the fixed rate you secure today be the same rate 10, 20, and 30 years from now, but the 30-year fixed-rate mortgage is also attractive because you can purcha...

Why You Should Refinance Your Adjustable-Rate Mortgage?

I Have An ARM, But What Does That Mean? With an adjustable-rate mortgage, the interest rate will change throughout the life of your loan, but only after a fixed-rate period. Typically, during that fix...

Why Refinancing Still Makes Sense Amid Rising Rates

Mortgage Interest Rates Are Still Considered Low Even as mortgage rates have been rising over the past year, the rates remain near historic lows; therefore, many people are locking in today’s rates to...

Is Now a Good Time to Get an Adjustable-Rate Mortgage?

Are you questioning whether now is a good time to buy? Before you write off your homeownership dreams, know that an adjustable-rate mortgage (ARM) could be the home buying strategy that gets you in yo...

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...

How Does Mortgage Interest Work?

Here is How Your Mortgage Is Calculated Amortization Mortgages are repaid with amortization. This is an established installment loan repayment schedule that includes your overall monthly payment and ...

How Rising Rates Will Affect You

Interest Rates are Going Up The March jobs report marks one year since the first pandemic job losses, and even with the improving job numbers, the number of employed Americans is not expected to retur...

FHA Refinance Guidelines in 2022

The FHA also offers great refinancing options, whether you’re an existing FHA borrower or not. If you’re thinking about a refi, an FHA refinance might be right for you. Check out these FHA refinance o...

What is the Federal Reserve?

Why Does the Federal Reserve Raise Interest Rates? According to Investopedia, “the interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal. The in...