Search results for “Adjustable Rate”


Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?
September 15, 2021

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?
April 15, 2022

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
April 12, 2021

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...


Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
November 26, 2021

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?
February 18, 2022

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
May 3, 2021

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
February 11, 2022

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?
May 10, 2021

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...


Homebuilder Sentiment Higher in January
January 21, 2019

Homebuilder Sentiment Higher in January

The downturn in mortgage interest rates that began in November finally has homebuilders feeling better. Builder sentiment rose 2 points to 58 in January on a monthly index from the National Associatio...