How Your Mortgage Rate is Calculated (and What You Can Do About It)
Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...
Buying a Home With Student Loan Debt in 2022
How Do Student Loans Impact Your Finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt you...
Mortgage 101: A Beginner’s Guide to Mortgages
A mortgage can seem complicated, but Newrez is here to help you feel confident in the mortgage process from start to finish. Check out some of the most common mortgage questions below so you’ll be rea...
Requirements for a VA Jumbo Loan VA jumbo loans require standard property and appraisal requirements. Additionally, the home must be a primary residence and it must pass basic inspections including fo...
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 ...
Buying a House: Learn About What Goes Into Mortgage Payments
Here’s How to Calculate Your Mortgage Payment While there are many costs associated with owning a home, let’s start with what exactly makes up a large portion of the cost – your mortgage payment. A...
Tips on Home Buying with Student Loan Debt
How Do Student Loans Impact Your Finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt y...
Step 1: Determine If You’re Ready to Buy a House Are you excited about buying your new home? Know that preparation is a huge step that can save you a lot of time along the way. Rounded up below are ti...