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Found 101 results for 'Mortgage'.

Mortgage 101: Lingo You Need to Know

However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...

DTI: More Important Than Your Credit Score?

By definition, your debt-to-income ratio is a calculation of your total gross monthly debts or payments divided by your total gross monthly income. DTI is calculated both prior to a mortgage and with ...

Benefits of Using a Loan Officer for Your Mortgage

What is a Loan Officer? As James Taylor famously reminds us in his hit song written by Carole King, “Now, ain’t it good to know that you got a friend?” If you have ever experienced a complex financial...

What Not to Do Between Application and Closing

Ignore Impulse Buys The days between the time you apply for a mortgage and the moment that you close the loan can be filled with adrenaline. The excitement of owning your first home or buying a new on...

Mortgage Rates Are Going Up – You May Want to Act Now

Why Are Mortgage Rates Going Up? According to the latest data released from Freddie Mac, the 30-year fixed-rate just increased for the seventh consecutive week. The same report indicated that purchase...

Mortgage Applications Set a Record for Third Straight Week

Total mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 1.8 percent higher than a yea...

10 Questions for the First Meeting With Your Loan Officer

They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...

What You Need to Know About the 20% Down Payment Myth

How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...

Why Refinancing Still Makes Sense Amid Rising Rates

Mortgage Interest Rates Are Still Considered Low The 30-year fixed-rate recently hit a one-year high. Reasons for the increase in mortgage rates include an improving economy and government stimulus sp...

Mortgage Rates Are Still Historically Low

Freddie Mac and the 30-Year Fixed Mortgage According to the latest data released from Freddie Mac, the 30-year fixed-rate mortgage decreased by almost ten basis points to 3.04% That’s not only lower t...