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Found 120 results for 'Mortgage'.

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...

7 Misconceptions About a Mortgage Refinance

1. Waiting for rates to drop Waiting for mortgage rates to drop can be a gamble, because there’s no guarantee rates will go lower. Refinancing is a smart choice when it makes sense for you, your situa...

Buying a Home With Student Loan Debt in 2021

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...

Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

The Federal Housing Administration (FHA) said that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a row.  In its ...

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...