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Found 59 results for 'Refinance'.

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 ...

Sharp Drop in Rates Spark Jump in Applications

The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week,...

Maximize Your Veteran Benefits by Exploring VA Loans

If you're eligible for veteran's benefits, you have access to a specialized class of home loan that may help your dreams of homeownership come true. The Department of Veterans Affairs backs loans offe...

What is a Commitment Letter?

What Does the Letter State? A commitment letter specifies the type of mortgage being obtained, the amount of money being borrowed, the terms or length of the repayment period, and the mortgage interes...

The 30 Year Fixed Rate Mortgage: America’s Most Popular for a Reason

Why is The 30-Year Fixed So Popular?The 30-year fixed rate mortgage offers a competitive interest rate that remains fixed for the entire term of the loan. This means the mortgage payment for principal...

Understanding the Basics of Home Equity in 2021

By definition, home equity is the difference between the property’s current market value and the amount you still owe on the mortgage for that property. For example, if your home is currently valued a...

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...

Mortgage Insurance

What is PMI? The idea of owning a home for the first time is an exhilarating prospect for many people. Factor in the excitement of having found a dream home or needing to make a move in a hurry for a...

A History of Mortgage Rates

Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...

Inflation is Coming – Here’s What You Need to Know

Signs of Inflation Gas Prices One of the most obvious signs of rising inflation is gas prices, though they had some help last week from the hack and subsequent shutdown of the Colonial Pipeline. The s...