Category: Mortgage
Mortgage rates fall for the first time in 3 weeks, but demand is still light
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.03% from 3.06%. Applications for a loan…
More than one-third of consumers found errors in their credit reports, investigation finds
Lenders review every mortgage applicant’s credit report to evaluate their ability to repay a loan and their overall creditworthiness. Your credit report — and credit…
My wife and I have $1.8 million saved and earn $400K. I want to pay off our 20-year mortgage before we retire. She says no
‘I worry that stretching that house payment into our first five years of retirement will eat a huge chunk out of the retirement funds’ My…
Which Type of Mortgage Is Best For You?
Whether you’re buying a home for the first time or the fifth, applying for a mortgage can be a daunting process.But the more you know…
What are the included costs in the mortgage refinance?
Mortgage points (or Discount points) Mortgage points are charges paid to the lender directly at closing, in exchange for a decreased interest rate. This…
What credit rating is required during purchasing a home?
Are you a first-time homebuyer? One of the crucial determinants in securing a mortgage is your credit score. The three-digit numbers sometimes make buying a…
All about National Mortgage Rates
After some straight declines for a few weeks, mortgage rates have started marching up one more time. When I observed the 30- year fixed are…