Posted in 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…

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Posted in Mortgage

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…

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Posted in Mortgage

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…

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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…

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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…

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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…

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Posted in Mortgage

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…

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