Mortgages

Lower Rates Create New Opportunities for Buyers and Homeowners

At the end of July, Chairman Jerome Powell announced a cut in interest rates for the first time in over a decade. The Federal Reserve made a cut of 0.25 percent or 25 basis points – the first such move since the December 2008 financial crisis.

How to Minimize Your Closing Costs

The invoice for closing costs is the concluding obstacle between home buyers and their new homes, and it can draw an unexpected chunk of money. Closing costs can come in at up to 5% of your home’s purchase cost, so they’re not exactly small change. Let’s talk about...

What to Look for When Choosing a Lender

Purchasing a home is a long haul, so initially, in the process of looking for a home, you will need to find a lender you can trust. You’ll have a mortgage payment for 15, 20, or even 30 years, so it’s smart to shop around to find the best mortgage lenders out there.

Low Mortgage Rates Will Boost Summer Home Sales

Mortgage rates in the USA are currently at a low and it’s having a great impact on our housing markets. On June 13th Freddie Mac reported that the average interest rate

The Mortgage Myth Stopping 1 in 3 People from Trying to Buy a Home

New reporting found that 1 in 3 people who plan on purchasing a home in the next three years think the outdated requirement of needing 20% down to purchase a home is still true. This misconception has kept an astonishing 70% of those potential homebuyers from even trying to purchase a home.

How is your Credit Rating vs. The Rest of America?

The average credit score of American’s is now 700, this is the highest level since the Great Recession. That means if your score is above 700, you are doing better than 50% of the population. This number has a direct impact on what it will cost you to buy a home.