This Article Is About 15 Year Versus 30 Year Fixed Rate Mortgage Loans Mortgage borrowers have a choice between 15-year and 30 year fixed rate mortgage loans. All mortgage loan programs have the option of 15 Year and/or 30 Year Fixed Rate Mortgage Loans 15 year home loans mean higher monthly housing payments due to…
This BLOG On Low Mortgage Rates Pushing Home Values Higher Was PUBLISHED On June 30th, 2019 Home prices are at the highest value since the real estate and credit meltdown of 2008 Home values nationally are up 5.1% from the same period last year, 2018 Housing demand is overcoming the supply in housing nationally This coupled with…
This BLOG On Feds Cause Mortgage Rates To Drop To Lowest Levels In 3 Years Was PUBLISHED On June 29th, 2019 Feds Cause Mortgage Rates To Drop This Week. After the Federal Reserve Board’s meeting on March 2019, mortgage rates have been consistently dropping Both 30 year fixed mortgage rates and 15 year fixed mortgage…
This ARTICLE On How Stock Market Affects Mortgage Rates And Housing Markets Was PUBLISHED On February 27th, 2020 How Stock Market Affects Mortgage Rates And Housing Markets and should homebuyers panic? The Trump economy has been booming since President Trump took office The Dow Jones Industrial Average and all other market indices have been hitting…
This ARTICLE On The Benefits Of The Fed Rate Cut For The Housing Market And Borrowers Was PUBLISHED On August 1st, 2019 Benefits Of The Fed Rate Cut: Federal Reserve Board Chairman Jerome Powell announced on Wednesday, July 31st, 2019 the Feds will be cutting interest rates by 0.25 basis points. The news of the Fed…
This ARTICLE Is About Wealthy Illinoisans Fleeing State To Lower Taxed States Wealthy Illinoisans Fleeing State To Lower Taxed States than any other states in the nation: High Illinois taxes are forcing Wealthy Illinoisans Fleeing State To Lower Taxed States than any other state in the nation Illinois Governor J.B. Pritzker’s proposed progressive tax is…
Discount Points: How to Buy Down Your Mortgage Rate in 2024 Buying a home is one of the biggest financial decisions most of us will make. While locking in a good mortgage rate is a priority for most homebuyers, not everyone knows that you can lower your interest rate even more by using discount points….
In this blog, we will discuss and cover How The Federal Reserve Affects Mortgage Rates. If you pay attention to the news, you have heard quite a bit about the Federal Reserve over the past few years. You have probably heard terms such as transitory or permanent. The Fed Chair Jerome Powell is on record…
This Article Is About How To Raise Credit Scores To Qualify For Mortgage How To Raise Credit Scores To Qualify For Mortgage? I get many inquiries everyday by home buyers who have decided to become homeowners and who were turned down by other lenders because they did not meet the minimum credit scores The question…
This blog will discuss how lenders price mortgage rates by credit score. We will compare mortgage rates for Maine homebuyers with bad credit and the difference between higher credit score borrowers with lower rates. Lenders base risk levels on the credit score of borrowers. We will compare the various loan programs’ best mortgage rate options…
The article covers 30 Year Fixed Mortgage Rate At Historic Lows On Home Mortgages 30-year fixed-rate mortgage rates have dropped to a 20 month low. According to Freddie Mac, 30-year fixed-rate mortgage rates have not been this low in 20 months. Mortgage rates have been consistently sliding on a downward trend this year with a…
This guide covers what are the top reasons to refinance mortgage. Mortgage rates are at three-year highs and keep rising. However, many homeowners have reasons to refinance mortgage. Home prices are appreciating like never before, with no signs of any slowdown. Today’s economic instability has alarmed every Americans. Surging inflation, historic high interest rates, and…
This article is about Home Equity Line Of Credit In California Versus Cash-Out Refinance Home Equity Line Of Credit In California: California is the largest state in the nation California also has one of the highest home values in the United States Average home prices in the state of California is $595,700 when the national…
This guide covers what determines mortgage rates on home loans. Mortgage lenders determine rates based on the borrower’s risk level. How can a lender determine a borrower’s risk level? Mortgage companies have several factors they use to determine risk levels for borrowers. The biggest factor used to determine risk is the borrower’s credit score. Pricing hits on risk level are called loan-level pricing adjustments. Loan-Level Pricing…
This guide on HARP for underwater mortgages is an older blog from when the Home Affordable Refinance Program was popular. HARP for underwater mortgages no longer exists. This guide on HARP for underwater mortgages was updated and edited for archival services for viewers who want to research HARP for underwater mortgages. In the following sections,…