If you’ve never bought a home before, or even if you have, the most mysterious piece of the mortgage loan process is understanding current mortgage interest rates. How are mortgage rates determined? Why do mortgage rates fluctuate? And why do they differ from one lender to another? The Prime Rate Current mortgage interest rates are [...]
One government-backed loan that doesn't get a lot of attention, but features a number of great benefits, is the United States Department of Agriculture (USDA) Rural Development Guaranteed Home Loan. According to their website, the USDA provides approved lenders a 90% loan guarantee so that they in turn can offer rural homebuyers of, "low and [...]
Rates and home prices still are up. Inventory and affordability are still down. Nothing is much different from the past several weeks. Same old, same old. Seems like an eternity since there has been really good news in the mortgage or real estate markets. So, it's time to mix it up with some feel good [...]
For most of us, our mortgage payment is the biggest monthly bill we pay. The best part of that payment is that it builds equity that can be used to improve your financial situation. It's what separates your mortgage payment from a car loan and credit card bills. So, when those monthly bills begin to [...]
Things in the mortgage and real estate markets have not changed much in the past week or so. Rates are basically flat, affordability is down because inventory is low, and prices are continuing to rise because of the demand created by the remarkably low inventory — especially when it comes to entry level homes. Much [...]
Buying your first home is always exciting, but when you’re used to the outdated, old, and not-so-glamorous properties on military bases? The venture is even more exhilarating. For the first time, you have full control over where you live, what your home looks like, and what your future holds. The possibilities are endless. Still, as [...]
At the end of July, Embrace Home Loans will be taking advantage of some agency guideline changes, offering a 3% down conventional mortgage to first-time homebuyers without any of the income and geographic restrictions currently in place. This announcement may seem a little premature, but it is useful information to have as you work with clients [...]
Itching to get that mortgage off your back? Just want to make a dent and lower the interest you’re paying? A side hustle gig might be your solution. While your 9-5 can cover your monthly payment — as well as all the other countless expenses you incur as a homeowner (and just in day-to-day life!) [...]
The 2018 housing market will not differ significantly from what we saw in 2017. Interest rates remain on the rise, but more concerning are rising home prices and a continued shortage of properties for homebuyers to choose from. This doesn’t mean you can’t find a home in this selling season, though. It simply means you [...]
Whether your credit card balances have gotten out of hand or you’re just tired of tracking 15 different bills and payments every month, debt consolidation can be a great option—saving you both money and hassle over the long term. Put simply, debt consolidation allows you to roll all of your debts (everything from medical bills [...]
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