One phrase you’ll see repeatedly if you're buying a home is “annual percentage rate” or APR. But what does that mean?
Author: Peter Pescatore (Peter Pescatore)
There’s a reason homebuyers are always hearing that they should get pre-approved before shopping for a home, and yet, many buyers still choose not to get a pre-approval.
With today’s interest rates still incredibly low, refinancing is still a common topic of discussion. Refinancing can be a great way to help save money, but it’s not a great option for everybody.
It’s a common misconception that FHA loans are for first-time homebuyers while conventional mortgages are for seasoned homebuyers, but that’s not necessarily the case.
If you’re new to the homebuying process, chances are you’re wondering what the term “government backed mortgage” really means. A government backed mortgage is not a guarantee that you will be approved just because the federal government is backing the loan.
Having a great credit score will provide you with better mortgage options, but what happens after you acquire a mortgage? How does a mortgage affect your credit score?
And although title transfers may seem simple, they can actually become quite complicated if there are unresolved liens or claims on the property. This makes title searches important for both buyers and sellers.
If you need to take out a loan, you’re going to have to pay back that loan with interest. Interest is paid in exchange for the convenience of borrowing money. It’s sort of like the price on borrowing money...
Ever since the Federal Reserve slashed short term rated and pushed money into the mortgage market, interest rates have begun to stabilize at extraordinary low numbers. These low interest rates are making it a fantastic time to refinance...
Just when we thought mortgage rates were done breaking records, Freddie Mac announces that 30-year fixed rate mortgage rates have dropped to another new low.