Do you have a 30-year mortgage loan on your home? If so, you might be missing out on the huge savings a 15-year loan could offer. Since rates hit record lows in 2012, more people than ever are opting to use a 15-year loan to become mortgage free in half the time at a significantly […]
If you’ve refinanced your mortgage, or got a purchase loan when you bought a home recently, you probably remember signing a whole stack of paperwork at the closing. And if you’re like most people, you probably weren’t crystal clear on every single item and document you signed when it came to title and escrow, but […]
When it comes time to apply for a mortgage, you have a lot of option to choose from, including fixed rate or adjustable rate loans. We’ll define them and discuss the pros and cons here. Fixed-Rate Loans A fixed-rate mortgage loan has one set interest rate for the entire length of the loan, typically 30 […]
You may have heard the term, “The Panama Papers,” a lot lately in the news and online. In fact, that’s the name of a financial scandal that has transcended international borders, political philosophies, and even governments, exposing the biggest and most powerful nexus of wealth that the world has ever seen. But most people still […]
A snapshot of how credit works. Keeping a great credit score is the best way to save money on your mortgage, car loan, credit cards, and other interest rates, and it can take a lifetime of responsible financial choices to achieve that. Unfortunately, there isn’t just one credit score because there are several credit reporting […]
Tens of thousands of homeowners may soon have their mortgage balances cut and even payments reworked according to a report by the Wall Street Journal and other sources. The aid comes under a plan that has recently been approved by Federal Housing Finance Agency, the regulator and overseer of mortgage-finance entities Fannie Mae and Freddie […]
When was the last time you refinanced your home loan? If you’re like many U.S. homeowners, the fact remains that you very well could be over-paying on your mortgage every month by a serious amount based on what loans are available at current interest rates. In fact, the according to a new study by the […]
We’re nearly half a decade removed from the dark days of the real estate crash, mortgage meltdown, and Great Recession in the U.S., and yet we still have a shadow that’s cast over the national housing landscape. In fact, home ownership is at an alarmingly low level, despite low interest rates, strong job numbers, and […]
There are certain things that are quintessentially American: big cars, big buildings, big movie stars, bigger hamburgers, and…big mortgage loans? In fact, jumbo loans – or any loan above conventional loan limits as set by government-sponsored Fannie Mae and Freddie Mac – are back in a big way. Despite having gone through some volatility during […]
Let’s say you’re in the market to buy a house, so you and your husband or wife are sitting comfortably in your favorite Realtor’s car, driving around on a pleasant Saturday morning looking at prospective homes for sale. You turn down a pleasant tree-lined street and pass friendly, waving neighbors, and your mind naturally turns […]