Tag: lowest rate mortgage
If you want the best mortgage, don’t make these 10 credit score mistakes!
Mortgage interest rates are still near historical lows, but with gradual Fed increases right on the horizon, it’s more important than ever to maintain a great credit score. In fact, keeping a top FICO score can save you tens of thousands – if not hundreds of thousands – of dollars over the life of the […]
Why Debt-to-Income Ratio is the cornerstone of any mortgage loan approval
When you’re applying for a mortgage loan to buy a house or refinance, lenders look at many important factors, including a borrower’s credit score, the amount of money they’re putting down, and how much money they have in the bank. But there is no determining factor more important than a borrower’s Debt-to-Income Ratio, or DTI […]
7 Reasons you should refinance into a 15-year mortgage loan
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 […]