Tag: mortgage facts
Are you a mortgage expert…or a novice? Take our home loan quiz and find out!
Have you owned a home for a long time? Have you taken out several mortgage loans in your lifetime, and even refinanced once or twice? Do you make a mortgage payment every month now? While that may describe the typical American family, there is still a general lack of knowledge when it comes to home […]
20 Fun and interesting mortgage facts!
Sometimes, you want in-depth, meaningful blogs about home loans and the real estate market. But other times, you just want some rapid-fire fun mortgage facts to keep you informed and entertained! Today is one of those times! So enjoy these 20 interesting mortgage and real estate facts: 1.The first step to getting a mortgage is […]
What’s the average mortgage interest rate over time?
Some of us in the mortgage business, like myself, track interest rates every day or even every hour. Others, like most consumers, only hear about rates climbing or falling second-hand, on the news or in the newspaper. Even more homeowners pay close attention to the interest rate environment only when it’s time for them to […]
A timeline of the mortgage history in the U.S.
Most homeowners have a mortgage, but few every wonder where they came from. In fact, this lending product that allows someone to buy a home while putting down only a small percentage of the purchase price has been around for a really long time! The word ‘mortgage’ itself brings us back through history. The etimology […]
10 Things you should know about Federal Housing Administration (FHA) loans
All about the the FHA Started in 1934, the Federal Housing Administration (FHA) is a government agency that aims to help more Americans access home ownership. They do this by insuring mortgage loans made by other lenders, easing their risk and therefore allowing for a wider range of people to qualify. The FHA officially became […]