It’s no secret unless you’ve been living under a rock, that the Federal Reserve almost for certain is going to raise interest rates in March of 2022. The question then becomes if the Fed raises rates, what happens with mortgage rates? Well, the answer just might surprise you. Most people think when the Federal Reserve…
If you’re thinking about refinancing your house and you’ve been on the fence; now would be a good time to start that application. Interest rates are all relative so it’s important to understand the total picture when deciding whether you should refinance your property. It’s no surprise that the federal reserve more than likely…
People looking to refinance their homes are always looking for a good deal. It goes without saying you’ll want to do the best you can for yourself financially. Get the best combination of rate, price, and customer service. Here are some things that you should give some consideration to when choosing who to work with…
You’re trying to purchase or refinance a home. You have an ex that you’re dealing with that you were either married to or on the title to a property with. The mortgage process depends on what that communication looks like with that other person. It could be very easy or more technical and challenging. Yes,…
People are always trying to find additional ways to reduce their costs when buying a home. Maybe that means buying a lower price point or changing to a condominium instead of a single-family house. Another segment of the market in most people’s home search journey considers the possibility of buying a piece of land and…
Not all mortgage companies are the same. What type of lender or mortgage professional you work with can make the difference between you being successful in your home-buying endeavor or not. You want a lender, or someone working on your behalf who has the “whatever it takes” approach to helping you with financing. No matter…
Maintaining a personal budget and having a good financial plan associated with your income is a good 1st step in preparing yourself to get mortgage loan financing. Whether you are buying a home or refinancing, consumer debts matter. It can make or break your situation. Here are some things you might want to give some…
Probably the biggest misnomer in mortgage finance is what consumers’ interest rates do when the Federal Reserve hikes interest rates up. The Federal Reserve is trying to control and stimulate the economy or slow down the economy based on economic conditions. What they do or don’t do, does influence mortgage rates. But it is not…