Mortgage Blog
What is a Rate Lock?
A rate lock is a short-term agreement for a lender to "hold" an interest rate on a home while the buyer negotiates the actual sale. Rate Lock Requirements Requirements for rate locks vary from state to state. Within states, individual lenders often … [Read More...]
Fundamentals of Understanding Your Mortgage Rate
Fundamentals of Understanding Your Mortgage Rate A mortgage rate is the interest rate you pay on your home loan. Understanding your mortgage rate is important, because your rate, along with your loan type and your loan amount, determines your monthly … [Read More...]
10 Mortgage Loan Types
There are many types of mortgage loans. This article examines ten of the most popular mortgage types. 1. Fixed Rate Mortgage A fixed rate mortgage is a mortgage with an interest rate that does not change over time, ensuring monthly payments will … [Read More...]
More Blog Articles
Refinance Mortgage
When is the Right Time to Refinance My Mortgage?
With interest rates at all time lows, many homeowners are attempting to refinance their mortgage, and with the economy in a spiral it makes perfect sense to refinance or seek a home loan. ItÕs also important to remember the many factors that go … [Read More...]
Getting Ready to Refinance Your Mortgage
Its hard to look at todays rates and not wonder if its time to refinance your mortgage. You also might be asking yourself if you have the credit ranking, and financial ability to do so. This economy has affected everyone, and having a lower mortgage … [Read More...]
Finding the Right Refinance Mortgage for Your Needs
You said you wanted to refinance your mortgage, right? Well, be prepared, there are many options available, and unlike your favorite cap, there not all one size fit all. This excellent list, which was researched carefully, includes everything, … [Read More...]