Category: Mortgage Tools-News

As a first-time buyer you want to make sure that you can get pre-approved for a mortgage before you start the process of looking at homes. The mortgage underwriting today is a full-documentation process where the lenders are looking at your deposit accounts, your federal tax returns, your credit score, verifying your income and your financial obligations. They are making sure that you are a safe borrower for them to lend money to.

3 Tips to Getting Preapproved for a Mortgage

When you’re trying to get a mortgageto buy a home, it’s important to make yourself as attractive and appealing to lenders as possible. If you’ve already found a property you like, getting preapproved for a mortgage loan may be just the thing you need to seal the deal. And it’s one good way to avoid getting beat out by other

We’re Breaking it Down: When Waiting for 20% Down Is The Wrong Choice

A 20 percent down payment is the gold standard held up by every real estate resource ever. With less than 20 percent down, you’re on the line to pay PMI — private mortgage insurance — a fee that’s tacked on to your mortgage every month for no other reason than to protect the bank (not

Mortgage Rates Monday: Mixed, Accompanying Brisk New Home Sales

The average rate on 30-year fixed-rate mortgages fell three basis points, the 15-year fixed rate dropped three basis points, too, and the 5/1 ARM climbed three basis points, according to a NerdWallet survey of daily mortgage rates published by national lenders Monday. The 30-year fixed-rate mortgage is three basis points lower than one week ago and 21 basis

30-Year Fixed Mortgage Rates Drop Slightly

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.08 percent, down from 4.13 percent at this same time last week. The 30-year fixed mortgage rate hovered around 4.13 percent for most of the week, falling to 4.04 percent on Monday before rising to

WHERE ARE MORTGAGE RATES HEADED?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. According to a recent article

Weird things can affect your credit score

Attaining and maintaining a good credit score is important because you could get a lower interest rate on your mortgage, potentially saving you tens of thousands of dollars over the life of your mortgage. In order to get the highest credit score possible we’ve all heard the typical advice for keeping good credit: Pay all

Real Estate Tools

You have a good idea of what you think you want… but need some numbers to really zero in on what you can manage? Sometimes it can be hard to make those critical decisions with them. Here are a few most people find helpful as they are beginning the buying process for the first time.

First Time Buyer Mortgage

Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Part 9 Part 10

Waiting Period for getting a mortgage if you’ve filed bankruptcy, had a foreclosure or a short sale

Past 50 Years Mortgage Rates

Mortgage Rates 50 Years  As you can see from the chart above, today’s mortgage rates are lower than they were 50 years ago. Imagine having a 30-year fixed mortgage rate which is lower than your parents and, possibly, your grandparents! So if you are thinking of buying real estate, NOW is a great time to

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