Mortgage News and Rate Updates
4 Reasons to Do an Annual Mortgage Checkup in 2023
Mortgage rates have been on the uptick in 2023, and home values are still rising, although not as quickly as they did in the past few years. This means that it’s more important than ever to make sure your mortgage…
Read MoreHow Much Mortgage Can You Afford If You’re Self-Employed in 2023?
Estimating how much of a mortgage you might qualify for is a relatively easy process with online mortgage affordability calculators. However, these calculators assume one major thing: that you are an employee of a company that provides you a consistent,…
Read MoreUnderstanding Your Mortgage Quote
Buying a home is a significant financial commitment, and understanding your mortgage quote is crucial to avoid surprises down the line. Your lender will provide a mortgage quote based on various factors, and being aware of these elements can help…
Read MoreWhat Does a “Cash-Out Refinance” Mean?
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to cover your nephew’s first year of college tuition. Whatever the reason, you know that…
Read MoreJumbo Loans Availability Jumps; Should You Consider One?
Jumbo loans are more accessible than ever. According to the Mortgage Bankers Association, jumbo loan availability hit a record high in November, meaning it’s now easier for homebuyers to qualify for these larger-sized loans. Does that mean you should consider…
Read MoreMortgage Discount Points vs. Origination Points
When you take out a mortgage loan, you’ll likely encounter two types of “points” — discount points and origination points. Though they sound similar, these “points” actually have two distinctly different purposes. It’s important to understand both — as well as…
Read More5 Benefits of Using an Online Mortgage Calculator
Mortgage calculators are pretty simple. They let you determine how much your monthly mortgage would cost based on a few simple factors — things like home price, interest rate, loan amount, loan term, and other details. And while that in…
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