Mortgage News and Rate Updates

Reasons to do a annual mortgage checkup in 2023

4 Reasons to Do an Annual Mortgage Checkup in 2023

By John Chiappetta / August 23, 2023
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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…

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How Much Mortgage Can You Afford If You're Self-Employed in 2023?

How Much Mortgage Can You Afford If You’re Self-Employed in 2023?

By John Chiappetta / August 2, 2023
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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,…

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home buying myths drawing

Don’t Believe These Common Mortgage Myths

By John Chiappetta / June 28, 2023
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There are many myths surrounding mortgages that can make the process of buying a home seem daunting. However, it is important to separate fact from fiction to make informed decisions about your mortgage. Here are some of the most common…

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Understanding Your Mortgage Quote

Understanding Your Mortgage Quote

By John Chiappetta / May 24, 2023
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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…

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How to Know If You Are a Good Candidate for a Mortgage Loan

How to Know If You Are a Good Candidate for a Mortgage Loan

By John Chiappetta / May 10, 2023
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For a first-time buyer, the thought of applying for a mortgage loan can be daunting. Will you qualify? What sort of rate will you get? What type of mortgage should you apply for? Are you even a good candidate in…

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How to Make Buying a Home Less Stressful

How to Make Buying a Home Less Stressful

By Aly Yale / April 19, 2023
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Home buying can be one of the most stressful processes you’ll ever go through. You’re on a time crunch, you have thousands of dollars on the line, and you’re dealing with dozens of vendors, reams of paperwork, and, of course,…

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What Does a "Cash-Out Refinance" Mean?

What Does a “Cash-Out Refinance” Mean?

By Aly Yale / April 12, 2023
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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…

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Jumbo Loans Availability Jumps; Should You Consider One?

Jumbo Loans Availability Jumps; Should You Consider One?

By Jon Clark / March 29, 2023
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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…

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Mortgage Discount Points vs. Origination Points

Mortgage Discount Points vs. Origination Points

By Aly Yale / March 22, 2023
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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…

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Benefits of using a mortgage calculator

5 Benefits of Using an Online Mortgage Calculator

By Aly Yale / March 15, 2023
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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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