2022 Interest Rate Spike: The WHY Defined
Inflation = Too much money supply available for too few goods As we entered the days of a pandemic our supply of goods came to a screeching halt as the …
VA Loans
The VA loan was one of the many veterans’ benefits created by the Servicemen’s Readjustment Act of 1944, more commonly known as the “G.I. Bill.” The American Legion campaigned for …
What Makes Rates Change?
Changes in mortgage rates are an important factor in our decision to purchase houses or refinance existing mortgages. It makes us wonder, what really causes the mortgage rates to rise or fall? Well, …
Unpacking the Mortgage Payment – This is What you are Actually Paying for:
When you buy a house, your monthly mortgage payments go toward both your loan balance and other costs, like interest, insurance, and taxes. You can expect your monthly payment to cover: …
What is Escrow?
Oftentimes, during the mortgage process, the one aspect that can bring the most angst is the credit pull. There are MANY reasons why a credit pull may present problems, some …
What is an FHA Mortgage?
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). The FHA was created in 1934 as a result of the National Housing Act. This division of the government was …
Credit Challenges
Oftentimes, during the mortgage process, the one aspect that can bring the most angst is the credit pull. There are MANY reasons why a credit pull may present problems, some …
ARM vs. Fixed Mortgages – How to choose between them
If you’re about to take out a home loan, it’s important to understand the differences between a fixed-rate and adjustable-rate mortgage (ARM). For instance, you might be wondering why most …
What Documentation Will I Need to Apply?
When you’re buying a home, gathering the paperwork for your mortgage before you apply is a good idea. Tracking down documents can take time but doing it before you need …