the INFORMED
LENDING BLOG
Frequently Asked Questions
Welcome to Mortgage 101. Whether you’re a first-timer or just need a refresher, we’ve got the home financing details you’re looking for. This list of FAQs has been curated by our team members, based on common recurring questions. For a deeper dive into the mortgage experience, check out the Informed Lending Blog posts below. Better yet, drop us a line or give us a call at 480-776-2954.
More Affordable Mortgage Options!
The mortgage industry received some welcome good news last week that we want you to be aware of.The FHFA (Federal Housing Finance Authority) announced that they are eliminating upfront fees …
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 …