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Interest Rates

by Chad Baker June 1, 2021

What is PITI? Understanding the Components of Your Mortgage Payment

Part of being a responsible and successful homeowner and borrower is understanding what goes into your mortgage. While you may not need to track the route of every single penny, it helps to understand the various components of your total monthly payment.…

Even Higher Rates Can’t Cool a Blazing American Real Estate Market

by Chad Baker April 27, 2021 0Comments

It seems the real estate market is hot, and even steadily rising interest rates can’t cool it off. While there has been a slight dip in rates, the medium- and long-term numbers show that people are clamoring for homes even when the…

How the 2020 Election Could Impact Mortgage Rates

by Chad Baker October 6, 2020 0Comments

The 2020 election cycle has been one of the most turbulent in recent memory. No matter what happens in early November will be a year long remembered. Regardless of the outcome, many factors could change, including mortgage rates. At San Diego…

Interest Rate Update: Where We Are, Where We are Going in 2020

by Chad Baker December 17, 2019 0Comments

Interest rates can have a profound impact on the overall affordability of your loan. Whether you are actively shopping for a new property, are considering a move, or want to use a mortgage loan for an investment property, you need to understand…

7 Essential Tips to a Lower Interest Rate

by Chad Baker July 30, 2019 0Comments

If you are eligible, a VA loan can be the most reliable, affordable, and convenient financing option for your home. VA loan rates can vary depending on the purchase and the borrower. Fortunately, there are a few things you can…

What You Need to Know About Bank Statement Interest Rates

by Chad Baker July 23, 2019 0Comments

The vast majority of mortgages use paystubs, as well as tax returns, to verify a potential borrower’s income. For nearly everyone, this creates a convenient way to get approved for a mortgage. However, some borrowers need a different way to…

How FHA Mortgage Rates Impact Your Loan, and What You Can Do About it!

by Chad Baker June 20, 2019 0Comments

There are many factors that impact the total cost and monthly payments on your loan. One of the most important is the interest rate. While a single percentage point may not seem like much, over the course of a 30-year loan it…

Financial data in high-tech presentation

Investment-Property Mortgage Rates: A Look at Current and Future Interest

by Chad Baker January 4, 2019 0Comments

It’s just an inescapable fact for loans on investment properties: the interest rates tend to be higher. This is simply because an investment property, for obvious reasons, has a higher chance of foreclosure than a primary residence. While the specific…

Federal building under blue sky and white clouds

What’s Happened in the Past Year with Federal Interest Rates?

by Chad Baker November 9, 2018 0Comments

Right around mid-December of last year (2017), we wrote about the Federal Reserve raising the benchmark federal rate from 1.25% to 1.5%. This increase was in response to a growing economy and the then-upcoming tax changes, which were passed before New…

Busting the Myth on Jumbo Loan Interest Rates

by Chad Baker September 21, 2018 0Comments

There are a lot of myths in mortgage lending and real estate. You must have a 20% down payment. False. You can’t purchase a home if you already have a significant debt load. Wrong. It’s always better to purchase a home than…

Large home that may require HPML jumbo loan

What Happens When Your Loan is an “HPML?”

by Chad Baker September 12, 2018 0Comments

It happens in lending from time to time. On occasion, rates are so high that they trigger the requirements of a High-Priced Mortgage Loan, also called an “HPML.” In many cases, this means the only solution is to establish an impound…

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