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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...
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...
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...
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...
There are a lot of decisions to make when it comes to buying a home. One of the most important is deciding between a fixed-rate and an adjustable-rate mortgage. While adjustable-rate loans have their benefits, you’ll find that fixed-rate loans...
Many variables go into a mortgage loan. Credit scores, debt-to-income ratio, property values, and borrower income are all considered when writing a loan. One of the most important factors is interest rates. When interest rates rise, it can create...
The Federal Reserve has increased interest rates for the third time this year, a move that shows growing confidence in the state of the economy. The benchmark federal fund rate is moving up a quarter of a point, from...
The most popular way to use a Bridge Loan or a Listing Loan is in a purchase transaction when a buyer would otherwise be forced to make a contingent offer. Some reasons for a contingent offer may include, but...
You may wonder why mortgage lenders are very competitive as it relates to mortgage rates. First, they must be competitive in price along with a strong reputation in the community, service and communication. You won’t find one mortgage lender...

Rate Quotes

If It Sounds Too Good To Be True… It's not uncommon to see advertised mortgage rates well OUT of line with reality. A rate sheet or advertisement might look something like this: Whether the advertised options will be available for your transaction...