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Rates

by Chad Baker July 22, 2021

Why Interest Rates May Not Match Lender Advertisements

Mortgage lending can be highly complex, which often leads to confusion and frustration among consumers. Interest rates are a perfect example. While many organizations advertise extremely low rates, you don’t always get these low rates, and interest advertised by companies…

What’s the Longterm Cost of High Interest on Your Mortgage?

by Chad Baker June 22, 2021 0Comments

It’s no secret that interest rate matters to the total affordability of your loan. Borrowers, lenders, real estate agents, lending professionals; everyone in the mortgage and real estate industry is aware that interest rates matters. But just how much does it…

Rising Interest Rates and How to Position Yourself

by Chad Baker March 12, 2020 0Comments

Within 24-48 hours the national media will begin reporting mortgage interest rates are on the rise. This is exact the opposite of what has been reported for the past 2 weeks. Rates have been increasing since Monday of this week. My friends…

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…

What Every Borrower Needs to Know About “APR”

by Chad Baker July 27, 2018 0Comments

Whether you are borrowing money for a new fridge or a million-dollar home, you will likely come across the term “APR.” You hear it on auto commercials and on signs for furniture stores; you’ll also see it when researching mortgages. While…

The Use of IRA Distribution as Income to Qualify for a Home Loan

by Chad Baker August 14, 2017 0Comments

When we think of loan qualification, we think of credit scores, debt-to-income ratio, and annual salary totals from a steady career. We rarely think of the money locked in an Investment Retirement Account (IRA), 401(k), or Keogh retirement account. For many seniors…

Can You Afford to Buy a House? Try a Mortgage Calculator with Taxes and Insurance

by Chad Baker August 1, 2017 0Comments

Buying a house is one of the biggest financial estimates most of us will ever make. As you get older, the idea of purchasing a home shifts slowly from a daunting expense to an essential one. Maybe you have a growing family…

History of Construction Defect Litigation

by Chad Baker July 25, 2017 0Comments

In 1958 Puerto Rico created the first condominium legislation, effectively making Puerto Rico the first place in the Unites States to start building condominiums. The state of Utah adopted condo legislation in 1963 and by 1965 the condominium revolution had begun to…