Whether you are an experienced buyer or searching for your first property, you may have come across a unique term, one that is becoming more and more popular in the mortgage industry. “Lock and shop”
Mortgages could be changing in the near future, and these changes could impact how homeowners buy and sell their properties. While making accurate predictions about future mortgages is extremely difficult (and often unreliable), we’ll look
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,
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
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
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
Mortgage loans come in many forms, including adjustable-rate mortgages, which are often called “ARM loans.” These loans have a unique structure that allows the interest to go up or down alongside current rates. Instead of
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
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
Chad Baker
Originating Branch Manager
NMLS #329451
858-353-8331
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