Mortgage interest rates are of major concern to most borrowers. It’s one of the largest factors when considering how much the loan will cost. Deciding when to lock in the rate requires you to understand the economic factors surrounding interest rates. Get Matched with a Lender, Click Here. While it’s impossible to predict what rates will do 100%, you can at least have a … [Read more...] about What Factors Can Impact Your Mortgage Interest Rates?
Can You Pay for a Lower Mortgage Rate?
If there was one aspect of a mortgage that you considered important, what would it be? Many borrowers say the interest rate. They want the lowest rate possible. It makes sense. Why pay more for a mortgage than necessary? If you have room for negotiation, you should take it. Sometimes, though, the better rate doesn’t come free. You have to pay for it. Here we look at the … [Read more...] about Can You Pay for a Lower Mortgage Rate?
VA IRRRL Net Tangible Benefit Policy About Interest Rates
Veterans have the benefit of securing 100% financing for a home purchase. They also have the benefit of the streamlined refinance program once they have a VA loan. In order to qualify for a VA IRRRL, you must have timely mortgage payments and have a net tangible benefit for the refinance. Many people believe this means only a better interest rate. Looking for Current … [Read more...] about VA IRRRL Net Tangible Benefit Policy About Interest Rates
The Top Questions to Ask Your Lender Before a Refinance
You waited long enough – interest rates are right where you want them so you are ready to refinance. Before you jump in head first, you should ask your lender the following important questions. Looking for Current Mortgage Interest Rates? Click Here. What is the APR? Don’t let yourself get so focused on the interest rate that you forget about the APR. The APR is the total … [Read more...] about The Top Questions to Ask Your Lender Before a Refinance
Getting Rid of a High Interest Rate Second Mortgage
Did you take out a second mortgage out of desperation? Maybe you found yourself in a bind and took the first loan that came your way. Now that you are out of that financial crisis, you wonder what to do with this high-interest rate second mortgage. Get Matched with a Lender, Click Here. The good news is that you aren’t stuck with it. You are going to have to do some … [Read more...] about Getting Rid of a High Interest Rate Second Mortgage