Mortgage loan appears too complicated to understand for many first-time home buyers. It involves a lot of factors and calculations which could easily confuse anyone. Hence, many people end up getting a lot of financial headaches along the way. The good thing is, such worries are completely avoidable if you would learn essential info about …
How Lenders Determine Mortgage Loans
You need mortgage loans when you want to buy a real estate property and you need help in paying it up. Mortgage loans can let you jump in a deal with bankers, wherein they would pledge to pay 80% of the house cost. That leaves you with only 20% of the total cost to pay …
Consider More Than Just Interest Rates for a Home Loan
Interest rates aren’t everything when talking about mortgage loans. Yes, they are important, but they’re pretty small compared to all other remaining factors. In fact, many homeowners end up trapped in serious predicaments after forgetting to examine all options. The key to finding the best mortgage loan is to be aware of all possible setbacks …
Coronavirus Continues to Fuel Market Volatility
Market Volatility Remains ElevatedOverview: Over the past week, the coronavirus again was the source of nearly all market movement. Daily volatility remained extremely elevated, and mortgage rates ended a little above last week’s record-low levels. The degree of uncertainty about the spread of the coronavirus still has not eased, making it very difficult to forecast how …
A Refinance Means More Than Monthly Savings
You refinance to a lower rate, and you get a lower payment. But the opportunities don’t stop there. Reduce your balance faster. When you refinance to a lower interest rate, you pay more principal with each payment, especially in the first years of the loan. Example: After five years of payments on a 30-year loan of $200,000 at …
