Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...

Latest Posts

Brexit vs. Mortgage Rates: How Low Might They Actually Go?

Brexit vs. Mortgage Rates: How Low Might They Actually Go?
June 24, 2016 No Comments »

Bye Bye Britain Well, the unthinkable happened early this morning (or late last evening depending on where you live). The UK voted to leave the European Union, agreeing to Brexit instead of Bremain, as they say. So hold onto your ... Read More »

A Bank Is Offering Discounted Mortgage Rates Because Cleveland Won an NBA Championship

A Bank Is Offering Discounted Mortgage Rates Because Cleveland Won an NBA Championship
June 23, 2016 No Comments »

If you didn’t hear the news, LeBron James and his Cleveland Cavaliers won the NBA championship. It’s pretty amazing because they did so after being down 3-1 in the series, meaning they had to win three straight. It’s even more ... Read More »

Guaranteed Rate Launches 1% Down Payment Mortgage Program

Guaranteed Rate Launches 1% Down Payment Mortgage Program
June 13, 2016 No Comments »

This seems to be a theme lately – super low or no down payment mortgages. The latest of these not-so-novel loan programs comes courtesy of Chicago-based bank Guaranteed Rate. The lender, which you may have heard of thanks to its ... Read More »

There’s a New ‘Lite Doc’ Loan in the Mortgage World

There’s a New ‘Lite Doc’ Loan in the Mortgage World
June 8, 2016 No Comments »

It feels a little like 2006, but it’s entirely different, or so they say. A lender by the name of Quontic Bank based out of Astoria, New York (Queens) has been offering its so-called “Lite Doc” loan to homeowners who ... Read More »

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes

Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes
June 6, 2016 No Comments »

I had a nice little Sunday yesterday, strolling around a beach city south of Los Angeles with some friends of mine who were visiting from Portland(ia). They moved there about two years ago and bought a house without delay. I ... Read More »

3 Signs Another Housing Crisis Is Just Around the Corner

3 Signs Another Housing Crisis Is Just Around the Corner
June 2, 2016 No Comments »

Here’s yet another post in my growing series of wondering if home prices are too high. Earlier this week, Black Knight Financial Services noted that home prices increased to within 3.8% of their all-time highs set back in June 2006. ... Read More »

Looking for 100% Mortgage Financing? Check Your Local Credit Union

Looking for 100% Mortgage Financing? Check Your Local Credit Union
June 1, 2016 No Comments »

We all know home prices are getting more expensive every day, and as a result, you may be looking for 100% mortgage financing when it comes time to purchase a home. Perhaps not out of preference but more out of ... Read More »

Chase Also Launched a 3% Down Payment Mortgage

Chase Also Launched a 3% Down Payment Mortgage
May 31, 2016 No Comments »

It’s been a busy month for the launch of low-down payment mortgages… It turns out Chase also has a 3% down offering, though it wasn’t widely publicized like the Wells Fargo yourFirst Mortgage was last week. And there might be ... Read More »

The Surprising Mistake a Lot of People Make Before Refinancing

The Surprising Mistake a Lot of People Make Before Refinancing
May 26, 2016 No Comments »

A new study from credit bureau TransUnion revealed that consumers still don’t get it when it comes to smart credit habits. Conventional wisdom tells us to halt or limit spending during the lead up to a mortgage application, whether it’s ... Read More »

Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment

Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment
May 26, 2016 No Comments »

The nation’s largest mortgage lender, Wells Fargo, is now offering mortgages to home buyers with just 3% down via their new “yourFirst Mortgage.” I’m assuming the new loan program is based on Fannie and Freddie’s 97% LTV program announced back ... Read More »