Why You Probably Don’t Want to Lock Your HELOC
If you’ve got a home equity line of credit (HELOC), payment relief may finally be here. The Fed is expected to “pivot” today, meaning they’ll… Read More »Why You Probably Don’t Want to Lock Your HELOC
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
Rate and Term Refinances Are Up a Whopping 300% from a Year Ago
What a difference a year makes. While the mortgage industry has been purchase loan-heavy for several years now, it could finally be starting to shift.… Read More »Rate and Term Refinances Are Up a Whopping 300% from a Year Ago
I Pay My Mortgage Around the 15th of Every Month
Lately, savings accounts have been paying a pretty solid return. Companies like Capital One and Discover have been offering over 4% APY. It’s not necessarily… Read More »I Pay My Mortgage Around the 15th of Every Month
The Hidden Problem with FHA Loans
If you’re thinking about purchasing a property, you’ve likely sifted through available home loan options to determine what’s best. There are lots of loan types… Read More »The Hidden Problem with FHA Loans
Researchers Says Don’t Wait on the Fed Rate Cut to Refinance Your Mortgage
A new paper from Yale professor Kelly Shue argues that consumers mistakenly wait to take out mortgages and other long-term loans when the Fed is… Read More »Researchers Says Don’t Wait on the Fed Rate Cut to Refinance Your Mortgage
I am Debt-Averse, But Don’t Mind Having a Mortgage
I went for a walk today and starting thinking about mortgage debt. I know, pretty lame. But that’s what apparently goes through my head when… Read More »I am Debt-Averse, But Don’t Mind Having a Mortgage
Rocket Mortgage Unveils New 2-1 Rate Buydown for Lower Income Home Buyers
In an effort to boost affordability for those most in need, Rocket Mortgage has launched a new program called “Welcome Home RateBreak.” Similar to their… Read More »Rocket Mortgage Unveils New 2-1 Rate Buydown for Lower Income Home Buyers
Can Real Estate Commissions Be Financed via the Mortgage?
You’ve probably heard about the big NAR settlement that could completely change how real estate works going forward. But if you haven’t, or are unsure… Read More »Can Real Estate Commissions Be Financed via the Mortgage?
Is It Better to Buy a Home When Mortgage Rates Are High?
Over the years, there’s been a popular argument that it’s better to buy a home when mortgage rates are high. The logic is that home… Read More »Is It Better to Buy a Home When Mortgage Rates Are High?
Will Home Prices Go Up When Interest Rates Go Down?
Well, here we are. It took longer than expected, but mortgage rates have finally strung together a decent rally after nearly three years of increases.… Read More »Will Home Prices Go Up When Interest Rates Go Down?