It used to be that a 720 FICO score was all you needed to ensure you qualified for the lowest rate on a mortgage. At… Read More »Why You May Want a 780+ FICO Score When Applying for a Mortgage
Today we’ll discuss the key differences between a mortgage co-borrower and a mortgage co-signer. While the two phrases sound pretty similar, and are sometimes used… Read More »Mortgage Co-Borrower vs. Co-Signer
A recent podcast from First American economists discussed the current state of the housing market. The subject was the rebalancing of the housing market, which… Read More »A 1% Decrease in Mortgage Rates Is Worth an 11% Drop in Home Prices
Now that the housing market is turning in favor of home buyers, the phrase “seller concessions” might become a lot more common. Over the past… Read More »What Are Seller Concessions?
A new survey from U.S. News & World Report found that nearly half of homeowners with adjustable-rate mortgages regret the decision. This is based on… Read More »Nearly Half of Homeowners Regret Their Adjustable-Rate Mortgage
Despite long being the #1 mortgage lender in the country, Wells Fargo has announced plans to shrink its mortgage business. The San Francisco-based bank said… Read More »Wells Fargo to Exit Correspondent, Shrink Mortgage Business, Focus on Bank Clients and Minority Borrowers
There’s been a recent phenomenon where mortgage lenders are requiring borrowers to pay upfront points when obtaining a home loan. This runs counter to the… Read More »Why Mortgage Lenders Are Requiring Upfront Points
Another year has nearly passed, which means it’s time for the 2023 mortgage rate predictions. I think we can all agree that the 2022 predictions… Read More »2023 Mortgage Rate Predictions: All Eyes on Inflation
It’s time to find out who the top mortgage lenders in Kentucky are, based on total loan volume. Nearly 700 banks, direct lenders, and credit… Read More »Top Mortgage Lenders in Kentucky
In a rather surprising move, United Wholesale Mortgage president and CEO Mat Ishbia is set to acquire the Phoenix Suns and Phoenix Mercury. The deal… Read More »Mortgage Broker Magnate Ishbia to Buy the Phoenix Suns and Mercury
