Monthly payment includes principle and interest only. Taxes, insurance and/or other monthly expenses are not included. Contact your Mortgage Loan Originator with any questions.
Things are moving so quickly in the market with the coronavirus being at the forefront, everyone is feeling hardship across the board. FHA Loans provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. It is one of the largest insurers of [...]
Mortgage Headliners: Economist predicting emergency rate cut this week… Negative Interest Rates Unlikely… Coronavirus economic package in full… Trump is considers letting homeowners delay mortgage payments… We’re watching the market closely… If you’re in the market [...]
Mortgage Headliners: A flood of mortgage applications drive rates higher… How the coronavirus outbreak is moving mortgage… Mortgage rates rise sharply from last week’s record low… Mortgage rates are mixed after hitting all-time lows… Mortgage demand is so high that lenders turn [...]
Mortgage Headliners: Mortgage applications increase over 55%… Refinance applications surge to decade high… Plunging mortgage rates might not end U.S. Housing… Mortgage rates rising at fastest place… The US should suspend mortgage and rent payments… The banks are back in [...]
Your debt to income ratio or DTI, is a figure that allows a lender to analyze your monthly spending habits. They use your DTI to determine how you manage your money. You want your debt to income to be as low as possible to ensure that your chances of being offered a lower rate is better. How much [...]
Buying a house is not something you should do without some good financial knowledge and advice. Your first mortgage should be thoroughly thought out and well planned. Now that you’re thinking of purchasing a home, use the next 12-18 months or so to prepare yourself. Prepare Your Credit Early [...]
What is a Loan? An amount that you borrow and agree to repay under specific terms. Usually a formal agreement, loans involve two parties: the borrower and the lender. The contract specifies the terms and conditions of the loan, and once you sign, you are legally obligated to adhere to it. Before [...]
Buying a home can be a challenging experience for first-timers. Here are some mortgage tips to help get you started. Start saving for a down payment early It’s quite common to put 20% down, but many lenders will now permit a much lesser percentage, and first-time buyers programs allow as [...]
We all know things happen that are out of our control. An unexpected medical bill or a car emergency. These types of situations can throw off your whole budget and cause you to worry about missing a mortgage payment or several payments. Do you know what to do? Contact Your Mortgage Servicer Always [...]
Purchasing a home is a major milestone that on many people’s to-do-lists. You can take control of your home-buying process by understanding what it takes to purchase a home and what you should be asking. Buying a home can be exciting but, it also can lead to some regret home-buying mistakes [...]