When it comes to getting a home loan, it’s important to understand what your APR or annual percentage rate is and how it can affect your mortgage. This will impact the type of loan you choose and how much you’re going to spend throughout the life of the loan. That is why the cost of […]
Is Your Personal Information Safe When You Apply For A Mortgage?
People are often overwhelmed by the amount of paperwork involved when applying for a home mortgage. Even more disconcerting is the fact that you have to provide that lender with your bank account, Social Security number, tax documents, and other highly sensitive personal information. Obviously, this isn’t the kind of information that you want just […]
Rates Hit a New Low! Is Now the Best Time to Get a Mortgage?
30-year fixed rates fell to historic lows last week. But will that continue in this crazy marketplace? Last week, Freddie Mac announced their historic rate drop which brought 30-year fixed rates to an all-time low of 2.98%. This is the lowest ever recorded in their history. But we have seen consumer mortgage rates do some […]
What to expect after your offer is accepted
Did your offer get accepted? If so, congratulations!!! One of the first major items in the escrow process is the home inspection. Hopefully you took some time for yourself to have a quick celebration but with the escrow clock ticking you will need to get right down to business so that the closing is smooth […]