Tuesday, January 19
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Credit Card News

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

Credit Card Guide, Credit Card News, Mortgage Tips
It’s that time again, where I take a look at a pair of popular mortgage programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution because everyone is different and may have varying real estate and financial goals. For example, [&hellip The post 15-Year Fixed vs. 30-Year Fixed: The Pros and Cons first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

What Is a Streamline Refinance?

Credit Card News, Estate Planning, Mortgage Tips, Refinance
Mortgage Q&A: “What is a streamline refinance?” While qualifying for a mortgage refinance is generally a lot harder than it has been in the past (now that lenders actually care how your home loan performs), there are less cumbersome options available. In fact, many lenders offer “streamlined” alternatives to existing homeowners to lower costs and [&hellip The post What Is a Streamline Refinance? first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

10 Ways to Save Money on Your Next Mortgage

Credit Card Guide, Credit Card News, Mortgage Rates, Mortgage Tips
You’ve heard the news – mortgage rates hit yet another record low this week, the 12th of 2020, and don’t appear to be going up anytime soon. While that’s up for debate, the trend is clearly your friend when it comes to securing a low interest rate on your home loan. But that doesn’t mean [&hellip The post 10 Ways to Save Money on Your Next Mortgage first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

How to Get a Wholesale Mortgage Rate

Credit Card Guide, Credit Card News, Mortgage Rates, Mortgage Tips
Mortgage Q&A: “How to get a wholesale mortgage rate?” Wholesale mortgage rates tend to be considerably cheaper than their retail counterparts, though it’s never a guarantee with so many lenders out there these days. To get your hands on one, you need to shop for your home loan with a mortgage broker, who has access [&hellip The post How to Get a Wholesale Mortgage Rate first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

Don’t Freak Out About the Recent Mortgage Rate ‘Spike’

Credit Card News, Mortgage News, Mortgage Rates, Refinance
Queue the panic. Mortgage rates have officially spiked and the media is all over it. Yep, the average rate on a 30-year fixed mortgage increased from 2.65% to 2.79% this week, per Freddie Mac’s weekly survey. Freddie Mac Chief Economist Sam Khater noted in the weekly news release that mortgage rates have been under pressure [&hellip The post Don’t Freak Out About the Recent Mortgage Rate ‘Spike’ first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows

Credit Card Guide, Credit Card News, Mortgage News, Mortgage Rates
Mortgage rates can be pretty volatile. Just like stocks, they can change daily depending on what’s happening in the economy. Beyond that, mortgage rates can move based on news that doesn’t involve a report on the economic calendar, such as a jobs report, GDP, housing starts, inflation, etc. Even if there isn’t a direct financial [&hellip The post Mortgage Rates vs. the Coronavirus: We Might Test New All-Time Lows first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

Credit Card News, Estate Planning, Mortgage Tips, Refinance
A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

21 Mortgage Questions You Should Know the Answer To

Credit Card Guide, Credit Card News, Mortgage Rates, Mortgage Tips
I thought it would be helpful to create a post that answers a lot of top “mortgage questions” that consumers tend to ask in one convenient place. You should know the answers to all of these questions if you’re serious about getting a mortgage and ready to buy a home. Additionally, you might be better [&hellip The post 21 Mortgage Questions You Should Know the Answer To first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

Why Are Mortgage Rates Different?

Credit Card Guide, Credit Card News, Mortgage Rates, Mortgage Tips
Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of human beings. First things first, take a look at how mortgage rates are determined to [&hellip The post Why Are Mortgage Rates Different? first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

2021 Conforming Loan Limit Rises to $548,250

Credit Card News, Mortgage News
Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com