Thursday, July 29
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Credit Card News

Mortgage Rates vs. Fed Announcements

Credit Card Guide, Credit Card News, Mortgage Rates, Refinance
File this one under “no correlation,” despite a flood of news articles claiming the Fed’s rate cut directly impacts mortgage rates. Today, the Fed cut the federal funds rate by half a percentage point to a range of 1-1.25% due to the uncertainty surrounding the coronavirus, this despite a strong U.S. economy. That sent mortgage [&hellip The post Mortgage Rates vs. Fed Announcements first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

An Alternative to Paying Mortgage Points

Credit Card News, Estate Planning, Mortgage Rates, Mortgage Tips, Refinance
If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2%

Credit Card Guide, Credit Card News, Mortgage News, Mortgage Rates
The leading wholesale mortgage lender in the nation has brought the heat once again, this time offering 30-year fixed mortgage rates below 2% on FHA loans. United Wholesale Mortgage announced that borrowers can now lock in interest rates as low as 1.99% on FHA-backed loans via its popular Conquest program. The new Conquest for FHA [&hellip The post United Wholesale Mortgage Now Offering FHA Loans with Rates Below 2% first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

USA Mortgage Review: #1 Mortgage Lender in Missouri?

Credit Card Guide, Credit Card News, Mortgage Tips
If you live in the USA and need a mortgage, perhaps you’ve thought about applying at “USA Mortgage.” Makes sense, right? It just so happens that USA Mortgage is located right smack in the middle of our fine country, in St. Louis, Missouri to be exact. Well, that’s pretty darn close to the midpoint… Anyway, [&hellip The post USA Mortgage Review: #1 Mortgage Lender in Missouri? first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

It’s Taking a Really Long Time to Get a Mortgage Right Now

Credit Card News, Mortgage News, Mortgage Rates
Similar to the increased waiting times to get a COVID-19 test these days, it’s taking an extended amount of time to get a mortgage to the finish line. The reason is simply unprecedented demand, just like those COVID-19 tests. The more people that need one, the longer the wait, period. This is the downside to [&hellip The post It’s Taking a Really Long Time to Get a Mortgage Right Now first appeared on The Truth About Mortgage.Source: thetruthaboutmortgage.com

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