If you are looking to port your mortgage, you may be wondering if you will need to provide a down payment. The answer to this question depends on several factors, including the terms of your current mortgage and the terms of the new mortgage you are looking to obtain. In many cases, you will not … Read more
The Federal Reserve increased the benchmark federal funds rate by a quarter point (.25%) yesterday. As a result, some may have expected consumer mortgage rates to also rise by 25%. The Fed’s action would cause the 30-year fixed rate, which is currently priced at 6.75%, to increase to 7.00%. However, the opposite happened. The 30-year … Read more
Many people take out a mortgage for a specific period of time, such as 5, 10, or 20 years. Lillie decided to take out a mortgage for 30 years. This will allow her to pay off her mortgage quickly and save a lot of money in the long run. Lillie took out a mortgage for … Read more
Purchasing a home can be an overwhelming process. One crucial aspect of the home buying journey is finding the right mortgage loan with a suitable interest rate. Understanding mortgage rates and their influencing factors is vital to ensuring that you get the best deal for your situation. In this blog post, we’ll explore the key … Read more