30 Day Rate Movement 30 Yr. Fixed National Average
The Federal Housing Administration (FHA) insures mortgages for potential homeowners who can’t afford a standard down payment. FHA loans are popular with first-time homebuyers and people with solid incomes but little savings.
• What are my closing costs for my mortgage? Here’s a list of the possible closing costs; Closing Costs are broken down into sections on the Good Faith Estimate. The Good Faith Estimate is a form that describes all the closing costs associated with closing your loan. It’s a good idea to compare and inquire to multiple mortgage companies to find the best deal.
• What is an Escrow Waiver? What is an escrow waiver and what does it mean to me? A mortgage escrow waiver is available on most mortgage options. Depending upon what type of mortgage product you receive may depend upon if you have to set up escrows or not.
• Mortgage Application Checklist Typically here are the items needed to get your mortgage started. This check list is very handy to follow to help with a speedy refi or a home purchase. Some lenders may vary in the items that they ask for depending upon your financial situation and type of loan applying for, but here are the basics.
• Rent or Buy One of the questions that would often be asked, whenever people found out I was in the mortgage business was, should I rent or buy a house?
• Residential Mortgage Loan Application The Residential Mortgage Loan Application is a 3 page application consisting of ten subject items to be filled in.
• Looking for the Best Mortgage. Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage—whether it's a home purchase, a refinancing, or a home equity loan—is a product, just like a car, so the price and terms may be negotiable. You'll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.
• FHA ABCs The Federal Housing Administration (FHA) insures loans made to borrowers who can’t afford the usual down payment. FHA loans are popular with first-time homebuyers and people who have good incomes but minimal savings.
• Buying Your First Home? Keep these tips in mind, and you're more likely to get through the process of buying your first home with a sense of joy and accomplishment!
• Afraid of not getting a mortgage? If you're hoping to buy a home, but you've got a nagging fear that your application for a mortgage won’t be approved, why not take steps now to improve your changes?
• Mortgage Loan Consultant / Mortgage Loan Officer Finding a Mortgage Loan Consultant is an interview process much like interviewing a possible contractor to build your dream home. Take some time to get to know the person and company that you are selecting. Here’s what to look for in your new mortgage loan consultant:
• Buying a Home Buying a home is a very daunting task. If this is your first time with a new home purchase or your 5th home purchase it’s all the same. The process of buying a home remains the same, but sometimes it just seems like it doesn’t get any easier.
• Mortgage Process and the Loan Officer The mortgage process can be ugly if you are not well prepared. My first suggestion before you begin the mortgage process is do plenty of homework. Throughout the mortgage process you can get caught up in all the tedious paperwork, time to make the deal happen, and aggravation with someone along the way. Relax... the mortgage process can be very simple when laid out in steps.
Mortgage Calculators
• Rent vs. Buy. Are you better off buying your home, or should you continue to rent?
• Should you pay off your mortgage early? Many savvy homeowners know that making one extra mortgage payment per year, or paying an amount above that due each month, can save thousands of dollars in interest rates over the life of a mortgage. But is it always a good idea to pay off your mortgage early?
• Mortgage Loan Calculator Use this calculator to determine your monthly payment and amortization schedule.
• Mortgage Qualifier Can you buy your dream home? Find out just how much you can afford!.
• Amortizing Loan Calculator Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment!
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