Tag Archives: interest rate

What is Mortgage Forbearance and is it a Good Idea?

Part of Money Matters

Have you ever gotten a bill and immediately wondered how you’ll come up with the money to pay for it? It’s a common situation, especially when you experience financial hardship or an unfortunate job loss. It’s a good rule of…

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The Morty Report: What the rate hike means for mortgages

Some mortgage rates crept above 6% this week, as the market reacted to higher-than-expected inflation data and sought to price in anticipated rate hikes coming out of this week’s Federal Reserve meeting.

Home Equity Loan: Everything You Need to Know

Part of Homebuying 101

When you’re first getting a mortgage, you might not think ahead to getting a home equity loan, though some homebuyer’s guides may cover them. However, as your life evolves, you may find you need to borrow from the equity you…

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Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

How to Get a Mortgage Pre-Approval

Part of Homebuying 101

House hunting may be one of the most enjoyable parts of buying a home. However, you might find that you have even more fun when you go the extra mile and get pre-approved for a mortgage first.  Getting a pre-approval…

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Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

How Much of Your Income Should You Spend on Your Mortgage?

Part of Homebuying 101

What percentage of income should go to mortgage payments?  It’s a good question, particularly when you’re ready to buy a home for the first time. Just like other important financial decisions, you want your monthly mortgage payment to fit seamlessly…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

What is an FHA Loan? Everything You Need to Know

Part of Homebuying 101

As you read through our homebuyer’s guide, you may wonder which home loans could work best for you.  A conventional loan, the most common type of non-government backed loan, requires you to have a minimum credit score of 620. Your…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

What Is a Rate Lock?

Part of Money Matters

Mortgage interest rates fluctuate daily, sometimes even from hour to hour. Market factors can send rates up one day and then back down the next. There’s no sure-fire way to know when rates will change – though there are plenty…

Next Up!
The Morty Report: What the rate hike means for mortgages

Some mortgage rates crept above 6% this week, as the market reacted to higher-than-expected inflation data and sought to price in anticipated rate hikes coming out of this week’s Federal Reserve meeting.