If you are presently in the market for an Ohio home, you may be aware that interest rates have risen in the last several weeks and are not likely to be decreasing again anytime soon. Moreover, the rate trends suggest interest rates will continue to rise as more positive economic data is released and the […]
Mortgage rates have been on the rise over the last several weeks, prompting many to take a pause from moving forward with the home buying process amid worry that rising rates will make homeownership unaffordable for them. The truth is that rates are still at an extremely competitive level and would likely be around 7% […]
If you’ve been considering an adjustable rate mortgage (ARM) for your Atlanta home loan, but are concerned about how to measure the cost, savings, and monthly payments over time, you’re not alone. Because adjustable rate mortgages begin to adjust to current market rates after a fixed introductory period, it can be tricky to make a […]
Despite recent increases, interest rates still remain at historically low levels. However, purchasers that have become accustom to seeing mortgage rates in the 3% range are turning to less traditional methods of financing to purchase their home. One of the more uncommon methods of obtaining a mortgage is utilizing what is referred to as an […]
A fixed rate mortgage is pretty straightforward: You borrow a specified amount and agree to pay it off over a specified amount of time at a specified interest rate. Ajustable rate mortgages, or ARMs, are complicated, not just because those amounts and rates fluctuate, but because they come in a variety of forms. For quite […]
Whether you’re a first time home buyer or shopping around for your tenth home, applying for a mortgage can be daunting. Because so many of your finances come under scrutiny, it can seem like the slightest slip or figure can halt the process. Those fears can be exaggerated, but it’s important to do as much […]
You may have gotten a brochure in the mail or read on the internet about a mortgage offering referred to as a bi-weekly mortgage. This type of mortgage will take your existing monthly mortgage payment and split it into two bi-weekly payments rather than a once monthly payment. So what is the purpose of this […]
