Mortgage Impounds vs. Paying Taxes and Insurance Yourself
March 20, 2021
If youâve been researching mortgages, or are in the process of taking out a home loan, youâve probably come across the term âimpoundsâ or âescrows.â When you hear these seemingly scary words, the loan officer or mortgage broker is referring to an impound account, also known as an escrow account. You may even be told [&hellip
The post Mortgage Impounds vs. Paying Taxes and Insurance Yourself first appeared on The Truth About Mortgage.
Donât Let Your Current Lender Talk You Out of a Mortgage Refinance
March 20, 2021
What Iâve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example, when a homeowner goes to inquire about the âawesome low rates,â their first instinct may be to pick up the phone and call the lender who gave them their current [&hellip
The post Donât Let Your Current Lender Talk You Out of a Mortgage Refinance first appeared on The Truth About Mortgage.
10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!)
March 20, 2021
Everyone likes a discount, right, even if itâs on a small one-time purchase that equates to a nominal amount. For one reason or another, it just feels like a win. Itâs obviously even sweeter if you get a discount on a big-ticket item, as the savings will be much larger. Better yet, how about a [&hellip
The post 10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!) first appeared on The Truth About Mortgage.
Why You May Want to Switch Mortgage Companies
March 20, 2021
Loyalty? Not in the mortgage business. That is, if you actually want to save money on your home loan. A few years back, an HSBC survey revealed that 52% of U.S. homeowners âswitched providersâ (sorry, theyâre British) when obtaining subsequent mortgages. This was mainly driven (53%) by the desire to get a better deal, aka [&hellip
The post Why You May Want to Switch Mortgage Companies first appeared on The Truth About Mortgage.
15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One?
March 20, 2021
While 30-year fixed mortgage rates tend to steal all the headlines, 15-year fixed mortgage rates quietly reached record lows this week as well, per Freddie Macâs weekly survey. This morning, Freddie announced that the 30-year fixed fell to a new record low 2.65%, down from 2.67% last week. That was the first record low of [&hellip
The post 15-Year Fixed Mortgage Rates Just Hit Record Lows: Should You Consider One? first appeared on The Truth About Mortgage.
Mortgage Rates Climb But Linger Near Historic Lows
March 20, 2021
Mortgage rates have increased from historic lows, but not by much, as the coronavirus vaccine continues its rollout and the economy struggles to rebound from th
Moving to the Country? This Overlooked Loan Makes It So Easy
March 19, 2021
House hunting in rural areas is becoming more common. If you’re planning a move to the country, a USDA home loan may be a great option for you.
The post Moving to the Country? This Overlooked Loan Makes It So Easy appeared first on Real Estate News & Insights | realtor.com®.
What Is Net Worth and Why Should You Know Yours?
March 19, 2021
The phrase ânet worthâ gets bandied around in conversations about billionaires. For instance, Jeff Bezosâs net worth in 2021 was estimated by Forbes to be $180.5 billion, Elon Muskâs $168.3 billion, Bill Gatesâ $126.3 billion, while Jay-Zâs was $1.4 billion. But itâs important for people who arenât billionaires to know their net worth as well. […]
The post What Is Net Worth and Why Should You Know Yours? appeared first on SoFi.
