Before you can close on a mortgage, you have to lock in the interest rate. No matter how hesitant you are, at some point you have to be willing to lock it or you can’t close on the loan. Just what is that rate lock going to cost you?Looking for Current Mortgage Interest Rates? Click Read more
Buying Discount Points to Lower Your Interest Rate
It is an age-old question: should you pay points in order to secure a lower interest rate? While every situation differs, there are certain factors to consider before you determine the right answer for you. How much money you have to put down on the home as well as pay for closing costs is one of Read more
Mortgage Interest Rate vs. APR: What’s the Difference?
Shopping for a mortgage involves making many decisions. How long do you want to have the mortgage? What type of interest rate do you want – fixed or adjustable? What monthly payment is most affordable? These are just a few of the questions people go through to figure out which mortgage is right for Read more
Fixed Rate or Variable Rate: Which is Better?
One of the most important decisions you’ll make when you take out a mortgage is the interest rate. Not only do you have to worry about the number, but also what type of rate you choose. You can choose between a fixed rate and a variable rate. Keep reading to learn how to tell which might be right Read more
Is There a Right Time to Lock Your Mortgage Rate?
Borrowers everywhere want to know – when should they lock in a mortgage rate? Is there a perfect day or time of day to do it?Looking for Current Mortgage Interest Rates? Click Here.We’d love to tell you that we can predict the future and tell you exactly when to lock your rate, that’s just Read more
