Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more factor they consider, though, is the Read more
How to Shop for a Mortgage
When you decide it’s time to buy a home, you have one major step to take before you find your dream home. You have to find a mortgage. Unless, of course, you have enough cash to pay for the home, but if you are like most people, you need a mortgage. Knowing how to shop for that mortgage is Read more
Can you Negotiate Mortgage Rates?
As you shop for a mortgage, you are probably receiving rate quotes from different lenders. You may think that the rate they give you is what you get. Did you know, though, that you could negotiate that rate? Lenders have some wiggle room in the rates they offer you. If you have it in you, it’s Read more
Why do Mortgage Interest Rates Change so Often?
Mortgage interest rates can change daily, and even multiple times per day. Do you ever wonder why this is the case? Maybe you wonder how you should know when to lock a rate?Get Matched with a Lender, Click Here.Keep reading to learn about changing interest rates and how they Read more
How do Rising Interest Rates Affect House Prices?
Interest rates have a decent effect on housing prices. The rates themselves are influenced by many things including the market, how people are saving money, and the moves the Federal Reserve takes. Because most people borrow money to buy houses, the housing prices are related to the current Read more
