Mortgage Update for October 26, 2012
This morning saw two relatively positive reports come out. The markets had little reaction to this data, as they continued to…
Fixed Rate or Adjustable Rate Mortgage – Which is Best?
It is essential that you understand whether a fixed rate or adjustable rate mortgage is best for you. In fact…
Debt to Income Ratio Basics: The Importance of Your DTI
Fundamentally, your debt to income ratio (DTI) is the percentage of your income that is used to pay your debts,…
Why Pay Points on a Mortgage: Are Points a Benefit or Not?
Why pay points on a mortgage, and how do they benefit you? Points are a typically American arrangement, and refer…
Refinance Basics: Should You Refinance Your Home?
Should you refinance your home? Since we can only speak in regards to refinancing on a general basis, before you…
Private Mortgage Insurance Basics: The Fundamentals of PMI
Private mortgage insurance (PMI) is a form of protection for mortgage lenders in the event of borrowers defaulting on their…
Mortgage Lock Basics: Should You Lock-In Your Mortgage Rate?
A mortgage lock can work for you or against you depending upon the terms of the mortgage rate lock in…
Buy Vs Rent Basics: Should You Buy or Rent A Home
The question of whether to rent or buy is no longer a clear cut economic one. Many people who can…
What is the FED or FOMC (Federal Open Market Committee)
The Federal Open Market Committee, also known as the FOMC or FED, is a body whose function is to oversee…
Mortgage Wrap Up for the Week Ending September 7, 2012
Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage…