The Mortgage Application Process: First Steps in Buying a Home
The mortgage application process is the first step required if you need a loan to purchase residential real estate. The…
FICO Credit Score Basics
FICO credit scores are use by lenders to assess how likely you are to be able to repay a loan.…
Fixed Mortgage Basics: Fundamentals of Fixed Interest Rates
A fixed mortgage is one whose interest rate remains the same over the full term of the mortgage loan. This…
FOMC Minutes Released
This week saw the release of the FOMC (Federal Open Market Committee) minutes for the FOMC meeting that ended on…
Mortgage Credit Report Basics: Credit Scores and Mortgages
Every person applying for a mortgage will be subject to having their credit report pulled. Credit scores and mortgages go…
Mortgage Prepayment Penalty Basics: Early Settlement Costs
Fundamentally, a mortgage prepayment penalty is applied by lenders to recover some of the profit they would have made were…
End of Week Mortgage Wrap Up: August 17, 2012
Mortgage rates got some relief today, improving slightly after spending most of the week rising, mirroring activity we saw last…
Adjustable Rate vs Fixed Rate Mortgage Basics
Adjustable Rate Mortgage Basics: ARM or Fixed Rate? With an adjustable rate mortgage (ARM) you pay a fixed rate of…
Mortgage Outlook for the Week Beginning August 13, 2012
The past two to three weeks have seen mortgage rates rise, with a slight stall and recovery where mortgage rates…
Mortgage Rate Update for the Week ending August 10, 2012
Mortgage Rates Recover After Gains of Past Weeks After an upward move over the past two to three weeks, mortgage…