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How Does My Credit Score Affect My Mortgage Rate?

How Does My Credit Score Affect My Mortgage Rate?

How much you will pay for a mortgage loan and even whether you can qualify for a mortgage will have a lot to do with your credit score. Higher credit scores will help you get the best terms possible while lower scores could keep you from your dream of hom

Mar 06, 2019 | Interest Rates Purchasing a Home

What Are Mortgage Points?

What Are Mortgage Points?

If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these points and how do they affect your interest rate? Points Defined Mortgage points, or discount p

Feb 06, 2019 | Interest Rates Conventional Loans Fixed Rate Mortgages

Why Do Mortgage Rates Go Up and Down?

Why Do Mortgage Rates Go Up and Down?

Mortgage interest rates fluctuate from week to week and they can make huge swings from decade to decade. In the early 1980s, for example, mortgage rates were as high as 18% while roughly 30 years later they are less than a third of that rate. What causes

Jan 30, 2019 | Interest Rates

3 Things You Need to Know About ARM Loans

3 Things You Need to Know About ARM Loans

Adjustable rate mortgage (ARM) loans always grow in popularity when interest rates are on the rise. Some borrowers think ARMs are the best way to save money on their mortgage in a higher rate climate. ARM loans can also be helpful for those who do not pla

Jan 23, 2019 | Adjustable Rate Mortgages Interest Rates

Interest Rate vs. APR

Interest Rate vs. APR

Interest rate and annual percentage rate (APR)-those are the same thing, right? Unfortunately, too many mortgage buyers don’t realize the answer is no. The interest rate on your mortgage loan is different from the APR and understanding both is impor

Jan 09, 2019 | Interest Rates

How to Get a Low Interest Rate on a HELOC

How to Get a Low Interest Rate on a HELOC

The amount of available home equity has recently hit all-time highs, meaning now is a great time to tap into your home’s value with a home equity line of credit (HELOC). These are revolving accounts that allow you to draw out money for anything from

Oct 17, 2018 | Interest Rates Home Equity

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