Interest rates are at a twenty-year high with little signs of dropping in the coming months, but don’t let that discourage you. Even in this market, your dream of getting into a home is still on the table. Watch our video below to learn more about what opportunities are still available for motivated home buyers.
As expected, the Federal Reserve announced a quarter-point increase to the federal funds rate as part of its efforts to reduce inflation. Two years ago, at the start of the coronavirus pandemic, rates were cut to near zero. This week’s decision marks the first of several anticipated increases in the coming months. Although the federal […]
Should you opt for a 15, 20, or 30-year mortgage term? What about mortgages with a preliminary adjustable-rate term? Should you change it when refinancing? In this video, our CEO and founder, Scott Gordon, discusses how to make sure your mortgage term fits your needs. Some of the topics he covers: Lower interest rates make […]
After hovering near historic lows for much of the past year, mortgage rates have ticked up recently and that trend may continue into the new year. Fortunately, despite the importance that most mortgage shoppers give to interest rates, they are not always the most important factor to consider in a loan. If you’re in the […]
Are rising real estate prices scaring you away from house hunting? In this video, our CEO and founder, Scott Gordon, explains how rising prices may not be a bad thing and why buying could still be a great decision. Some of the topics he covers: Your borrowing power could be higher thanks to relatively low […]
We hear a lot about historically low mortgage rates these days, but are there better ways to save? In this video, our CEO and founder, Scott Gordon, discusses what to know about interest rates before you begin your search for a mortgage. Some of the topics he covers: Focusing on rate terms as opposed to […]
Shopping for a home comes with many considerations, not the least of which is finding the right mortgage. One aspect that is often unfamiliar to homebuyers is how an optional fee, referred to as buying points, can impact the immediate and long-term mortgage costs. While it may seem like another complicated decision to worry about, […]
Homebuyers are likely to know acronyms such as ARM (adjustable-rate mortgage) or PMI (private mortgage insurance) thanks to their experiences shopping for a mortgage. However, LIBOR (London Interbank Offered Rate) is a term most will not recognize. Despite its obscurity, the LIBOR and its impending disappearance as a standard mortgage benchmark rate may impact many […]