This Article Is About How To Raise Credit Scores To Qualify For Mortgage How To Raise Credit Scores To Qualify For Mortgage? I get many inquiries everyday by home buyers who have decided to become homeowners and who were turned down by other lenders because they did not meet the minimum credit scores The question…
This blog will discuss how lenders price mortgage rates by credit score. We will compare mortgage rates for Maine homebuyers with bad credit and the difference between higher credit score borrowers with lower rates. Lenders base risk levels on the credit score of borrowers. We will compare the various loan programs’ best mortgage rate options…
The article covers 30 Year Fixed Mortgage Rate At Historic Lows On Home Mortgages 30-year fixed-rate mortgage rates have dropped to a 20 month low. According to Freddie Mac, 30-year fixed-rate mortgage rates have not been this low in 20 months. Mortgage rates have been consistently sliding on a downward trend this year with a…
This article is about Home Equity Line Of Credit In California Versus Cash-Out Refinance Home Equity Line Of Credit In California: California is the largest state in the nation California also has one of the highest home values in the United States Average home prices in the state of California is $595,700 when the national…
This guide on HARP for underwater mortgages is an older blog from when the Home Affordable Refinance Program was popular. HARP for underwater mortgages no longer exists. This guide on HARP for underwater mortgages was updated and edited for archival services for viewers who want to research HARP for underwater mortgages. In the following sections,…
Homebuyers and homeowners can get lower rates by buying down mortgage interest rates with discount points. Discount points are origination fees charged by lenders in lieu of getting lower mortgage rates. However, borrowers should buy discount points to buy down rates if they intend on not refinancing their home loan for at least five or…
In this blog, we will cover and discuss understanding how lenders price mortgage rates for borrowers with bad credit and low credit scores. Mortgage rates are the determinant that determines your monthly mortgage payment over the term of your mortgage loan. The higher the mortgage rates are, the higher the mortgage payment will be and…
In this blog, we will cover and discuss what is an adjustable-rate mortgage and how it works. We will go into detail on how adjustable-rate mortgage home loans work, the advantages, and the difference between a fixed-rate mortgage. An adjustable-rate mortgage has a fixed rate for a period of a certain amount of years and…
In this guide, we will explain and cover what loan level pricing adjustments (LLPAs) by mortgage lenders are and how it works. LLPAs are pricing hits to par rates charged by lenders due to the risk levels of the borrower. The higher the risk, the higher the mortgage rates the lender will charge. Not all…