Anyone who is paying attention to the United States financial market has surely noticed that a new low in mortgage rates has just recently been reached. It has been a full 16 months since rates this low have been reached on the average 30-year fixed-rate mortgage market. This is largely the result of concerns about the global economy sending … [Read more...]
Archives for October 2014
The Dos and Don’ts of Mortgage Credit
It’s no secret that mortgage lending is perceived as tight among borrowers. So if you’re looking to purchase a home, you’ll want to avoid any misconceptions that can impact your ability to qualify for a mortgage. There are plenty of credit myths floating around. According to a recent TransUnion survey, 48% of respondents believed that their rental … [Read more...]
Why Mortgage Preapproval Is A Must
Before you start looking for a new home or attending open houses, it is important to go through the preapproval process. When it comes to buying a home, shopping around without a preapproval letter is the same as going to the mall without bringing your purse or wallet, useless. Buying a new home is exciting, and many buyers often become eager and … [Read more...]