Mortgage

[ad_1] A reader recently asked, “What mortgage rate can I get with my credit score?”  So I figured I’d try to clear up a somewhat complex question. With mortgage rates no longer at all-time lows (sigh), borrowers looking to refinance a mortgage or purchase a home are facing an uphill battle. Today, it’s much more […]

[ad_1] We’ve finally got data for 2023 and United Wholesale Mortgage (UWM) left no doubt that it was the top mortgage lender during the year. And by a wide margin. The Pontiac, Michigan-based company mustered an impressive $108.5 billion in home loan volume, despite only operating in the wholesale lending channel. That was more than

[ad_1] Mortgage Q&A: “Why are refinance rates higher?” If you’ve been comparing mortgage rates lately in an effort to save some money on your home loan, you may have noticed that refinance rates are higher than purchase loan rates. This seems to be the case for a lot of big banks out there, including Chase,

[ad_1] Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice from iBuyer and home valuation company Zillow, which noted that 21% of properties are listed on that particular day of the week. What’s So Great About a Thursday Anyway?

[ad_1] Last updated on May 31st, 2021 Whether you’re an existing homeowner, or a desperately prospective one, you probably already know that the housing market is absolutely bonkers. The topics du jour are bidding wars, skyrocketing home prices, expensive lumber, and a lack of homes for sale. And it doesn’t seem to be getting any

[ad_1] Posted on May 26th, 2021 It’s that time again, where I take a look at a pair of popular home loan programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution because everyone is different and may have varying

[ad_1] Posted on May 25th, 2021 It’s been a while since my last mortgage match-up, so let’s give it a whirl again: “Mortgage vs. cash.” Today, the focus will be on taking out a mortgage versus simply using cash when purchasing a home and skipping the lender piece altogether. Of course, it’s not that simple

[ad_1] Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you essentially trade in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. You may elect to receive this new mortgage from the same bank (or loan servicer)