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‘Mortgage Matters’ Category

Mortgage Refinancing: What To Know Before Diving In

refinancing

Around 65% of homeowners have a mortgage, although not all are created equal. Mortgage rates vary depending on the option you chose initially: fixed rates start off with a higher interest rate but stay the same for the entire length of your loan, while adjustable rates begin low for the first few years and then can vary remarkably.

 

Although the latter can seem...

The Relationship Between Your Mortgage and Your Credit Score

mortgage options

As many of us have found out, it is essentially impossible to buy your first home up-front. This massive amount of capital is generally paid over the long-term, in the form of a mortgage. When a mortgage company calculates a potential monthly payment, it turns out not everyone is on equal footing — those with higher credit scores will typically find offers with better rates than those...

Calculating Your Mortgage Payments: Why These 4 Factors Matter

Buying a home is the biggest investment you will most likely ever make. Since most people are unable to pay hundreds of thousands of dollars upfront, you’ll need to take out a mortgage to cover what you can’t pay; to give you an example of what that might look like, the average new mortgage balance was $244,000 in 2017. Though there are a number of mortgage rates and...

Financing Your Home: Should You Rely On A Mortgage Broker Or A Bank?

Buying a home is an extremely exciting — but sometimes overwhelming — experience. In addition to determining whether or not you can even afford a house in the first place, there are a lot of other things to consider: how high is your credit score (the median mortgage borrower had a credit score of 754 in 2017), how much can you spare for a downpayment, and should you...

Don’t Believe These Mortgage Misconceptions

mortgage lenders

When you buy your first home, there are a lot of financial decisions to make. For instance, you’ll need to determine how much you can actually afford to spend on a home and whether you’ll need financial assistance. Since this is likely one of the most substantial purchases you’ll ever make, you’ll need to devote a lot of time and energy into figuring out how...

Qualifying for a Mortgage if You’re Self-Employed

Mortgage Minute with Andy Tuttle, American Dream TV

Securing a mortgage while self-employed may prove a bit more challenging, however you can still qualify for the same loan programs as traditional borrowers. The key for a self-employed borrower successfully obtaining a mortgage is income verification.

The mortgage application process is the same regardless of whether you...

How to buy a home with less than 20% down

Mortgage Minute with Andy Tuttle, American Dream TV

Many believe you have to have a 20% down payment when buying a home. NOT TRUE. There are ways to cover the gap and The Tuttle Group can help you.

It’s a common misconception that many first time homebuyers and millenials believe you must put 20% down or you will receive some grossly inappropriate terms on your mortgage loan, or...

Weekly Market Update: The Cost Of Waiting

As you know the Fed hiked the rate which forces prices are down, and rates are up. We are still in a “floating mindset”- with the DOW down and home appreciation up. Everyone knew that the rate was going to go up, so interest rates were only affected slightly. If there were a “surprise rate” increase, then there would have been a shock to the market which sometimes leads to increased...

The Mortgage Minute with Andy Tuttle- March 9, 0217

Be sure to watch our weekly Facebook Videos

Collin County Association of Realtors had a family feud game supporting the Texas Association of REALTORS® Political Action Committee (TREPAC) The team I played with won the gold!

This week the market update was sideways. Prices have dropped, the higher the rates, the lower the housing prices go. If you are in the market, now is the...

The Mortgage Minute with Andy Tuttle- March 2, 2018

Be sure to watch our weekly Facebook Videos

The DFW area is one of the top 5 cities to live in for appreciation in the US with a 6.7% appreciation. Now is the time for “move up” buyers to look for their new home.

Listing your home in the spring. Be fully pre-approved before you find the home you want. You may miss out on the home you really want if you are not pre-approved....

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Stay up to date on what you need to know about market changes and how that impacts a home mortgage.