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‘Mortgage Matters’ Category

Mortgage Rates and Predictions

mortgage rates

Mortgage rates constantly fluctuate. There are always predictions floating around about where the mortgage rates are headed. Right now at this point, mortgage rates are great but where will they be a year from now?

What are indicators that the rate is getting ready to change? How are the predictions made? Experienced mortgage lenders know what to look for and provide the...

How To Save For That Mortgage Downpayment

downpayment

Buying a home is an exciting experience. As the biggest purchase you’ll most likely ever make, you’ll be officially stepping into adulthood with a place and a property of your own. Unfortunately, a lot of work — and saving — goes into buying a house; you’ve got to compare types of loans and mortgage rates, decide what type of home loans you’re...

Mortgage Tips For First-Time Home Buyers

mortgage broker

Buying a home is a big deal. Not only is it an obvious monetary commitment, but it is also a big milestone in life. Owning a home can help plant roots in a community and give you the opportunity to develop friendships with neighbors in a way that apartments simply can’t.

As a first time homebuyer, there are probably a ton of questions running through your mind. We have...

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

potential monthly payment

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?

independent mortgage broker

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...

Stay In The Know

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