Remove Banks Remove Fixed-rate mortgage Remove Mortgages Remove Pre-qualification
article thumbnail

Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102
article thumbnail

Top Mortgage Myths—Busted

Realtor.com

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A And make sure you’re aware of the biggest misconceptions about home mortgages.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Ways to Choose a Mortgage Lender

Realty Biz

Some people will search for mortgage lenders near me if they want their bank to be nearby. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage?

article thumbnail

Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

article thumbnail

FHA Mortgage Rates by Credit Score: 620, 700, 580, 640

Marco Santarelli

FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. FHA mortgage rates don't use risk-based pricing models, so there are no added fees or premiums for lower credit scores.

FHA loan 105
article thumbnail

Tune Up Your Product Knowledge

Patch of Land

You can grow your business in a rising-rate environment. Mortgage interest rates are on the rise. This is presenting a new set of challenges for mortgage originators and home-buyers who have become accustomed to historically low rates. Experts predict mortgage rates will inch upward to about 4.5

article thumbnail

Top Five: Real Estate Stories Of 2022

Toronto Realty Blog

October 19th, 2022, I wrote, “Should Tenants Be Pre Approved For Candidacy?” There’s no qualification to be a landlord. ” And my #2 question was, “What will happen with interest rates?” “Blink and we’ll be there,” since rate hikes started on March 2nd.