Marco Santarelli

JANUARY 6, 2025

Generally, higher credit scores qualify for lower rates, while lower scores lead to higher rates. Lenders also consider debt-to-income ratios and down payment amounts when setting rates. Generally, fixed-rate mortgages tend to have higher initial rates compared to variable rates.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage VA loan 97

Marco Santarelli

MAY 2, 2025

The average amount people are borrowing in a state can affect the rates lenders offer. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. These regulations can influence the costs for lenders, which they might pass on to borrowers in the form of slightly higher rates.

Mortgages 64

Mortgages Debt-to-income ratio Loans FHA loan 64

Marco Santarelli

APRIL 24, 2025

Loan Sizes: The average size of a mortgage can influence rates, as larger loans may carry different risk profiles. State Regulations: Each state has its own set of regulations governing the mortgage industry. These regulations can impact lender costs and, ultimately, the rates they offer to borrowers.

Mortgages 52

Mortgages Debt-to-income ratio Pre-approval Loans 52

Marco Santarelli

MARCH 6, 2025

Decoding Mortgage Jargon: What Does It All Mean? Let's be real, the mortgage world is full of confusing terms. Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. Predictability is the name of the game here! A lower DTI is better.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

Marco Santarelli

OCTOBER 6, 2024

Market Influences : Various economic factors—including decisions by the Federal Reserve, inflation trends, unemployment rates, and the impact of the upcoming election cycle—will significantly influence these mortgage rate predictions. On the flip side, when the Fed lowers rates, it generally makes home loans more affordable.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage Banks 97

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

Fixed-rate mortgage 88

Fixed-rate mortgage Equity Debt-to-income ratio Loans 88

Realty Biz

SEPTEMBER 30, 2023

There is no specific credit score that is universally considered 'low' for a mortgage. However, generally, a credit score below 620 is often seen as a lower credit score in the mortgage industry. What types of mortgages are available for individuals with low credit scores? Reduce your existing debt.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. The first step is understanding how much you can afford to spend on a mortgage.

Debt-to-income ratio 71

Debt-to-income ratio Closing costs Loans Title 71

HomeLight

AUGUST 28, 2020

These government-backed agencies buy huge numbers of mortgages from lenders, bundle them together, and then sell them to investors. GSEs basically act like a middleman between mortgage lenders and investors. They play a vital role in keeping the money flowing in the mortgage industry. Your debt-to-income ratio.

Mortgages 104

Mortgages Loans Fixed-rate mortgage Principal 104

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. To improve your chances of getting approved for a mortgage, there are a few key considerations.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Marco Santarelli

APRIL 26, 2023

The rising interest rates doubled mortgage interest rates in 2022, peaking at 7% in November. There was speculation that the Fed might not hike interest rates in the wake of turmoil in the banking industry. However, it continued its policy of raising short-term interest rates to combat inflation.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Fixed-rate mortgages are more predictable, and they work better for buyers who plan to be in the home for a longer period of time. Adjustable-rate interest. If you’re making a risky career move, your lender may likewise see your mortgage as a risk.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Debt-to-income ratio (DTI). Fixed-rate mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

MARCH 10, 2025

Lenders reward those with better credit by offering more favorable mortgage terms. Down Payment : A larger down payment often leads to lower interest rates since the lender sees you as less of a risk. Debt-to-Income Ratio : Lenders look at your total debt-to-income ratio when determining your eligibility for a mortgage.

Debt-to-income ratio 59

Debt-to-income ratio Mortgages FHA loan Fixed-rate mortgage 59

Marco Santarelli

MAY 22, 2025

Average Loan Size: The size of the average mortgage loan can also impact rates. State Regulations: Each state has its own set of regulations governing the mortgage industry. These rules can affect lender costs and, subsequently, the rates they offer. Don't just settle for the first rate you see.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Marco Santarelli

FEBRUARY 14, 2025

As of February 14, 2025, mortgage rates have slightly increased. The average rate for a 30-year fixed-rate mortgage is now 6.92%, a small uptick of 0.01% from the previous week. This slight increase in rates is just one aspect of a complex and evolving housing market.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Debt-to-income ratio Loans 52