Marco Santarelli

AUGUST 5, 2025

Mortgage Rates: The average 30-year fixed-rate mortgage is hovering around 6.75% (as of July 17), slightly up from the previous week but down from a year ago. A good lender can also help you understand different mortgage products. This marks the 24th consecutive month of year-over-year price increases!

Marketing

Lab Coat Agents

FEBRUARY 7, 2023

The most common types of mortgages are: 30-year fixed-rate mortgage: With this type of loan, the interest rate remains fixed for the entire term, typically 30 years. This makes for predictable monthly payments and means you won’t have to worry about your rate going up in the future.

FHA loan

Redfin

AUGUST 12, 2024

Because they meet federal guidelines, conforming loans typically offer lower interest rates due to reduced lender risk and are easier to qualify for compared to non-conforming loans. Jumbo loans / non-conforming loans Non-conforming mortgage loans, commonly known as jumbo loans, exceed the loan limits set for conforming mortgages.

Loans

Redfin

JULY 31, 2024

Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA). Compare terms and interest rates to find the best fit for you. Choosing the right mortgage lender is a vital step in the home-buying process. Did you know?

Pre-approval

Redfin

JULY 11, 2023

Whether you’re a first-time homebuyer in Los Angeles or you’re considering refinancing your home in Tampa , this guide is tailored to equip you with the knowledge and understanding necessary to navigate the mortgage process effectively. What is a mortgage? What are the different types of mortgages?

Pre-approval

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance

Marco Santarelli

APRIL 24, 2024

In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers. The Refinance Rescue: Potential Savings Down the Line Here's a silver lining: even if you buy a home now with a higher interest rate, you're not locked into that rate forever.

Pre-approval

Marco Santarelli

APRIL 24, 2025

Choosing the right type of mortgage is just as important as getting a good rate. Here's a quick overview of some common options: 30-Year Fixed-Rate Mortgage: This is the most popular option. It offers a stable interest rate and predictable monthly payments over the life of the loan.

Mortgages

Marco Santarelli

MAY 29, 2025

A Word of Caution About “Teaser Rates” You've probably seen those unbelievably low mortgage rates advertised online. These are often “teaser rates” designed to grab your attention. The rate you actually qualify for will depend on your unique financial situation. Be careful!

Mortgages

Marco Santarelli

AUGUST 3, 2024

Not Saving Enough for a Down Payment: Many assume a 20% down payment is mandatory, but with options like FHA loans, you might be able to secure a mortgage with a smaller down payment. However, remember that a larger down payment often means lower interest rates and monthly payments. Research available options in your area.

Closing costs

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. The month's supply of inventory dropped by 11.5

Marketing

Redfin

JULY 10, 2023

Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage. While other monthly expenses may fluctuate, you’ll have peace of mind that your mortgage payments will stay stable.

New Construction

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Got Clients With Interest Rate Questions? Pre-approval.

Purchase and sale agreement