Well, maybe not exactly 1%, but in the 1% range? More specifically, starting with the number â1,â which on its own sounds too good to be true. Itâs now a reality thanks to, you guessed it, United Wholesale Mortgage, who again is bringing some of the lowest rates in the industry via their aggressive Conquest [&hellip
The post How About a 1% Mortgage Rate? first appeared on The Truth About Mortgage.
It seems that lately we reach a new all-time low for mortgage rates just about every week, which begs the question, how low can they go? Indeed, mortgage rates have hit record lows eight times so far in 2020, and it is only mid-August. If you had to bet, youâd probably guess that weâd see [&hellip
The post How Low Will Mortgage Rates Go? first appeared on The Truth About Mortgage.
I recently wrote that you should look for a mortgage before searching for a property to buy because unless you have lots of cash, youâre going to need a loan. Now letâs talk about what you should do before you apply for a mortgage to avoid common setbacks that could, well, set you back. 1. [&hellip
The post 10 Things You Should Do Before Applying for a Mortgage first appeared on The Truth About Mortgage.
You may have heard thereâs a ânew mortgage fee.â And you might have been told to hurry up and refinance NOW to avoid said fee. While there is some truth to that, it is by no means a reason to panic, nor is it even applicable to all homeowners. Additionally, itâs possible it may not [&hellip
The post Beware the New Mortgage Fee Fearmongering first appeared on The Truth About Mortgage.
Itâs been a while since Iâve done a matchup, so letâs talk about an important one if youâre in the market to buy real estate. Today, weâll breakdown the similarities and differences of a condo vs. townhouse. First things first, letâs define what a condo is, then we can do the same for a townhouse, [&hellip
The post Condo vs. Townhouse: Why It Matters first appeared on The Truth About Mortgage.
One of the problems with refinancing a home loan right now is that mortgage rates keep falling. As such, you might find the need to refinance again shortly after refinancing. Aside from being inconvenient, itâs also not very cost-effective. Yes, it costs money to refinance, whether you pay for it out-of-pocket or via a higher [&hellip
The post Is a 2.25% 30-Year Fixed Mortgage Rate in the Cards? first appeared on The Truth About Mortgage.
The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage rates are mostly offered in eighths. Before 2001, the stock market only allowed price movements as small as one-sixteenths, an archaic method that gave way to the introduction of decimals. [&hellip
The post UWMâs Exact Rate Lets Borrowers Choose Exact Mortgage Rates first appeared on The Truth About Mortgage.
You may have seen commercials lately for âExperian Boost,â a program that says it can increase your credit scores instantly. Their latest ad spot features wrestler John Cena riding around on a horse, giving people with no hope of getting approved for a loan, well, hope. Even better, itâs free to use. So if youâre [&hellip
The post Should You Use Experian Boost Before Applying for a Mortgage? first appeared on The Truth About Mortgage.
Costco, the well-known mega wholesaler that runs a chain of membership warehouses internationally, rolled out itâs so-called âMortgage Servicesâ back in 2011. Now known as “The Mortgage Program,” their lending partners have funded nearly 200,000 mortgages worth more than $51 billion. Costco already offers all types of insurance, a co-branded credit card, RV and boat [&hellip
The post Costco Mortgage Review: What Donât They Do? first appeared on The Truth About Mortgage.
Letâs get political â just kidding. Letâs talk about data that involves presidential elections and mortgage rates, more specifically, what happens to rates during an election year and the subsequent year to find out if there are any trends that pop out. I went ahead and scoured Freddie Macâs 30-year fixed-rate mortgage data, which dates [&hellip
The post Mortgage Rates vs. Presidential Inaugurations: Is There a Correlation? first appeared on The Truth About Mortgage.