banks

Are Mortgages Simple Interest and Compounded Monthly?

People seem to be fascinated with how mortgages are calculated and paid off, but when it comes down to it, there’s nothing too mind-blowing happening. Each month, a portion of principal and interest are paid off as mortgage payments are made. Over time, the loan balance is reduced, as is the total amount of interest… Read More »Are Mortgages Simple Interest and Compounded Monthly?

The post Are Mortgages Simple Interest and Compounded Monthly? appeared first on The Truth About Mortgage.

InstaMortgage Review: A Minority-Owned Lender That Aims to Provide Legendary Customer Service

Today we’ll deep dive into “InstaMortgage,” formerly known as Arcus Lending, a lender that promises low rates, legendary service, and a mortgage at record speed. They’re also big on tech (being located just down the road from Silicon Valley) and offer a smartphone app you can use to close your home loan. What’s unique about… Read More »InstaMortgage Review: A Minority-Owned Lender That Aims to Provide Legendary Customer Service

The post InstaMortgage Review: A Minority-Owned Lender That Aims to Provide Legendary Customer Service appeared first on The Truth About Mortgage.

Guaranty rolls out GAssist, a new borrower application portal

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC), rolled out its new borrower online application portal GAssist.

What is a BIN attack on a credit card? Understanding this type of credit card fraud

Editor’s note: TPG founder Brian Kelly is a Bilt adviser and investor. Seeing unauthorized charges on your credit card can be a headache. Having these charges removed from your account and getting a replacement card isn’t fun, either. The root cause of why you have unauthorized charges on your credit card can vary, as there …

My Goal to Buy One Million Square Feet of Rental Properties

I wrote a plan in 2013 outlining my goal to buy 100 rental properties. I created this plan because I wanted a huge goal that would push and motivate me. I have not come close to reaching that goal, mostly because I stopped buying houses when the market increased so much in Colorado. In 2017, … Read more

How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick

If you’ve been awake at any time over the past few weeks, you may have noticed that mortgage rates aren’t as low as they once were. What gives? Well, one downside to a strong economy is higher inflation expectations, and that has sent the 10-year bond yield surging to its highest level in four years.… Read More »How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick

The post How Lenders Are Still Able to Offer Low Mortgage Rates Despite the Recent Uptick appeared first on The Truth About Mortgage.