interest rate
5 Steps for Getting a Car Loan
This Article was Updated July 5, 2018 When you are looking to buy a vehicle, the first thing you should do is apply for a preapproved loan. The loan process can seem daunting, but itâs easier than you think and getting preapproval prior to going to the car dealer may help alleviate a lot of… Read More
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3 Banking Moves That Can Tank Your Refinance
If you’re gearing up to refinance your mortgage, the lender’s going to want to check out your credit and assets before you’re approved. One of the things they’ll pay attention to is what’s in your bank account. So if you … Continue reading →
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Guide to Small Business Startup Loans
It takes money to make money and virtually any small business will require some startup capital to get up and running. While the personal savings of the founders is likely the most common source of startup funding, many startups also … Continue reading →
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Refinance soon to avoid the FHFA adverse market refinance fee
Fannie Mae and Freddie Mac’s 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.
Mortgage Rates Down Only Slightly Despite Bond Market Rally
Posted To: Mortgage Rate Watch
What’s a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become in order to be traded on the open market (thus allowing lenders to make more loans with less risk and lower rates). As investors buy and sell bonds throughout the day, bond prices change. The higher the price, the lower the implied interest rate. Simply put, if bonds are rallying, rates should be falling shortly thereafter. The 10yr Treasury yield is typically an excellent barometer for mortgage rate movement. 10yr Treasuries and mortgage-backed bonds tend to correlate extremely well. As such, we might expect a more significant improvement in mortgage…(read more)
How Bad Credit Can Make Your Mortgage More Expensive
Borrowers who come to the table with lower credit scores can find that their mortgage loan costs more because of their bad credit scores. Â This is true for first-time buyers as well as people buying second or third homes. A loan costs someone with a bad credit score more because of higher interest rates and… Read More
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Credit Union Vs. Bank Mortgage: Which Should You Choose?
Youâve saved up your money, you found the perfect house, and youâre ready to buy. Now you just need a mortgage. Commercial banks may be the obvious choice, but they arenât the only option for your mortgage. Mortgage brokers, online mortgage lenders, and credit unions also originate mortgage loans. Credit unions and other non-banks are… Read More
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Homeowners Consumer Center Endorses Five US Mortgage Lenders to Be on The Shortlist of a Person Seeking a Home Loan or Refinance in the United States-Now Would Be a Great Time to Refinance a Home or Buy One – PRNewswire
Homeowners Consumer Center Endorses Five US Mortgage Lenders to Be on The Shortlist of a Person Seeking a Home Loan or Refinance in the United States-Now Would Be a Great Time to Refinance a Home or Buy One PRNewswire