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Category: Understanding Mortgages

How rising mortgage rates affect buying power | MyMortgageInsider.com

Home Buying · Mortgage Rates · Understanding Mortgages

A 1% Rate Increase will Decrease Your Buying Power by 11%

January 24, 2020

How interest rates affect buying a home How do interest rates affect buying power when you’re searching for your next home? Will you have to settle for a less-nice house […]

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Aerial photo of neighborhood

Home Buying · Understanding Mortgages

What is a mortgage underwriter?

January 21, 2020

Although you’re not likely to see or hear from this person during the mortgage loan process, the underwriter decides whether to approve, suspend or deny your home-buying loan. That’s where […]

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The Pros and Cons of Using a Mortgage Broker

Home Buying · Understanding Mortgages

Are Mortgage Brokers The Best Friend a Home Buyer Can Hire?

January 15, 2020

If you’re in the market for a new home but don’t have time to wade through scores of applications or shop around for the best mortgage rates and terms, a […]

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stack-of-books-on-desk-at-library

Understanding Mortgages

Mortgage Dictionary

March 27, 2019

Mortgage terminology can be confusing whether you’re a first-time homebuyer or looking to refinance your current loan. From mortgage terms like amortization to PITI, chances are you’ll come across a […]

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Make sure you pick the right lender

Understanding Mortgages

Why the Right Lender Matters

July 31, 2018

When looking for a mortgage, it’s not just the mortgage rate you should be checking out. Choosing the right lender matters when it comes to their expertise in certain areas, […]

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Big financial hurdles that could prevent your mortgage eligibility

Understanding Mortgages

Biggest Financial Burdens Stopping People from Buying Houses

February 20, 2018

Sometimes, people do things that undermine their chances of buying a house. It can be anything from having way too much credit card debt or forgetting to pay their monthly […]

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What to do if you might miss a mortgage payment

Understanding Mortgages

What should you do if you can’t pay your mortgage

October 16, 2017

During the mortgage crisis, so many people hesitated or didn’t even bother to call their lenders to tell them they just couldn’t make the payments. The fear of losing their […]

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Using jumbo loans to buy a house

Niche Mortgage Products · Understanding Mortgages

Jumbo Loans and What They Are All About

August 29, 2017

When you live in a higher priced area with a high cost of living, the homes you are looking to buy probably have big price tags. So, you might need […]

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5 Tips to Boost Your Credit Score – Fast!

Home Buying · Understanding Mortgages

5 Tips to Boost Your Credit Score – Fast!

April 19, 2017

Your credit score is one of the biggest factors that mortgage lenders consider when deciding how much money to loan and what rate to loan at. In a lot of […]

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Ellie Mae January 2017 Mortgages

News · Understanding Mortgages

Mortgages Continuing To Close Easily

February 17, 2017

January saw a growing economy, some adjustments to President Trump and relatively consistent mortgage rates. Thanks to these factors, as well as others, mortgages continued to close fairly easily in […]

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