Learn About: Mortgage Rates

You have probably heard lenders talking about a mortgage rate lock, but do you really know why it is to your advantage when used correctly? At it’s core, a rate lock is a way of guaranteeing you a rate for … Continue reading →

You’ll see an interest rate and an Annual Percentage Rate (A.P.R.) for each mortgage loan you see advertised. The easy answer to “why” is that federal law requires the lender to tell you both. The A.P.R. is a tool for … Continue reading →

One of the great debates you may have while considering loan options is between an adjustable rate mortgage and one that is fixed. There are pros and cons to each. Below, we face them off against each other. Fixed vs. … Continue reading →

We are all trained to go after the lowest mortgage rate we can possibly find. It makes sense. Lower interest rate, lower payments, right? Be careful with this logic. Mortgage companies know this about you. They know you’re looking for … Continue reading →