Yes, rates are lower, but should you refinance? I’ll tell you what, there are lots of reasons to refinance aside from just rate. You know, homes have appreciated quite a bit, so if you’re paying mortgage insurance, let’s get rid of that and save you that money. And because we have seen strong appreciation over […]
The Bond market has been volatile and unexpected changes to mortgage rates can be worrisome. A sudden adverse change can cause an increase in your monthly payment that can last for a long time, and worse yet, can make it more difficult to qualify for a loan. This is why I spend time every day […]
Unsure of what an APR is? Can’t see the difference between an APR and an interest rate? These are important terms to understand, as they are key components of the mortgage process. First off, lets discuss what an APR is, and why it is important to the mortgage process. An APR can best be defined […]
Can you shop around when it comes to getting a house? Many believe that you do not have this luxury. There are a lot more things that you can shop around with than you realize. For example, in regards the title work, or legal side of the mortgage process, you can choose the title company […]
At the Truth About Lending, we are licensed mortgage brokers rather than retail loan officers. What’s the difference? It means that we have many more options available for you and your family than if you were to go to a retail loan officer. A retail loan officer like a bank or somebody is working for […]
Are you a veteran trying to use your VA benefits? Unfortunately it is becoming common that banks take advantage of our brave veterans. In fact it is so bad, that it has become a national issue. If you’re looking for a very competitive rate and to perhaps save 1% on the interest rate that you […]
Is there actually a loan out there that has NO closing cost? A common myth within the mortgage industry is that there is something called a no closing cost loan. Despite what some say, this is not true. Regardless of whether there are lender fees or not, you still have costs that you must pay […]
There is a common myth out there in the mortgage industry that the Federal Reserve controls the mortgage rates. This myth is not entirely accurate. The way that mortgage rates are determined is by the activity in the 30-year treasury bond. The Federal Government controls 3 interest rates. With these rates that they have control […]
Are you able to own two different homes with a VA loan? A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs. This program is exclusive to American Veterans, and current military members. A VA loan is very appealing since its purpose is to aid veterans in purchasing a […]
There has been much recent news coverage about the Federal Reserve, and the current interest rates. What does this all mean to the average homeowner? The Federal Reserve and the Federal Open Market Committee (FOMC) can only control two short term interest rates: The Discount Rate, and the Federal Funds rate. The discount rate is […]
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Unlock the Secrets of Florida Mortgages. We’re excited to take your mortgage knowledge to the next level! With the ever-evolving landscape of real estate and financing, understanding Florida mortgages can be a daunting task.
That’s where Melinda comes in! With her expertise and passion, she’ll guide you through the ins and outs, ensuring you’re well-equipped to make informed decisions.
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