Are you thinking of buying a home? Property buying has many costs involved. This means many, especially first-time buyers, might need to apply for a mortgage loan. Mortgage loans have four important parts. The parts are the principal amount, interest rates, taxes, and insurance. It is important you look at… Continue reading Comparing Mortgage Rates: Is 3.25 a Good Mortgage Rate?

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The mortgage market has seen drastic changes though history. In October 1981, mortgage rates hit their record highs at 18.45% for 30-year FRM mortgage rates and 16.63% in annual average rates. January 2021 saw a drop in mortgage rates to record lows of 2.65% for 30-year fixed-rate mortgages. This was… Continue reading Analyzing Market Trends: Is 3.375% a Good Mortgage Rate?

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Are you looking for the perfect mortgage rate? 2.875 percent may sound attractive, but is it a good deal?  The 30-year fixed rate in January 2022 was 3.45%; in November, it increased to 6.81%. So keeping this in mind, we can say 2.875 percent is a good mortgage rate. However,… Continue reading Breaking Down Rates: Is 2.875 A Good Mortgage Rate?

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Are you looking to enter the world of mortgage brokering but have no experience? Becoming a successful mortgage broker requires knowledge, skill, and dedication. With the right preparation, however, it is possible to become a mortgage broker without experience. To become a mortgage broker with no experience, the first step… Continue reading Conquering the Hurdles: How To Become A Mortgage Broker With No Experience

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You are looking for a mortgage loan for the house, and you have applied. Are you worrying about application approval and closing? Or can you revoke a mortgage or not? You are at the right place.  No, you cannot revoke a mortgage after funding. After closing your loan documents with… Continue reading Final Mortgage Approval: Can A Mortgage Loan Be Rescinded After The Funds Have Been Disbursed?

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Do you want to pursue a career in mortgage underwriting, but you don’t have enough experience? You are at the right place. You will need an entry-level job or internship to become a mortgage underwriter with zero experience. Another way is to get training as a loan officer first or… Continue reading Entry Level Mortgage Underwriter: How To Become A Certified Mortgage Underwriter

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Are you considering buying a home but unsure what mortgage rate to go with? Is 3.75% a good mortgage rate? It depends on several factors, including location and the market you are buying. 3.75% is considered a good mortgage rate. This number can vary depending on the type of home… Continue reading Should I Consider 3.75% A Good Mortgage Rate?

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Are you searching for a mortgage plan at affordable rates? Well, you are not alone. It’s challenging to find one as the interest rates are skyrocketing. The market is also very unpredictable due to inflation, employment, etc. Well, the first thing you should look at is the mortgage calculator. It… Continue reading Is 3.125 a Good Mortgage Rate for 30 Year Fixed? (+ List of Largest Mortgage Lenders In US)

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Have you ever thought about what would happen to your mortgage if the housing market crashed? What kind of effect would this have on the stability of your finances and the security of your home? If these questions are bugging you, we have got you all covered!  The interest rates… Continue reading Real Estate Market: What Is A Housing Market Crash

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One of the most common questions we get from homeowners is how they can pay off their 30 year mortgage in 15 years. While paying off your mortgage faster will save you money in interest, it may not be the right move for everyone. If you want to pay off… Continue reading Pay Loan Off: Should You Pay Your Mortgage Off Early?

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