What Is a 5/1 ARM? (And Should You Get One To Snag a Lower Mortgage Rate?)
Housing costs have skyrocketed as of late, with median home prices near historic highs and mortgage rates hitting levels not seen in 23 years.
Posted by Mark Ross on October 30, 2023
What Is Loan-to-Value and Why Does it Matter?
Loan-to-value ratio compares the size of a loan used to finance an asset with the value of that asset. It’s commonly considered when you take ...
Posted by Mark Ross on October 27, 2023
The Worst Mortgage Advice Homebuyers Actually Believe
Getting a mortgage is a daunting prospect, which explains why so many people seem eager to pat your hand and say, “Let me give you a little ...
Posted by Mark Ross on August 16, 2023
What Is an Assumable Mortgage? Major Savings If Your Loan Makes the Cut
True to its name, an assumable mortgage is a type of home loan where the buyer takes over the seller’s mortgage, rather than applying for a new ...
Posted by Mark Ross on July 3, 2023
How Often Can You Refinance A Home Loan
Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and ...
Posted by Mark Ross on June 1, 2022
7 Credit Building Myths First Time Homebuyers May Hear Today
People love to dole out unsolicited advice. Some of it is actually useful. Other tips you hear, though, may do more harm than good—particularly ...
Posted by Mark Ross on April 19, 2022
Can A Car Loan Prevent You From Getting A Mortgage?
You probably never thought that purchasing a new car could impair your ability to get a mortgage for a home. It’s one of several moves that ...
Posted by Mark Ross on March 24, 2022
Could Identity Theft Keep You From Buying A House?
Imagine you’ve finally found your dream home and have put in an offer, and you’re declined—not due to anything you’ve done ...
Posted by Mark Ross on March 10, 2022
ARM Vs Fixed Rate Mortgage And Which Home Loan Is Better For You
If you’re raring to buy a home, chances are you’ll need a mortgage. But which kind of mortgage should you get?
Home loans aren’t ...
Posted by Mark Ross on February 8, 2022
5 Reasons To Not Pay Off Your Mortgage Early
You’ve imagined it: that party you’ll throw (and the happy dance you’ll undoubtedly do) the day you pay off your mortgage. Ah, the ...
Posted by Mark Ross on February 4, 2022
Cashout Refis Are In High Demand As Equity Levels Skyrocket
Record home price appreciation in recent years has pushed tappable home equity to new heights.
According to a report published by data vendor Black ...
Posted by Mark Ross on December 9, 2021
Where Have All The HELOCs Gone?
Brenda Schmerl was eager to renovate her bathroom—and, after learning her upgrades would cost around $16,000, had assumed she would finance her ...
Posted by Mark Ross on November 1, 2021