Q: Do Mortgage rates change daily or hourly? A: Mortgage interest rates are in constant flux, changing every day. That's because there are a lot of different factors that influence mortgage rates, including economic conditions, inflation and U.S. Treasury bonds.…
What exactly does PITI stand for in mortgage terms? PITI - is an acronym for the breakdown of what’s included in your mortgage payment. P – Principal I – Mortgage Interest T – Property Taxes I – Homeowners Insurance Lenders will calculate your PITI…
Shopping for a home Whether this is your first or tenth home purchase, shopping for a home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you…
Before you begin your new home search, talk to a lender about getting preapproved for a mortgage. This important step can save you time in negotiations and keep your search on target and within budget. What exactly is a preapproval…
Buying a home is a big purchase, one that takes time to save up to afford. Many homebuyers use a mortgage to finance the majority of the cost, but still need to save up a down payment. Here are five…
Typical First Time Home Buyer Expenses It's important to know what first time home buyer expenses you need to prepare for before getting to the final closing table. Some are even required before you start searching or complete the sale.…
They say that buying a home is all about location, location, location. But what if you do not know what location is right for you? Here are a few factors to consider when deciding on just the right place to…
When buying a new home, you have the chance to put in a number of contingencies including an Appraisal Contingency to the purchase contract to protect you during the process. A contingency is a condition that must be met in order…
