June 25, 2021 Marcus Terry 0 Comments

With mortgage rates at or near all-time record lows, you’ve likely pondered a refinance if you’re an existing homeowner. But you probably have a lot of questions too, especially if it’s your first time refinancing a home loan. Let’s clear up some of the confusion by tackling some of the most common refinance questions out [&hellip

The post The Top 15 Refinance Questions Answered first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

If you’re scratching your head wondering why home prices continue to go up and up, consider the fact that it’s actually cheaper now than it was a year ago. It’s also less expensive to own a home today than it was back in 2019, 2018, 2008, 2007, 2006, 2005, and even during parts of 2004. [&hellip

The post Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

We’re all looking for an angle, especially if it’ll save us some money. Whether it’s a stock market trend, a home price trend, or a mortgage rate trend, someone always claims to have unlocked the code. Unfortunately, it’s usually all nonsense, or predicated on the belief that what happened in the past will occur again [&hellip

The post When Are Mortgage Rates Lowest? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you essentially trade in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. You may elect to receive this new mortgage from the same bank (or loan servicer) that [&hellip

The post How Does Mortgage Refinancing Work? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Are You a Mortgagee or Mortgagor? It’s mortgage Q&A time! Today’s question: “What is a mortgagee?” No, it’s not a typo. I didn’t leave an extra “e” on the word mortgage by mistake, though it may appear that way. Despite its striking appearance, it’s actually a completely different word, somehow, simply with the mere addition [&hellip

The post What Is a Mortgagee? Hint: It’s Not a Typo first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Real estate Q&A: “Why Is the Housing Market So Expensive Right Now?” If you asked me this same question a few years ago, I would have had the same basic answer I’m about to explain. And since that time, home prices have surged much, much higher, which basically tells me the same fundamentals have been [&hellip

The post Why Is the Housing Market So Hot? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

You’ve seen the headlines – mortgage rates have jumped from recent all-time lows. And they’re seemingly on an upward spiral that can’t be stopped. Except, they’ve actually seen some improvement over the past few days, thanks in part to the recent stock market rout, coupled with an easing in the 10-year bond yield. Still, the [&hellip

The post Higher Mortgage Rates May Exacerbate Already White-Hot Housing Market first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

For the LGBTQ+ community, the experience of finding and buying a home has been changing for the better, but buyers do still face some challenges. These home-buying tips can help make your path to homeownership more fair and equitable. Understand your rights Zillow believes you have the right to buy a home free from discrimination. […]

The post Finding a Home: Tips for LGBTQ+ Buyers appeared first on Home Buyers Guide.