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How Do Mortgage Rates Today Compare to 1990?

January 14, 2022

Mortgages and the world have changed a lot since 1990. We’ve seen the mass adoption of the internet, social media flourish, tech giants rise and major companies fall. Thankfully, mortgage rates for 30-Year Fixed-Rate Mortgages ...


What Is An Escrow Account?

January 14, 2022

An Escrow account is a service to help home owners manage taxes and insurance cost. Instead of waiting until tax season and discovering a surprise bill that could total thousands of dollars you deposit a ...


Home Values Have Risen From $2,938 in 1940 to $119,600 in 2000!

January 14, 2022

How much do you think the median home cost in 1940? You’d be surprised that it was only $2,938; even after adjusting for inflation it was only $55,500. 80 years later in 2020 the median ...


What's The Difference Between Monthly and Upfront Private Mortgage Insurance (PMI)?

January 14, 2022

If you are putting less than 20% down on a conventional mortgage you will be required to purchase PMI, or Private Mortgage Insurance. Essentially, it is insurance to protect the lender due to the increased ...


Mortgage Down-Payment Options For Buyers With Less Than 20% Down

January 14, 2022

If you’re looking to by your first home and don’t have a 20% down payment there are more conventional options for you than you might think. While most buyers automatically think an FHA loan is ...


How Does a Mortgage Application Affect My Credit Score?

January 14, 2022

Many borrowers will be surprised to learn that submitting applications for multiple mortgages will not impact your credit anymore than a single mortgage. In most cases, if it does impact your credit it will be ...


What Are Closing Cost? Who Pays Them?

January 14, 2022

If you’re planning to buy a home or refinance you need to educate yourself on closing costs. On a basic level, a closing cost is a payment required to finalize a home loan and is ...


How Do You Calculate Debt-to-Income Ratios?

January 14, 2022

Your debt to income number or DTI is an important factor when applying for a loan. It is used by lenders to determine if you are a reliable borrower. Generally, you want to keep your ...