Mortgage Updates

The Fed does not set mortgage rates, but the Fed does influence the market where most mortgage rates originate, which is the Mortgage Backed Securities (MBS) market. MBS, and ultimately mortgage rates, are also impacted by … Read more

A loan officer is a person that works for a bank, credit union, mortgage lender, or mortgage broker and specializes in assisting homeowners and homebuyers in obtaining a new mortgage. A loan officer has a state … Read more

Buying a home is the “American Dream.” With home prices seemingly going up yearly, the biggest hurdle to buying a home is a sufficient down payment. From the first quarter of 2013 to the first quarter … Read more

A little-known way to help you obtain a mortgage is having a co-signer on your loan application. Co-signing a mortgage is a great way to help a family member or friend buy a home or refinance … Read more

A mortgage underwriter is an employee of a mortgage company that reviews your loan application and decides if you meet the company’s lending requirements. If you do meet their requirements, the underwriter will issue an approval. … Read more

When you buy a home or refinance a current mortgage, you’ll always want to ask your Loan Officer if your new mortgage has a pre-payment penalty. In fact, it should be one of the first questions … Read more