Mortgage
What factors determine the interest rate for a specific borrower?
Economic conditions determine whether interest rates are generally high or low for everybody but there are other factors which influence the interest rate for each individual.
What is LTV?
LTV stands for “Loan To Value” and is a term that is often thrown around by mortgage professionals because it is one of the key factors in determining the maximum loan amount and the interest rate. The LTV is simply the ratio of the loan amount to the value of the property. For example, if [...]
Mortgage Refinance Things to Know
Buying your home was probably one of the most significant financial decisions of your life. Now you are thinking about refinancing and, as when you purchased, you will have to live with the financial consequences of your decision for many years to come.
Mortgage Rates by State
Before applying for a home mortgage loan or loan refinance you should always remember that mortgage rates can change daily.
Will I have to pay PMI?
Typically PMI, Private Mortgage Insurance, is required if your LTV is greater than 80%.
Bi-Weekly Mortgage vs. Monthly Mortgage Calculator
With bi-weekly mortgage payments, you pay half of the monthly mortgage payment every 2 weeks, rather a full monthly balance once a month. This could be equated to 13 monthly payments a year, which can result in faster payoff and lower overall interest costs.