When interest rates are high, many homebuyers turn to adjustable-rate mortgages, better known as ARMs. That’s because these mortgages typically come with initial interest rates that are lower than what they’d get when applying for a standard 30-year or 15-year fixed-rate mortgage. Those lower initial rates mean lower monthly mortgage payments. That’s the good news. […]
When saving for a home, most people are primarily worried about saving up the cost of a down payment. But as all your homeowner friends will tell you when you start seriously looking for homes, there’s more to the cost of a home than the sticker price. When you close a mortgage, you have to […]
Recently, the Federal Reserve announced that federal funds rate staying at 0% probably until 2023. I’m getting a lot of inquires about what does this mean for mortgage rates? Alex Stewart from Bank Of England, one of our preferred lenders, sent out this video to the Realtors that he frequently works with. I thought was […]
