Search results for “Banks”


January 3, 2021

The Difference between Big Banks and Private Lenders

In 2019, borrowers have more options when it comes to home loans than ever before. Traditionally, big banks have dominated the mortgage market. But increasingly, new homeowners are finding it easier a...


Your credit score and how it differs from your credit report
August 23, 2021

Your credit score and how it differs from your credit report

What is your credit report? A credit report is an extensive record of your financial history and how you’ve handled the obligation to repay your loans. Depending on how long you’ve been attached to li...


A History of Mortgage Rates
February 21, 2022

A History of Mortgage Rates

Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...


The No. 1 Sign That We May See a Cooler Spring Home-Buying Market
March 4, 2019

The No. 1 Sign That We May See a Cooler Spring Home-Buying Market

This year's spring home-buying season, when the frenzy typically kicks off for the year, appears to be off to a slow start—particularly in and around some of the nation's most expensive, coastal citie...


How to Save for a Down Payment While Working in the Gig Economy
June 7, 2019

How to Save for a Down Payment While Working in the Gig Economy

Set a Budget The very first thing any future homebuyer should do -- regardless of their career structure -- is to set a monthly budget. This enables you to determine how much you are capable of puttin...


Tips and Benefits of Buying a Home During the Holidays
November 27, 2020

Tips and Benefits of Buying a Home During the Holidays

The holiday months and winter may not be traditional peak homebuying seasons - there are historically less homes on the market - but there are actually advantages to being a buyer during the holiday s...


What is the Average Down Payment for a House?
October 6, 2021

What is the Average Down Payment for a House?

Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...


How Your Mortgage Rate is Calculated (and What You Can Do About It)
January 17, 2021

How Your Mortgage Rate is Calculated (and What You Can Do About It)

Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...


How Rising Rates Will Affect You
May 3, 2021

How Rising Rates Will Affect You

Interest Rates are Going Up The March jobs report marks one year since the first pandemic job losses, and even with the improving job numbers, the number of employed Americans is not expected to retur...