MortgagesApplying for a MortgageGetting the Best Mortgage Rate

Getting the Best Mortgage Rate

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5 Tips for Building Credit To Buy a House

For many of us, buying a home is the pinnacle of adulting. There’s just something about owning property that makes most of us feel accomplished – and with good reason! It takes time, effort and preparation to finally get those keys in our hands.  And speaking of preparation, one essential step to owning a home...

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Mortgage Par Rates: A Complete Guide

If you’re shopping for a home loan, you’re probably familiar with the concept of mortgage rates. You probably also know that even a small change to that number can change the amount you pay in interest over the life of a loan by tens of thousands of dollars.  But you may not have heard of...

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What Is Buying Down an Interest Rate and Is It Right for You?

When comparing different mortgages, one of the most important variables you will need to consider is the interest rate. Over a 30-year mortgage, a single percentage point change in your interest rate could cost or save you thousands of dollars. Many people assume that whatever interest rate their lender offers them is an interest rate...

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What is a Mortgage Float-Down Option?

Once you start considering buying a home, the obvious next step is researching and creating a plan. And you quickly find one phrase that seems to proliferate in your search results like a financial-jargon bacteria: interest rate.  Interest rates are one of the most important aspects of the mortgage process. They can have a huge...

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What Are Basis Points in Mortgages?

If you’re in the process of getting a mortgage or just want to know all you can about the home buying process, you’ll want to get familiar with basis points. Basis points can impact your mortgage rate, which will impact how much interest you pay over the life of your loan.  We’ll give you the...

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What Are Mortgage Points? Should You Buy and How To Calculate

Have you ever wondered whether you should buy mortgage points? If this is your first time buying a home, we wouldn’t be surprised if you were asking yourself what a mortgage point is.   Mortgage points (aka mortgage discount points) are one of several tools buyers can use to decrease the total cost of owning a...

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woman choosing a mortgage lender looking through papers and sitting at table

3 Tips for Choosing a Mortgage Lender

It would be awesome if finding the right mortgage lender were as simple as swiping right on an app (#lender, anyone?). But you can’t choose a mortgage lender that way because there are too many moving parts. Your finances and your lender’s terms and services must match to make it work. Taking shortcuts when it...

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What Is Debt-to-Income Ratio?

Thinking about buying a home and getting a mortgage to pay for it? Then you need a crash course in debt-to-income (DTI) ratio. Lenders use your DTI to determine if you’ll be able to afford your monthly mortgage payments. That’s why knowing this powerful percentage can help you get a mortgage. What Is Your Debt-to-Income...

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many keys pointing to a lock to introduce when to lock your mortgage rate

Mortgage Rate Locks: How and When To Lock In Your Rate

Mortgage rates are often very volatile, and changes in mortgage rates can have a major effect on the home buying process. For example, it would be a major bummer if interest rates set by the Federal Reserve shot up during closing, making payments for your dream home suddenly less affordable. Luckily, you can lock in...

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