The Lowest Mortgage Rate Might Not Be What You Need
The decision to buy a home is a big one, but the choice on which mortgage to take out to finance such a large investment is just as important. Of course, the less you can pay overall the better, right? Obviously, a huge part of… Read More
How Lenders Set Their Interest Rates (and How to Beat Them)
Are you considering applying for a mortgage, car loan or another type of credit product? Are you worried that the product’s high-interest rate will damage your finances and ultimately, your credit health? When it comes to loans, interest rates are a factor that many borrowers forget to take… Read More
Loan Interest Rates: How Lenders Arrive at Rates
You’re ready to buy a home and are looking around for a mortgage. Of course, one of the first questions you’ll likely ask when applying for a mortgage is what the interest rate is. After all, the interest rate will have a direct effect on how expensive or… Read More
What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?
The most affordable mortgages are those that come with the lowest interest rates. The lower the rate, the less money you’ll have to pay for the interest portion of your mortgage, making the overall home loan much more affordable in the long run. Read More
Fixed Loans vs Variable Loans
During most people’s lives, loans are a huge help and are a very important financial tool to use. Whether you are going to school, buying a car or even buying a home, loans are often necessary to achieve… Read More
What is Prime Rate?
If you’ve ever read the financial section of the newspaper, had a conversation with a lender, or someone in your family who loves talking about money or the “big banks” then you’ve probably heard the term prime rate. What you might not know is exactly what prime rate means and… Read More
The Secret Behind Your Credit Card’s Minimum Payment
If you currently use a credit card, you know it’s mandatory to pay a certain amount every month. This amount is called the minimum payment, which represents the least amount of money your creditors will accept for the balance you have that month. This amount varies depending on… Read More
How a Blended Mortgage Can Save You Money | Blend & Extend, Blend to Term
Don’t you wish you could predict the future? Especially three years ago when you choose a fixed rate five-year term mortgage because you and your partner (and probably your mortgage advisor too) didn’t think that it was possible for the interest rates to get any lower. Well unfortunately for you… Read More