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Mar 10, 2019 Should you pay points when obtaining a mortgage?Published 10 March 2019 Have you applied for a mortgage loan lately? If so, did your lender ask if you’d like to pay discount points? Paying points? Who likes to pay? Well, you might if you’re convinced that you’ll receive something of greater value in return. That’s the premise behind the concept of paying discount
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Feb 17, 2019 Why did your mortgage lender sell your loan?
Published 17 February 2019 If you’ve ever taken out a mortgage, there’s a good chance the lender who made the loan to you sold it to another bank or investor before you made your first payment. There’s also a good chance that if you’ve had your mortgage for a few years, it may have been
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Feb 03, 2019 Mortgage tip: How to turn $100 into $30,000
Published 3 February 2019 With lots of home sales come lots of new mortgages. And with each of those new mortgages come lots of monthly payments — 360 in the case of a typical 30-year loan. Each of those monthly payments is made up of multiple components; such as principal and interest, reserves for taxes
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Dec 30, 2018 Attack your mortgage in 2019
Published 30 December 2018 As 2018 comes to an end, many of us will begin thinking about our new year’s resolutions. Some will pledge to lose weight, while others will strive to spend more time with family or find a better job. A scant few will vow to accelerate the payoff of their mortgage. Paying
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Dec 23, 2018 Shopping for mortgages is like shopping for shoes
Published 23 December 2018 When Las Cruces renters Steve and Mari decided to purchase a home, their first hurdle was to research their financing options. What size down payment will they need? Will there be closing costs? How much income will they need to qualify? And the big question: Which lenders offer the lowest combination
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Nov 11, 2018 Mortgage rates remain near historic lows
Published 11 November 2018 Yes, mortgage rates have been on the rise. But not to the extent most people think. According to Freddie Mac’s weekly Primary Mortgage Market Survey published on Nov. 1, the rate for a 30-year fixed-rate mortgage on that date was 1.33 percent above the lowest conventional rate posted over the past
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