Mortgage Myths Revealed

Myth: The Interest Rate Determines The True Cost Of The Mortgage The annual percentage rate (APR) is what is used to determine the true cost of the mortgage. The APR includes the interest rate, points, mortgage insurance, and all other fees. This figure will give you a better idea of the total cost over the ...

LOCK & SHOP

Lock in a great rate today and then focus fully on finding that perfect house tomorrow. With our Lock & Shop program you have the advantage to lock in a rate before you have even selected a property. With your rate already locked in, you will have no worries about rates getting too high and ...

The 30 Year Fixed

A Strong Option in a Weak Economy If you have been weighing your options in the housing market you may want to make your decision to buy or refinance now while rates as well as home prices remain low. The 30-year fixed rate mortgage loan has long been the steady favorite of products offered to ...

How Can HARP 2.0 Help You?

The Home Affordable Refinance Program, also known as HARP 2.0, was released in March 2012 and gave borrowers an opportunity to refinance to a lower rate and save on their monthly mortgage costs. Before this program borrowers could owe no more than 125% of the value of their home. The new guidelines have no limit ...

What FICO Score is used?

Planning Ahead for Home Ownership:

Establish good credit habits. Use credit cards responsibly. Create a spending budget and don’t exceed the limit. Keep up with your monthly payments, making sure to pay them on time. Start saving for a down payment. The larger the down payment you can put on a house the less interest you will have to pay ...

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