How to Get the Lowest Mortgage Rates

How To Get The Lowest Mortgage Rates on Home Loans

This guide covers how to get the lowest mortgage rates on home loans. Mortgage loan officers who have been in the business for several years will tell you the number one question they hear is, “What are your rates today?” And it’s also typical for consumers to begin shopping around for a mortgage company. One…

Understanding VA Mortgage Rates
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Understanding VA Mortgage Rates And LLPA

This Article Is About Understanding VA Mortgage Rates And Loan Level Pricing Adjustments VA loans are the best home mortgage program in the United States. The government has created and launched VA loans decades ago to reward qualified members of our U.S. Military to reward them for their service to our country. Only select qualified…

Will Mortgage Rates Rise

Will Mortgage Rates Rise Or Will There Be A Correction In 2025?

Will mortgage rates rise or will there be a correction in 2025? With interest rates and home prices at the top of mind for both homebuyers and real estate investors, many are asking the big question. While no one can predict the future with 100% certainty, we can examine market trends, economic indicators, and expert…

Mortgage Rates On Bad Credit Loans
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Mortgage Rates on Bad Credit Loans With Low Credit Scores

Securing a mortgage with bad credit or a low credit score may be difficult, but it is still achievable. While traditional lenders may hesitate to approve borrowers with credit issues, specialized loan programs are designed for those with less-than-perfect credit. However, the mortgage interest rate plays a crucial role in determining affordability. In this article,…

Housing Numbers Increase

Housing Numbers Increase Despite Higher Mortgage Rates

ThIs guide covers housing numbers increase despite higher mortgage rates. This guide is an update of the original guide on housing numbers increase despite higher mortgage rates that was written on 2017. Improving the Mortgage Approach Having advanced in automation and other technologies for mortgages, it is now quicker and easier to close loans: Moving…

Understanding Discount Points
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Understanding Discount Points Buying Down Mortgage Rates

Understanding Discount Points: Your Key to Big Savings on Your Mortgage When exploring your mortgage options, “discount points” often pop up. What are they? Simply put, discount points are a way to pay down your mortgage rate, potentially saving you thousands of dollars over the life of your loan. This detailed guide will thoroughly explore…

Home Prices Are Increasing
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Home Prices Are Increasing Despite Higher Mortgage Rates

This guide guide covers how home prices are increasing despite higher mortgage rates. All indicators point to a housing bubble. The real estate boom we have experienced since 2019 is like no other housing explosing since the housing market peaked in 2005-06. HUD and the FHFA have increased loan limits for eight years in a…

FHA Versus Conventional Mortgage Rates
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FHA Versus Conventional Mortgage Rates

This guide covers FHA versus conventional mortgage rates on purchase and refinances transactions. One of the most common questions the team at Gustan Cho Associates is how are FHA versus Conventional mortgage rates. Not all borrowers get the same mortgage rates. Prime borrowers will get the best mortgage rates and terms. Prime borrowers have at…

How Credit Scores Affect Mortgage Rates
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How Credit Scores Affect Mortgage Rates When Locking Loan

This Article Is About How Credit Scores Affect Mortgage Rates When Locking Loan Mortgage Rates have dropped 0.25% after the sudden surge in recent weeks. Many borrowers in recent weeks were alarmed due to the sudden surge of rates. Now is the opportunity to lock in rates. How much lower will rates go? Nobody has…

Benefits Of Refinancing During Historic Low Mortgage Rates
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Benefits Of Refinancing During Historic Low Mortgage Rates

It is no secret that mortgage interest rates are at historic lows. The COVID-19 pandemic has affected every global market, including the United States mortgage market. While historic lows are currently experienced in interest rates, all signs indicate an imminent increase. If you have been following the news, you know that the Federal Reserve announced…

Tennessee Home Prices Continue

Tennessee Home Prices Continue To Rise Due To Low Mortgage Rates

Tennessee Home Prices Continue to Rise in 2024 Tennessee boasts a healthy state government with a surplus, which is excellent news for the state’s financial health. Many residents from financially struggling states like Illinois are moving to Tennessee. The state attracts numerous residents from high-tax states such as Illinois, Wisconsin, California, New York, New Jersey,…

Mortgage Rates During The COVID-19 Pandemic

Mortgage Rates During The COVID-19 Pandemic

This guide covers the volatility of mortgage rates during the Covid-19  pandemic. Mortgage Rates During The COVID-19 Pandemic is two-fold. Mortgage rates are at historic lows for prime borrowers. Prime borrowers are mortgage borrowers with at least 740 credit scores, low debt-to-income ratios, 25% down payment, and no loan-level pricing adjustments. However, any borrower with…

Condotel Mortgage Rates
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Condotel Mortgage Rates | Rates on Non-Warrantable Condos

This Article Is About Condotel Mortgage Rates And Condotel Loan Guidelines. A condotel, or a condo-hotel, is a condominium unit located within a hotel or a hotel-like condominium project. Major hotel brands such as Marriott Hotels, Hyatt Hotels, and Trump Hotels often include condotels in their hotel complexes. Condotels are owned by individuals, investors, or…

Comparison of Mortgage Rates
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Comparison of Mortgage Rates on Purchase and Refinance

This guide covers comparison of mortgage rates on purchase and refinance loans. Mortgage rates have been steadily going up to all time highs for home buyers shopping for a home loan or homeowners thinking of refinancing their current home loans. Mortgage rates have been steadily increasing and are at the highest rates since the 1980’s….

Credit Scores and Mortgage Rates
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Credit Scores and Mortgage Rates versus Pricing Adjustments

This guide covers credit scores and mortgage rates versus pricing adjustments. Credit scores and mortgage rates go side by side. The most important factor in any mortgage loan application process is one’s credit score. Although income, credit, credit history, debts, assets, and liabilities are all important in the mortgage loan application process, the single most…

Housing Demand Strong
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Housing Demand Strong Despite Highest Mortgage Rates

This guide covers housing demand strong despite highest mortgage rates and surging inflation numbers. Home sales throughout the United States remain strong due to a combination of factors. Rumors of higher mortgage rates in the second half of 2021 have not slowed down demand for homes. The reduction of the FHA annual mortgage insurance premium has…

Shopping For Best Mortgage Rates
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Shopping For Best Mortgage Rates in California

This guide covers shopping for best mortgage rates in California on home purchase and refinance home loans. California is the nation’s most populous state. Many counties in the state of California is classified as high-cost areas. FHA, VA, and Conventional loan limits are substantially higher than other parts of the country on high-cost areas. California…

Qualifying For The Lowest FHA Mortgage Rates On FHA Loans
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Qualifying For The Lowest FHA Mortgage Rates on FHA Loans

This  guide covers qualifying for the lowest FHA mortgage rates on FHA loans. Qualifying for the lowest FHA mortgage rates is every borrowers goal. There are ways to prepare for a mortgage a few months before actually applying for a home loan. Not everyone gets the same mortgage rates on FHA loans. Mortgage lenders will…

What Factors Affect Mortgage Rates
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What Factors Affect Mortgage Rates Pricing on Home Loans

Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.