Your mortgage includes two different rates: the interest rate and the annual percentage rate (APR). For first-time home buyers, this may be a bit confusing. How are those terms defined and should you know the difference?
Tag Archives | Mortgage
For many first-time home buyers, the word “mortgage” causes nervousness and anxiety, but home financing doesn't have to be difficult. With a little preparation and a basic understanding of how the mortgage process works, applying for a mortgage and closing your loan will be easy and stress-free.
Fannie Mae will increase the conforming loan limit in January 2006. However, some lenders are making the change immediately, ahead of Fannie Mae. How much is the increase and what does this mean for existing and prospective homeowners looking for a mortgage?
For the week ending September 2, mortgage applications rose 6.8%. Find out how the housing market is reacting to the drop in interest rates.
Mortgages are complicated and stressful, not to mention possibly the largest financial transaction of your life. It is important that you choose the right loan, the right mortgage banker, and get the best rate. So how do you coordinate all of these things and still manage to close on your home? Read more to find out.
Are you interested in buying a vacation home? A place where you can get away from it all or get the family together? There are a few things you need to keep in mind when looking for that vacation property. Read to find out more.
The Commerce Department announced that housing starts were up 0.2% in May, reaching a three month high. Find out how low fuel costs and historically low mortgage rates are keeping the housing sector strong.
The Mortgage Bankers Association reported today that mortgage applications for the week ending May 6, 2005 increased 9.4% with the purchase and refinance indices both posting gains. read more about the report And mortgage rates.
Don't fall victim to the myths you've heard about handling your mortgage. Read today's myth and find out why it's not always best to pay off your mortgage as soon as possible.
Your credit score is a numeric representation of your financial responsibility that lenders look at every time you apply for credit. Find out how your credit score is calculated and see answers to common credit misconceptions.