We’ve all heard the saying, “Home is where the heart is.” But in the case of your home, not only is your heart invested in it but so is a lot of your money. That investment, or in other words, the payments made over a period of time, has likely helped you build...
How does the Fed lowering the rate affect your mortgage rate?
By Jamie Wagner, Ph.D. In short—it really doesn’t. Not directly that is. In an emergency meeting on Sunday, March 15, the Federal Reserve (the Fed) decided to cut rates to 0. But what rate exactly did they cut and what does that mean for you and for your mortgage?...
Which Type of Mortgage is Right For You
Mortgage 101 A home is one of the largest if not the largest investments you'll make. Just as you research a car or electronics purchase, the same time and attention must be put into a home, especially the financing of it. Many factors come into play when you apply...
Use Your Home’s Equity: Understanding Home Equity Loans and Lines of Credit
Home Equity and How It Works Understanding what home equity loans are requires knowledge about equity itself. Equity is the difference between a home’s fair market value and the current balance of the loan. Your home is one of your biggest investments, and its equity...