Mortgage

Mortgage interest rates have seen significant fluctuations recently. After hitting a record low of 2.7% at the end of 2020, 30-year fixed-rate mortgage loans escalated to 7.08% by November 10, 2022 – the highest since 2002. As of October 12, 2023, the rate stands at 7.57%, marking this year’s peak. The trajectory of these rates […]

Navigating the journey of home buying is a significant and often challenging milestone. A crucial aspect of this process is understanding what you can afford in terms of a monthly mortgage payment, which is closely linked to your income. Early in your home buying journey, visiting a lender to get prequalified for a mortgage is […]

Purchasing a home marks a significant milestone in anyone’s life, but navigating the mortgage application process can be intimidating if you’re unsure about what to anticipate. Whether you’re inquiring about a mortgage through a bank, credit union, or another financial institution, all lenders will scrutinize specific qualifying criteria before granting approval for your home financing […]