Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
Our Home Equity Line of Credit (HELOC) program with third position options is an exceptional way to access more funds and manage your financial goals. A third position HELOC allows you to borrow additional funds using your home’s equity, even if you’ve already utilized your first and second mortgages. Why...
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Published on: 2025-03-10
Source:
Mortgage Depot
Just a week after Rocket Mortgage exited Canada, parent company Rocket Companies has announced its intent to acquire Redfin. The Seattle, WA-based real estate brokerage is one of the largest in the United States, as well as the most visited real estate platform on the web. The acquisition will give...
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Published on: 2025-03-10
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The Truth About Mortgage
One of the oldest and largest credit unions in the nation, Navy Federal FCU, happens to be a big player in the home loan space. Instead of just offering the same mortgages every other bank has readily available, they go a step further with their own unique offerings. This includes...
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Published on: 2025-03-07
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The Truth About Mortgage
Tomorrow is a big day for mortgage rates, potentially. I say that because tomorrow is the release of the monthly jobs report from the Bureau of Labor Statistics (BLS). Known as the Employment Situation, it details how many jobs were added in the prior month, in this case February. It...
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Published on: 2025-03-06
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The Truth About Mortgage
As we head into 2025, the housing market is expected to face shifts that could impact homeowners and buyers alike. If you’re planning to buy, sell, or refinance, understanding how these changes will affect your mortgage is key. Here’s a look at what’s on the horizon: 1. Interest Rates: Higher...
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Published on: 2025-03-06
Source:
Mortgage Depot
There’s been a lot of optimism about mortgage rates under Trump. After all, rates have fallen for the past six weeks from around 7.25% to 6.75%, which a pretty decent run. It feels as if the campaign promise to lower interest rates wasn’t just talk, but is actually real. But...
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Published on: 2025-03-05
Source:
The Truth About Mortgage
It’s time for yet another mortgage match-up, so without further ado, here’s a biggie: “Renting vs. buying a home.” Or a townhouse for that matter… This is certainly an intimidating question, and one that’s difficult to sum up in one post, but I’ll do my best to cover as many...
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Published on: 2025-03-04
Source:
The Truth About Mortgage
Today was yet another good day for mortgage rates, which came down an additional 10 bps (0.10%), per the latest daily survey from Mortgage News Daily. The 30-year fixed now sits at around 6.625%, which is the lowest level seen since early October. It’s down from around 7.25% in mid-January,...
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Published on: 2025-03-04
Source:
The Truth About Mortgage
It’s no secret mortgage rates are falling. I’ve argued they never really stopped falling since the 30-year fixed hit 8% back in late 2023. But there have been periods where rates increased quite a bit along the way, putting that theory into question. Lately, it’s been nothing but roses for...
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Published on: 2025-03-03
Source:
The Truth About Mortgage
Nadine Alexandre is a seasoned mortgage professional whose deep industry knowledge and leadership make her an invaluable asset to MortgageDepot. As a Branch Manager and Mortgage Loan Originator (MLO), she combines strategic business development skills with hands-on mortgage expertise to ensure exceptional service for clients and a thriving team environment....
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Published on: 2025-02-28
Source:
Mortgage Depot
What a run it has been for mortgage rates lately. In just the past six weeks, the 30-year fixed has fallen about half a percentage point. At last glance, the 30-year fixed is hovering around 6.75%, down from 7.25% as recently as mid-January. Mortgage rates are currently enjoying some tailwinds...
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Published on: 2025-02-28
Source:
The Truth About Mortgage
To mortgage folks across the country, it’s an age-old question: “Lock or float?” It’s a question loan officers and mortgage brokers get asked on a daily basis, often over and over again by panicked borrowers and first-time home buyers. And it might just be the most important answer you come...
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Published on: 2025-02-26
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The Truth About Mortgage
When it comes to buying a home, securing a favorable mortgage rate can significantly impact on your long-term financial health. Understanding the factors that influence mortgage rates can help you make informed decisions and increase your chances of getting the best possible deal. In this article, we’ll dive into what...
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Published on: 2025-02-26
Source:
Mortgage Depot
It’s been a great week for mortgage rates. You can’t argue that. The 30-year fixed is now averaging around 6.80%, down from over 7% a week ago. Aside from the psychological win of dropping the 7 for a 6, rates are now nearly the lowest they’ve been since December. There’s...
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Published on: 2025-02-25
Source:
The Truth About Mortgage
It’s the fastest-growing debt in America—student loans.1 Right now, student loan debt is sitting at an all-time high of $1.58 trillion, and around 45 million Americans currently have student loans.2,3 Wowza! In fact, most college students (65%) graduate with student loans.4 And the average student loan debt per borrower is...
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Published on: 2025-02-24
Source:
Ramsey Solutions
As anticipated, mortgage rates are back below their year-ago levels. I had suspected they would be, despite a rough couple of months pre- and post-election. There’s been a lot of uncertainty lately, but bond yields have also cooled thanks to friendlier economic data and a reprieve on most tariffs. Mortgage...
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Published on: 2025-02-20
Source:
The Truth About Mortgage
Mortgage Q&A: “How to pay off the mortgage early.” If you’re looking to pay off your mortgage quickly, now might be a good time to do so because mortgage interest rates are no longer rock bottom. However, if you’ve had your existing mortgage for a while, there’s a good chance...
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Published on: 2025-02-20
Source:
The Truth About Mortgage
We are excited to celebrate another major achievement by Benjamin Kaziyev, a dedicated Mortgage Loan Officer (MLO), who recently closed a challenging loan for a borrower purchasing a co-op in Great Neck, Long Island. This loan presented unique hurdles, as the borrower had no consistent income, working various odd jobs paid...
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Published on: 2025-02-18
Source:
Mortgage Depot
If you’re thinking about buying or selling a house right now, you’re not alone. The housing market has seen a lot of unusual trends in the past couple years, so it makes sense that you’d want the latest update on what’ll happen in the market before you decide to buy...
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Published on: 2025-02-13
Source:
Ramsey Solutions
As a top mortgage company in New York, we offer the physicians mortgage program nationwide. There is a big demand for these types of loans. Not many lenders offer discounts to physicians or dentists. Here is what you need to know if you are looking for mortgage financing. Up to...
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Published on: 2025-02-11
Source:
Mortgage Depot
No matter where or how we shop, spending money on random stuff is always a temptation. I’m looking at you, $100-Target-run-disguised-as-a-quick-trip-for-shampoo. And don’t get me started on the aisles right next to the store’s checkout lane. Mini hand sanitizers, minty-fresh gum and that magazine with the latest news on the...
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Published on: 2025-02-10
Source:
Ramsey Solutions