It is important to lock in your interest rate at the correct time. Good timing on an interest rate lock can save you thousands of dollars. Interest rates change daily so the longer a lender locks in a rate, the more risk that they have the market will move against them. Therefore you will have [...]
A conventional mortgage loan is a type of home loan that meets certain standards set by the United States government. These type of home loans however are not guaranteed or insured by the government. conventional loans are basically any loan that is not an FHA loan or a VA loan. About 35% to 50% of [...]
Deciding how much down payment to pay on your home mortgage affects many aspects of purchasing a home. Before you talk to a realtor or call about a home listing you should figure out how much money you can pay down on your home. Your down payment can affect your interest rate, the amount of [...]