What Mortgage Rate Can I Get Compared to the Average Rate?

by mylenderjackie | Jul 7, 2020 | Loan Programs

Mortgage rates are lower than they have been in several years making this a really good time to apply for a mortgage and take advantage of lower payments. One thing applicants should be aware of though is that the national averages you see on the news and read about...

Tips for Scoring Lower Rates and Speedier Closings on Mortgages Right Now

by mylenderjackie | Jun 23, 2020 | Loan Programs

Obtaining a mortgage in the spring and summer of 2020 while many areas begin to slowly open up after pandemic shutdowns means longer wait times for the underwriting process and final approval as well as much tighter qualification standards. Right now lenders are...

Home Equity Loans Begin to Tighten Qualifications

by mylenderjackie | Jun 16, 2020 | Loan Programs

As the number of Americans out of work or laid off has grown to record numbers due to the coronavirus pandemic, a large number of homeowners are searching for ways to be able to simply cover their living costs. During this time there has been an increase in owners...

What is a HELOC? Pros and Cons

by mylenderjackie | May 19, 2020 | Loan Programs

Since the beginning of the COVID-19 pandemic, more people have been looking into different ways to cut their cost of living to meet their income. One of the most common ways is to find a solution with their home. A significantly large number of people have been...

Pros and Cons of an Adjustable Rate Mortgage

by mylenderjackie | Mar 24, 2020 | Loan Programs

An adjustable-rate mortgage, also referred to as an ARM, is a home loan with a fixed rate for the first few years that switches over to an adjustable rate. The beginning fixed-rate period can be anywhere from the first three to ten years of the loan. This differs from...

7 Tips to Help Reduce Closing Costs

by mylenderjackie | Feb 19, 2020 | Loan Programs

7 Tips to Help Reduce Closing Costs – Closing costs are the fees associated with wrapping up and finalizing your mortgage loan. While there is no way to completely avoid paying them, there are some ways that you can pay less closing costs. There are some...