30-year Mortgages vs. 15-Year Mortgages
The majority of American home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve…
Fixed Rate Mortgages articles
Articles about fixed rate mortgages: explore the explanations and comparisons below.
Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?
When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage…
How the New Fed Policy Will Affect Your Mortgage Rates
The U.S. Federal Reserve recently announced its new approach to monetary policy, setting the markets abuzz with rumors. Will mortgage interest rates remain low? Will…
How to Calculate Your Debt-to-Income Ratio
When you are ready to apply for a mortgage loan, your lender will ask you for all sorts of financial information. One of the things lenders do with this data is to…
Jumbo Loan Basics
The majority of homes around the country are purchased with the aid of traditional, conforming mortgage loans. Yet when home prices rise quickly, many markets have…
Should I Refinance into a 15-year Mortgage Now?
Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying…
What Are Mortgage Points?
If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these points and…