We all want the lowest rate we can get on a mortgage. So what are the biggest factors togetting the lowest rate? Credit Score Credit scores can play a big role in your mortgage rate. Freddie Mac explains: “When you buildand maintain strong credit, mortgage lenders...
When most people start looking at the advantages of real estate investments, passive income emerges as the most popular reason investors jump into the property market. Property returns can aid you if you wish to accumulate funds for your retirement years, provide a...
An FHA Loan is a mortgage that’s insured by the Federal Housing Administration (FHA) and issued by an FHA approved lender. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers. who...
A conventional mortgage is a non-government loan that meets requirements set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. Conventional loans offer low interest rates to borrowers with good credit scores....
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly...
