1. What Is Private Mortgage Insurance (PMI)?

    When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mo…Read More

  2. Buy A House With ZERO Down!

    USDA home loans offer 100% financing, low rates, and affordable payments. These loans are becoming more popular by the day, as buyers discover an easier way to buy a home with zero down payment. The United States Department of Agriculture (USDA) sets lending guidelines for the program, which is w…Read More

  3. Mortgage Broker VS Mortgage Banker

    Mortgage Banker:  An ambiguous* sales person working for and representing one retail lender, rather than the consumer. am·big·u·ous– unclear or inexact because a choice between alternatives has not been made. Mortgage Broker:   A transparent* educator working for the consumer versus on…Read More

  4. Refinancing Still Makes Sense for Many

    Everyone is watching the Olympics, and many refinancing is not a huge priority. Why would anyone even think of refinancing their mortgage in the middle of winter, after rates have gone up slightly? Yet American Mortgage Corporation is fielding calls from plenty of borrowers looking to do exactly tha…Read More

  5. Mortgage rates highest level since April 2014

    The 30-year fixed mortgage rate surged in the week ending Feb. 15 to reach its highest level since April 2014, according to the Primary Mortgage Market Survey released by Freddie Mac. The 30-year fixed-rate mortgage averaged 4.38%, with an average 0.6 point, an increase from the 4.32% average in the…Read More

  6. Mortgage or Marriage? Which Comes First?

    According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly hou…Read More

  7. Where Are Mortgage Rates Headed in 2018?

    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Ec…Read More

  8. Renting Or Buying, Either Way You’re Paying A Mortgage!

    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magaz…Read More