Home Mortgage Financing

What Mortgage Options are Available That Fit You Best?

The Consumer Financial Protection Bureau website has really great tools to help home buyers understand the mortgage process, what interest rates are available for borrowers in similar situations, and how to shop around to find the best financing program for your needs.

Learn how your choice of mortgage affects the amount you’ll pay, what options are best for your situation, and how to get the best deal.  Learn more about loan options here.

Use their tool to check interest rates for your unique situation.  

The CFPB website is a good place to start when learning about buying and financing a home. It's a site for consumers, and they are not selling you anything . . . simply providing helpful information to people who want to understand the mortgage process and their options.

Of course, we're here to help with all your questions, so contact us anytime for assistance. We have been helping buyers buy and sellers sell for 50 years!  We can help you!

Monthly Mortgage Payments Are Becoming More Affordable

The monthly mortgage payment made by the typical home owner is becoming more affordable, according to information from real estate data firm CoreLogic. The “typical mortgage payment”, or the monthly principal-and-interest payment on the nation’s median-priced home, fell year-over-year again this June after doing so for the first time in nearly three years in May. What's behind this welcome increase in affordability? A combination of falling mortgage interest rates, slowing home price growth, and rising income among buyers.

3 Simple Strategies for a (Nearly) Perfect Credit Score

If you have a credit score of 850, then congratulations! You are one of the just 1.4% of Americans who have climbed to the fabled plateau of the "perfect score". Luckily for the other 98.6% of us, a perfect score isn't really necessary for getting the best interest rates on mortgages. In fact, a score of 760 is typically the lower limit for banks to offer you the best rates. Although 760 can still seem impossible if you have struggled with your credit in the past, a few simple tips can quickly right the ship and get you back on track.