In this blog, we will cover and compare ARM versus Fixed-Rate Mortgages when buying and refinancing a home. Most mortgage loan programs, whether it is FHA-insured mortgage loans or conventional mortgage loan programs offer adjustable rate mortgages and fixed-rate mortgages. There are pros and cons of ARM versus fixed-rate mortgages. Is it Better to Get…
This guide covers the fastest and easiest way to increase credit scores to get the best mortgage rates. We get countless calls from our viewers at Gustan Cho Associates asking about the fastest and easiest way to increase credit scores. Credit scores fluctuate depending on the activity on consumer credit reports. The team at Gustan…
In this article, we will cover credit scores increased during underwriting process. If credit scores increased during underwriting process, the borrowers could lock the loan with the higher credit score. One of the frequently asked questions at Gustan Cho Associates is will I get a lower rate if credit scores increased during underwriting process? Credit…
In this blog, we will cover and discuss the meaning of the buyers market versus the sellers market in real estate. The team at Gustan Cho Associates has been following the housing market for over a decade, and we are in some unprecedented times. In this blog, we will give our readers an update on…
In this blog, we will be talking about how interest rates affect the housing markets. The team at Gustan Cho Associates is constantly monitoring the health of the mortgage market. If you have been following the news, there have been many recent updates surrounding the housing market and the overall financial markets. In this blog,…
This guide covers the loan-level pricing adjustments of mortgage rates with low credit scores. Borrowers will get higher mortgage rates with low credit scores. Lenders will hit borrowers with higher mortgage rates with low credit scores. There are no prior adjustments for prior bad credit, late payments, bankruptcy, or foreclosure. On government loans, credit scores…
This ARTICLE On 2020 Mortgage Interest Rates Forecast On Home Loans Was PUBLISHED On March 20, 2020. The stock market has been extremely volatile in the past three weeks due to uncertainty and fear from the coronavirus. The financial market is a great predictor of the economic impact of the near future The markets will…
In this article, we will discuss and cover adjustable-rate mortgage interest rates. Let us help figure out what is best! And if an ARM, Adjustable-Rate Mortgage is what is needed, please read on. In this article, we will discuss and cover the benefits of ARMs versus fixed-rate mortgages. What Is Best To Use Adjustable-Rate Mortgage…
In this blog, we will cover and discuss buying down interest rates with discount points on mortgage loans. Lenders will charge higher mortgage rates to those seeking a home loan with bad credit, especially for conventional mortgage programs. Conventional mortgage programs are extremely credit-sensitive. Credit Scores Versus Pricing on Mortgage Rates The minimum credit score…
This guide covers mortgage rates on FHA vs conventional loan rates. Mortgage rates on FHA vs conventional loans have been steady for the past year. Mortgage rates on FHA vs conventional loans have been historically low. This is due to HUD, the Federal Housing Administration (FHA) parent, guaranteeing FHA loans. In general, mortgage rates on…
This blog will cover how lenders price mortgage rates versus credit scores. All mortgage companies will price mortgage rates versus credit scores. The higher a borrower’s credit scores are, the less risky the borrower is. This is how lenders view borrowers with higher credit scores. There is a pricing adjustment on mortgage rates versus credit…
This guide covers how the Federal Reserve Board affects mortgage rates. Information received since the Federal Open Market Committee met last quarter indicates that economic activity is expanding moderately. Federal Reserve Board affects mortgage rates whenever there is good news in the economy. Mortgage interest rates normally go up. Inflation has been running below the…
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