When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. These may be rates that seem too good to be true, and you may gladly contact the lender or mortgage company to complete your loan application. However, in many cases, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate. By learning more about the factors that influence your interest rate, you may be able to structure your loan in a more advantageous way.
What’s Ahead For Mortgage Rates This Week – September 19, 2016
Last week’s economic news included reports on retail sales, inflation, and weekly reports on mortgage rates and new jobless claims.
Investing in a Vacation Property? Learn What You’ll Need to Have to Get A Mortgage Approved
While a second home can seem like a great purchase and solid investment opportunity, there are different requirements that go into this type of purchase. If you’re considering a vacation home, you may want to be aware of the following financial factors.
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