Lending Expert Blog

February 26, 2021

Home Refinance, Orlando, FL – When Does It Make Sense?

So, home refinance, Orlando, FL, is trending? Just because it is a hot topic does not mean you jump on the bandwagon. Remember, mortgage refinancing involves dealing with a handsome amount of money. It can impact your life for years, so you should do it the right way. With the help of a highly qualified broker, you can determine whether it is the right time to apply for refinancing. But when does it make sense to go for home refinancing? It does make sense if your goal is any of the following: Securing a lower interest rate Securing a lower interest rate is one of the most common reasons why many apply for refinancing. If, for instance, you can reduce […]
February 25, 2021

Mortgage Broker, Irvine, CA – Benefits, Duties, Fees

We often hear the line saying, “a mortgage broker can make you broke.” But that isn’t true. While you pay for the fees associated with the services that a mortgage broker, Irvine, CA, provides, the benefits far outweigh the charges. Here are some of the reasons why: Doing the legwork A mortgage broker, Irving, CA, is a licensed and regulated professional, serving as an intermediary who connects borrowers to lenders to seek out the best fit relative to the borrower’s unique financial situations. The job can involve plenty paper works, including the review of your financial information and documentation – income, assets, employment records, credit reports. Mortgage application assessment Like in any other application that involves some serious amount of […]
February 24, 2021

VA Loans, El Paso, TX – Why Applications Continue To Climb Despite COVID-19

Despite the worldwide havoc brought about by the COVID-19 pandemic, the applications for VA loans, El Paso, TX, continue to climb. In 2020 alone, the US tallied 1.2 million VA-backed loan originations – a whopping 11.4% increase from 2019. There are several reasons why the applications for VA loans, El Paso, TX, continue to soar, including the following: Reason #1: Blue Water Navy Vietnam Veterans Act of 2019 This new legislation went into effect on January 1, 2020, and has been considered one of the primary drivers why VA loans became more appealing in 2020. And why not? The law crosses out loan limits for most borrowers. Unlike before, VA borrowers who exceed maximum loan amounts do not need to […]
February 23, 2021

Home Loan Tucson, AZ – Factors Affecting Interest Rates

Are you planning to buy a new home and looking for a great deal on a home loan, Tucson, AZ? There are several considerations that you need to take into account to get the best offer available in the mortgage market. In this post, let us focus our discussion on several factors that affect interest rates. Get a good grasp of how these things play a role in your application for a home loan, Tucson, AZ. Credit score Credit scores typically range from 300 to 850. Of course, the higher your credit score, the better deal you can get. Mortgage experts recommend that borrowers should aim at credit scores 760 or up to qualify for the best interest available. So, […]
January 28, 2021

Mortgage Refinance, Destin, FL – How To Increase Your Chances Of Getting Great Deals

The current numbers show that mortgage refinancing rates continue to traverse in their downward trajectory. The average this week was, in truth, another historic low. And the market seems to agree with the trend as there’s a record number of borrowers refinancing their homes. In fact, according to the latest weekly survey conducted by the Mortgage Bankers Association, refinance applications are up at an astounding 124% from last year’s benchmark. So, the question then becomes: are you going to jump on the bandwagon? Should you consider applying for a home refinance? Below are the answers to the four frequently asked questions regarding mortgage refinancing that may help in your decision: Is mortgage refinancing a sound idea right now? According to […]
January 27, 2021

Why Work With A Mortgage Company, Austin, TX

For transactions that include a great deal of money, such as making a new home purchase and applying for loans to finance it, one must be serious about choosing an entity or person to work with the processes involved. When we look at the trend today, we can notice that many choose to work with a mortgage company, Austin, TX, for their home loan applications. But that should not come as a surprise, considering that there are plenty of benefits of having a mortgage company by your side versus doing it all alone – or with a mortgage loan officer. Why use a mortgage company, Austin, TX? Because they can give you mortgage brokers who: Are experts in doing the […]
January 26, 2021

Mortgage Broker, Chandler, AZ – How Borrowers Can Benefit From Using One

For transactions that involve some great value, such as making a new home purchase and applying for loans to finance it, one must be serious about choosing an entity or person to work with to deal with the processes involved. When we look at the trend today, we can notice that many choose to work with a mortgage broker, Chandler, AZ, for their home loan applications. But that should not come as a surprise, considering that there are plenty of benefits of choosing a mortgage broker today versus doing it all alone – or with a mortgage loan officer. Here’s why to work with a mortgage broker, Chandler, AZ: Expert doing the legwork Applying for a mortgage loan involves some […]
January 25, 2021

Mortgage Refinance, Newport Beach, CA – Four FAQs Answered

Mortgage refinance rates have dropped again to a historic low this week, prompting a record number of borrowers refinancing their homes. In fact, according to the latest weekly survey conducted by the Mortgage Bankers Association, refinancing applications are up at an astounding 124% from last year’s benchmark. So, are you going to jump on the bandwagon? Should you consider applying for a home refinance? Below are the answers to the four frequently asked questions regarding mortgage refinancing: Is mortgage refinancing a sound idea right now? According to Freddie Mac, the average interest rate on a 30-year, fixed-rate loan right now is 2.79% – that is over a full percentage point lower than it was a year ago. It speaks a […]
December 23, 2020

Your Mortgage Broker, Tempe, AZ Should Possess These Qualities

They say a mortgage broker can only make you broke. That can be true when you work with a mediocre one. On the flip side, working with a reputable mortgage broker, Tempe, AZ, can help you realize your mortgage goals. It takes working with the right broker to succeed. So, are you applying for a mortgage loan to help finance a new home to buy? This endeavor can be challenging, considering that a mortgage involves decisions that you cannot afford to fail. Or else, you will end up dealing with unfavorable financial implications that run for a long time. With the help of the best mortgage broker, Tempe, AZ, you will have higher chances to succeed in the mortgage market. […]
December 23, 2020

Three Valuable Qualities Of The Best Mortgage Company, Sarasota, FL

Buying a new home in Sarasota, FL, can be challenging because it involves making a big financial decision. A smart homebuyer understands that one of the crucial components of getting the best deal on a mortgage is to find the best mortgage company in the market. However, it is worth noting that not all companies offering mortgage loans are equally qualified. Some are just way better than others. Thus, one must be diligent when doing prior research before entrusting a mortgage loan application to any mortgage company, Sarasota, FL. To help you find the most qualified candidate, consider the following qualities: Expertise – one can gain this through a long industry experience. While it does not mean that a newcomer […]