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Mortgage and Lending - ChangeMyRate.com® A Mortgage Corporation - NMLS #1326269
RECENT BLOG POSTS
Mortgage rates moved dramatically throughout the pandemic. In the early phase of the health crisis, mortgage rates plunged to record lows. During the recovery stage, they hit pre-pandemic levels, then kept rising.But why have rates moved so dramatically? And what drives mortgage rate movements? T...
03/22/2022
Your credit score is one of the largest contributors toward your loan approval. This three-digit number is compiled with information from your credit profile factors in various attributes from your credit history. What can improve or damage your scores? The most important piece to the puzzle is y...
03/19/2022
First-time home buyers are likely to be feeling the stress of a highly competitive market—even before they start house hunting.A new Rocket Mortgage survey of more than 800 prospective home buyers revealed the items during the purchasing process that stress out first-time buyers the most. The big...
03/18/2022
A cash-in refinance lets you refinance your mortgage into a new loan with a lower principal balance.When interest rates are low, you may be thinking about refinancing your home mortgage. Refinancing can lower your monthly payments or help you save on interest over the life of the loan.But lenders...
03/13/2022
When you're in the process of shopping for a mortgage, your lender may present you with the option of buying discount points. What are points, and should you buy them? Learn how discount points affect your mortgage and when you should consider buying them.What Are Discount PointsDiscount points a...
03/09/2022
If you are a homeowner and COVID-19 has made it difficult for you to pay your mortgage, utilities, property taxes, or other home expenses, financial assistance may already be available for you. The Homeowner Assistance Fund (HAF) was established by the American Rescue Plan Act to help homeowners ...
03/06/2022
If you have an FHA home loan and are considering refinancing it, you might be interested in the FHA Streamline Refinance loan. An FHA Streamline Refinance is a reduced-paperwork loan that’s generally easier to get than a conventional refinance. And you may not need to get your home appraised in o...
03/05/2022
Mortgage rates in the U.S. have risen this year and are expected to continue doing so, but the conflict between Russia and Ukraine could throw a wild card into those projections.The 30-year fixed-rate mortgage climbed by 37 basis points over the first two full weeks of February, according to Fred...
03/03/2022
Buyers are getting preapproved for mortgages to better compete in a fast-paced housing market and to be mortgage-ready as soon as they are ready to make an offer. However, preapproval doesn’t lock in their mortgage rate, which can continue to rise.Some buyers are finding that after their offer is...
03/01/2022
The 30-year fixed-rate mortgage reversed course this week and decreased to an average of 3.89%, Freddie Mac reports. However, with expectations of even higher inflation on the horizon, mortgage rates likely will resume their upward trek over the coming weeks, Nadia Evangelou, senior economist and...
02/26/2022
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