Recent News

The Appeal Of The “Cash-Out” Refinance

The cash-out refinance is back. With mortgage rates low and home values rising, homeowners reason and opportunity to cash out their real estate holdings.

New FHA Rules Affect Approvals, Alter Income & Debt Calculations

The FHA changed how it treats overtime income, part-time income, and gift funds; and, also how it treats student debt and loans for cars. This is big news for buyers of homes.

VA Home Loan – Mortgage & Refinance Programs

About the VA Loan Guaranty Program from the Department of Veterans Affairs. Program details plus today's live VA mortgage rates.

Mortgage Rates Today – Should I Lock Today’s Rate?

Current mortgage rates and mortgage market movement. Today's mortgage rates and mortgage news. Live rate quotes available. News and data provided by MBSQuoteline, a real-time mortgage market data service available to loan officers, real estate agents, and other finance professionals.

Huge HARP Refinance Savings Not Enough To Sway Homeowners?

The monthly savings are huge, but that's not swaying today's HARP-eligible homeowners. Should you take advantage of the program, or take a pass? Read more.

Today’s Mortgage Rates Create Obvious Purchase, Refinance Opportunities

Mortgage rates are the lowest in 5 months, changing the math of "Should I buy a home?" and "Is now a good time to refinance?". What's your next best move?

VA Personal Story: Navy Veteran Encourages Others To Explore VA Home Loan Benefits

Meet Navy veteran Mike Davis, his wife Andrea, and Mr. Boo & Peanut. Mike, an attorney, used the VA Home Loan Guaranty program to buy a California bungalow.

Mortgage 101: What It Is, Getting Approved, & Today’s Mortgage Rates

Brief, simple-to-understand explanation of a mortgage and how to get approved. Real-life examples included, plus access to instant rate quotes.

Changing Your Credit Score Using “Authorized User” Accounts

Authorized User accounts can affect your credit score -- good or bad. Know how they work, and how to work them to your advantage. Improve your FICO today.

Mortgage Rates Plunge To 6-Month Low After September Jobs Report

The September Non-Farm Payrolls report fell short of expectations, causing some to wonder whether the Fed will still raise rates after its October 27-28 2015 meeting.

VA Personal Story: Air Force Veteran Uses VA Loan For Family Of 8

Meet Air Force veteran David Dei Rossi, his wife Cindy, and their six children. David used the VA Home Loan Guaranty program to buy an 8-person -home in California with zero money down.

VA Personal Story: ‘Jet Mech’ Uses VA Loans To Become Homeowner, Real Estate Investor

Meet Air Force veteran Howard Lovely. Howard used the VA Home Loan Guaranty program to buy his first home, and is making the program part of his retirement plans.

From Freddie Mac, What’s The Mortgage Payment For Fixed-Rate Loans, ARMs?

Mortgage rates dropped again this week. What should you expect to pay for your mortgage, whether fixed-rate or ARM? Analysis & access to today's live rates.

Home-Buying Power Rockets To 70% Above Historical Average

When mortgage rates drop, it changes the answer to "How much home can I afford?". Deciding what you can afford, plus a live look at today's interest rates,.

How Much Money Do I Need To Buy A Home?

Home buying costs vary from zero dollars to tens of thousands of dollars, depending on your loan and whether you're using seller concessions. Read more.

Looking for low mortgage rates today? You're not alone. Millions of U.S. consumers shop for mortgage rates annually. Some get the lowest mortgage rates available and others overpay.

Shopping for a mortgage can be a challenge. This is because mortgage rates change all day, every day. Plus, there's no formula to show where rates will go next.

Mortgage rates can change up to 5 times daily, reacting to world news, economic events, and Wall Street sentiment. The rates you see from a lender in the morning are rarely the same rates that you'll see in the afternoon. And, certainly, by the next morning, mortgage rates have changed again.

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As mortgage rates have dropped since 2009, tens of millions of U.S. homeowners have refinanced their homes. To "refinance" is to replace your current mortgage with a new one -- often one with a lower mortgage rate.

Refinances come in three main varieties -- the cash-out refinance, the cash-in refinance, and the rate-and-term refinance.

With a cash-out refinance, a homeowner converts home equity into cash, with no restrictions on how the cash is used. Some homeowners use cash-out mortgages to pay for home repairs; or, to pay for a college or post-graduate education; or, to fund downpayments for a future home purchase.

Cash-in refinances are the opposite of cash-out refinances. With cash-in refinances, homeowners lower the amount owed on the home -- often to eliminate mortgage insurance or to get access to lower mortgage rates. Less than 5 percent of all refinances are of the cash-in variety.

The most common refinance type, then, is the rate-and-term refinance.

In a rate-and-term refinance, the homeowner lowers its loan's current mortgage rate; shortens its loan's term (i.e. length in years); or, does both. An example of a rate-and-term refinance is lowering your mortgage rate from 6% to 4%.

Rate-and-term refinances are available for all loan types, and some versions are "branded", as with the FHA Streamline Refinance and VA Streamline Refinance (IRRRL) programs. The Home Affordable Refinance Program (HARP) is also a rate-and-term refinance program.

At today's mortgage rates, the typical refinancing homeowner can reduce monthly payments by one-fourth.

Banks are making it easier to get approved for a mortgage today, which is great news for US. home buyers. Low- and no-downpayment mortgages are more abundant than during any period in the last 10 years; and, mortgage rates today are lower than they've been in history.

For buyers with a budget and a plan, buying a home has never been easier.

Home shoppers who want to make the smallest downpayment possible have access to the VA loan and the USDA loan -- both of which allow for 100% financing. Backed by the Department of Veterans Affairs and the U.S. Department of Agriculture, respectively, these programs require no downpayment whatsoever and provide flexible approval standards for eligible buyers.

Today's buyers also have access the FHA mortgage which requires just 3.5% down. The FHA is the world's largest insurer of mortgage loans and mortgage rates for FHA mortgages rival the mortgage rates offered on conventional loans backed by Fannie Mae or Freddie Mac.

Meanwhile, for buyers making a downpayment of twenty percent or more, mortgage options are plentiful, including access to construction loans for financing home improvements.

First-time buyers, repeat buyers, and real estate investors are benefiting from today's low mortgage rates and access to a wide array of products.