Rate vs. APR: Why the Lowest Rate Isn’t Always the Best Deal
When you’re shopping for a mortgage, it’s easy to fixate entirely on the interest rate. While that number dictates a huge chunk of your monthly payment, it doesn't give you the whole picture. To find out what a loan is actually costing you over time, you need to look at the APR (Annual Percentage Ra
"Portable Mortgages": Breaking the Rate Lock
For the past several years, many homeowners have found themselves in a golden cage of sorts. They are holding a once-in-a-lifetime 3% mortgage rate (or less) while today’s market averages remain significantly higher. This "locked-in effect" has stifled local inventory, but a new government proposal
What are assumable mortgages?
Assumable Mortgages: A Smart Way to Buy a Home with Lower Interest Rates When you're buying a home, finding the right financing option is crucial. With so many loan types out there, it can be overwhelming to figure out which one suits your needs best. One option that not many buyers are aware of is
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