According to the Mortgage Bankers Association (MBA), applications for home loans increased by 0.9% for the week ending December 16 compared to the previous week. As per the MBA’s Market Composite Index, a measure of mortgage application volume, the home loan applications surged by 0.9% on a seasonally adjusted basis from the previous week. However, […]
Loan Applications Surge as Interest Rates Fall! Read More »
In a fixed-rate mortgage or “FRM” loan, a fixed rate of interest means that the rate of interest remains the same for the full tenure of your home loan. This, in turn, means that your EMI (the principal and interest component) remains the same. On the contrary, an adjustable-rate mortgage (ARM) keeps fluctuating according to
Fixed Mortgage Rates (FRM) vs. Variable/Adjustable Mortgage Rates (ARM) Read More »
Buying a home is possibly one of the most important financial decisions of your life. However, before you start shopping for your dream house; a few considerations can make the process a lot smoother. Getting started on a pre-approved mortgage process is one. A pre-approved mortgage is a loan that is sanctioned by the lender
Pre-Approved Mortgage: 3 Reasons Why You Should Get It before Buying a Home Read More »
