Which is better arm or fixed mortgage? Mortgage Guide This means that the monthly payments can go up or down. Generally, the initial interest rate is lower than...
Should I refinance out of an ARM? Mortgage Guide While refinancing your ARM has a lot of potential benefits, there are some downsides to consider as well. Upfro...
Do I need to use a mortgage broker? Mortgage Guide Although lenders and brokers must offer advice in almost all cases, you might be able choose to reject the ad...
What is today's mortgage rate? Mortgage Guide The average 15-year fixed mortgage rate is 3.17 percent with an APR of 3.35 percent. The 5/1 adjustable-rate mortg...
Is it better to use a mortgage broker or lender? Mortgage Guide While using a mortgage broker seems like it would save you money because they have access to man...
Do mortgage brokers make good money? Mortgage Guide Mortgage brokers work with homeowners and homebuyers. ... Like most sales professionals, mortgage brokers ch...
Is a 5'1 arm a good idea? Mortgage Guide The advantage of a 5/1 ARM is that during the first phase, you get a much lower interest rate and payment. If you plan...
How much does a mortgage broker make per loan? Mortgage Guide On average, this compensation can range from roughly 50 basis points (0.50% of the mortgage amount...
Why is an arm a bad idea? Mortgage Guide Adjustable-rate mortgages aren't for everyone, and can be a very bad idea for some people. ... The advantage of an ARM...
Should I refinance into an ARM? Mortgage Guide Should I refinance into an adjustable rate mortgage. ... But there can be times when an ARM is a smart choice. St...
Do mortgage brokers assume risk? Mortgage Guide Mortgage banks assume all risks of loans they make, should the loans develop problems. Correspondent lenders do...
Is buying mortgage points worth it? Mortgage Guide Paying points to get a lower rate on a mortgage is almost always a losing proposition. That's because most ho...
Is mortgage broker a good career? Mortgage Guide Is Mortgage Broker a Good Career? ... According to the Bureau of Labor Statistics (BLS), the career will have a...
Can mortgage brokers work from home? Mortgage Guide Mortgage brokers often work out of their home or car, visiting offices or homes of clients while completing...
What is a 15 1 ARM mortgage? Mortgage Guide A 15/15 ARM offers a unique opportunity to secure a lower interest rate than a 30-year fixed rate mortgage for a lon...
Who pays a mortgage broker?Unlike loan officers, mortgage brokers don't work for banks. They operate independently and must be licensed. They charge a fee for t...
Before you commit to a lender, ask these 10 questions of your potential mortgage broker. If you don't like the answers you receive, continue shopping for a loan...
The 10 Best Mortgage Lenders of 2019
Make sure to get your loan from one of these top providers
Choosing the right mortgage loan is important. Your mortgage n...
