Testimonials

“Being a first time homebuyer, I shopped around to make sure I got the best rates. I came across Ratewinner from an internet site and was very pleased with the services they Read full testimonial…

mortgage

Payment Calculator

This calculator helps you determine your monthly payments for a mortgage loan.




Why Are 30-Year Mortgage Rates So Popular?

This last week the interest rate on a fixed-rate 30-year mortgage rose a very small amount, so it now sits at 4.86%. Despite being a slight increase when going week-to-week, this is nearly a full point higher than the interest rates on the same mortgages a year ago says Freddie Mac.

These higher interest rates change the entire home buying process, particularly the part where potential purchasers weigh out the real costs of borrowing from lenders. In fact, some real estate markets have begun to see dips in both prices and sales because of rising interest rates.

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Are Rising Mortgage Rates Scaring New Buyers?

It comes as no surprise that rising mortgage rates are impacting purchasing power. A recent study released by Realtor.com shows just how much monthly home loan payments are rising – and the results aren’t very pretty.

Rising costs are obviously restricting the ability of many potential purchasers to afford a new home of their own. Others are being scared away from taking on a home loan thanks to an unstable market. The question becomes if rates continue to rise, will homeowners really be able to afford their loans?

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Is A New Credit Scoring System on Its Way?

A new credit scoring system could make it easier for some select groups of people to obtain a mortgage or any other loan. This applies mostly to people with FICO credit scores ranging between five and six hundred, as well as those who have no (or little) credit history.

The new credit scoring comes by the name of UltraFICO. It is a new scoring system that allows consumers to establish credit based on their savings and banking activity versus the traditional approach, which exclusively used loans (like mortgages and car loans), credit cards, and other forms of debt.

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Are Retirees Having A Hard Time with Financing?

Once employment earnings cease, retirees tend to take a decently sized drop in their incomes. Social security benefits, for example, are but a small percentage of what retirees once made, while pensions are hardly heard of anymore.

The difference, however, is that retirees could potentially have hundreds of thousands of dollars stored away in their IRAs, 401(k)s, personal savings accounts, or other sources. Yet these same people sitting on substantial nest eggs are often shot down when they try to get a new mortgage or refinance their current ones. The reason? They just don’t have a high enough monthly income.

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

With Interest Rates on the Rise Now is the Time to Buy or Refinance

Now could be a good time for some mortgage holders to refinance their loans. Unfortunately, that opportunity might soon slip away.

In fact, borrowers taking out new loans right now are still paying more than they would at this time last year. BUT if you can save even one percent on your mortgage rate it would be worth refinancing. Why? Rates are only going to keep going up.

How Much Can You Really Save?

New home buyers will definitely want to jump on a mortgage before the rates rise anymore, but what about those looking to refinance? How much can you actually save by refinancing right now?

read more

Share this page Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Get a Mortgage Quote Now





Protected with 256 bit SSL

Call Us Today

888-262-0715

Talk to a mortgage expert now!

Chat with Us Online

Start Chat

Rate Watch

Get the latest rates emailed to you daily

trusteverisignmcafee