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Housing

President Biden Proposes New $10,000 Mortgage Relief Credits

The Biden Administration has just unveiled a number of proposals to make homeownership more affordable.Aside from legislation to build and renovate more than...

Why Don’t Home Builders Lower Prices If Mortgage Rates Are Way Higher?

Lately, mortgage rates have surged higher, climbing from as low as 2% to over 8% in some cases.Despite this, home builders have been...

The Power of Extra Mortgage Payments

Mortgages can be viewed very differently.Some see them as a positive financial instrument, a way to free up their money so it can...

UWM Is Officially the Nation’s Largest Mortgage Lender

It’s official. United Wholesale Mortgage (UWM) is the nation’s largest mortgage lender.The Pontiac, Michigan-based wholesale lender took the top spot for all of...

What Is a Mortgage Loan Servicer? The Company That Collects Your Payments

Perhaps one of the most confusing aspects of getting a mortgage is knowing who you actually pay once the thing funds. And to...

Only Refinance Your Mortgage If…

How Much Lower Should Mortgage Rates Be to Refinance?Unfortunately there is no one-size-fits-all answer to this questionBecause no two loan scenarios (or homeowners)...

Which Is the Best Option Right Now and Why?

It’s time for another mortgage match-up: “Cash out vs. HELOC vs. home equity loan.”Yes, this is a three-way battle, unlike the typical two-way...

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

It’s time for another mortgage match-up: “15-year fixed vs. 30-year fixed.”As always, there is no one-size-fits-all mortgage solution because everyone is different and...

17 Important Mortgage Refinance Questions Answered

With mortgage rates no longer at or near record lows, the refinance question has become a lot more complex.It used to be a...

Mortgage Impounds vs. Paying Taxes and Insurance Yourself: The Pros and Cons

If you’ve been researching mortgages, or are in the process of taking out a home loan, you may have come across the term...