Market Update Hi, Matt Padgett with Keystone Mortgage. Hope you’re having a great week. Wanted to give you an update – a market update from the mortgage side. Mortgage rates for purchases are still really really low and we are still getting people in houses every single day. People are actually finding houses now which…
It’s A Great Time to Refinance Hi, I’m Matt Padgett with Keystone Mortgage. Hope you’re having a great week. I wanted to let everybody know out there that interest rates for mortgages are continuing to stay at levels that we haven’t seen in a couple of years. So, if you’re thinking about refinancing – now…
High Market-Low Interest Rates Hi, I’m Matt Padgett with Keystone Mortgage. The purchase market — the home buying market is still really strong. In addition to that what we’re seeing is interest rates have dropped and for those people who already have a mortgage, it’s a great time to get a lower rate. It’s a…
Market Changes Hi, I’m Matt Padgett with Keystone Mortgage. I hoped you’re having a great week. If you’ve been paying attention to the financial news or the financial news channels, you know that interest rates are going up. Why are rates going up? Well, the stock market has been an all-time high this year…
House Renting vs Owning Hi, I’m Matt Padgett with Keystone Mortgage. For all of you renters out there, it is a fabulous time to buy a house. It actually costs more to rent the same sized house than it would to buy it, in some cases hundreds of dollars a month. Interest rates are low,…
The types of mortgage loans that you can receive are in part determined by your credit score. There are three major credit bureaus that keep track of your history of credit and issue three different credit scores. Your mortgage loan officer will use the middle of these three scores. So how good does your credit…
The role of a mortgage broker is to find and secure a loan that matches your needs. There are many different loans available for many different people – the loan package that a mortgage broker secures will be unique to your needs. A mortgage broker brings professional knowledge and experience into the process of getting…
A good down payment can save you money in the long run. The traditional rule of thumb has been 20% down on a house. Putting at least 20% down can help you in several ways: 1. Private Mortgage Insurance (PMI) Any borrower who puts down less than 20% is required by the lender to carry…
If an open house is the equivalent of a test drive when shopping for a home, then a home inspection is like taking a look under the hood. Once you’ve found a home you’d like to purchase, you will need to sit down at the negotiating table. In your agreement with the sellers, one of…
Saving for a down payment can be one of the biggest barriers to home ownership, and with lenders tightening credit over the past few years, a substantial down payment is even more crucial to securing a home loan. However, that’s not to say you cannot secure financing without a large upfront investment. Many mortgage lenders…