What Is An Assumable Mortgage?
Navigating the World of Assumable Mortgages: A Homebuyer’s Guide When it comes to buying a home, the financial aspects can be as complex as they are critical. One option that might not be on every buyer’s radar is the assumable mortgage. This financial...Mortgage Rates Decreasing
Mortgage rates have been on a bit of a roller coaster this year, and if you’re trying to keep track without getting lost in the jargon, you’re not alone. Let’s break it down into plain speak. First off, mortgage rates started the year on the high...What Is A Temporary Rate Buydown?
Great question! Buying down the rate can lower the rate permanently (for the entire life of the loan) or temporarily, for the first year or two. Let’s explore temporary rate buydown options. A 2/1 mortgage rate buydown is a type of financing arrangement that...What Is A Temporary Rate Buydown?
Great Question! A temporary rate buydown is a way to lower the interest rate on a mortgage for a short period of time, usually one to three years. This can make the monthly payments more affordable for the borrower, especially in the beginning of the loan term....Should I Pay More To Get a Lower Mortgage Rate?
Buying down your mortgage rate means paying an extra fee at closing to get a lower interest rate and monthly payment on your loan. This can be a good option for some homebuyers, but it also has some drawbacks. Here are some of the pros and cons of buying down your...
Carlie Clemens Mortgage Loan Officer NMLS 1733060
David H. Steinbrugge