by Ed & Barbara Heiser | May 11, 2018 | Mortgage Rates
Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders,...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Rates
The difference between APR and actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before. When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Rates
Timing the market for the opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for the professionals. While there are several generic interest rate trend indicators online, the difference between what’s advertised and actually...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Closing Process
What the heck are they talking about? Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek. Even though you may have put your trust in your real estate and mortgage team, it helps to...
by Ed & Barbara Heiser | May 11, 2018 | Mortgage Approval Process
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout the approval and home buying process. Understanding the...
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