Mortgage Rates Rising!
Mortgage rates have spiked up to almost 7%, the highest level over a decade, causing concern among homeowners and potential buyers alike. Inflation is a crucial factor impacting mortgage rates and the real estate market, and it’s essential to understand the implications of these trends. This article will explore why mortgage rates have spiked, how […]
“No Cost Loan?” There’s No Free Lunch!
Over the years, lenders have marketed a specific type of loan generically known as a “No-cost loan.” There is no free lunch! What do I mean by that? First, there are many costs associated with originating the loan. It includes: The loan estimate and closing disclosure break down these fees so the borrower can see […]
