better mortgage rate

Mortgages 101: A Beginner’s Guide

Buying a home is one of the biggest decisions you’ll make with your money. But not everyone has the money to pay for a house in full at once. This is where a mortgage comes into play. Implemented after The Great Depression to help stimulate the economy, mortgages help just about anyone increase their wealth. Before mortgages, a buyer had to provide a 50% down payment with the remaining loan from the seller. Now, banks and other lenders ask for a cool 20% down payment and charge interest on your remaining balance. But what makes up a mortgage? Here’s everything you need to know about mortgages, mortgage rates, and what’s considered for you to get one.

How to Avoid Getting Bad Credit

Your credit score is usually a number between 300 and 900. The higher the number, the better the credit score. Improve your credit score by: paying bills on time, saying under your credit limit, reduce your credit balance, lengthen your credit history, and limit credit checks.

tiny wooden house shape with a heart in a mini shopping cart to reflect blog topic, titled mortgage renewal: shopping for a better mortgage rate?

Mortgage Renewal: Shopping for a Better Mortgage Rate?

Shopping around for a better mortgage rate is very common, and often encouraged. It’s obvious; people don’t want to pay a higher rate if there’s a lower one available! Getting the best mortgage rate can be a competitive feat – clients want to be sure they got the best mortgage rate possible. 

However, it’s an irrelevant topic. Mortgage rates change often, and each client’s situation is different!

  • Start
  • First Home
  • Employed
  • Disability
  • Payment
  • Decisions
  • Finish

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