The month of September found a flurry of home buying activity, thanks in large part to historically low mortgage rates, as well as low inventory. Find out more in the latest blog post from LoanFleet.
Category: Mortgage
Mortgage Rates Have Ticked Upward… but They’re Still Historically Low
How has the pandemic affected home loans? As of right now, rates are hovering near the all-time low, making it an ideal time for borrowers to pursue homeownership. Check out the latest Loan Fleet blog post to learn more about where home mortgage rates stand right now.
Will the Presidential Election Affect Mortgage Interest Rates?
Presidential election years do have an impact on economic and market outlooks, and many consumers do like to “wait it out.” But mortgage rates are not necessarily as affected as you might think. Contact a LoanFleet home loan specialist today to learn more.
5 Things to Look for in an Orange County Mortgage Company
Looking for an experienced Orange County mortgage company? Find out why Loan Fleet is a solid choice for your home financing needs.
6 Things NOT to Do While Applying for a Home Loan
When you apply for a home loan, your lender will go to great lengths to determine your credit-worthiness. That is, how likely you are to make all your monthly payments on time, and how big of a risk you are for defaulting. To help make this decision, your lender will...
How to Get the Lowest Mortgage Refinancing Rate
People refinance their mortgages for a few different reasons, such as a more flexible loan term, or to condense a 30-year into a 15-year loan. The most common reason to refinance is simply to get better rates. This means that as you shop around for a refinancing option, it’s vital...
How to Refinance Your Mortgage and Consolidate Debt
There are many reasons why a homeowner might choose to refinance his or her mortgage. One of them is to consolidate high-interest debt. Consolidating your debt by refinancing with a low mortgage rate can help you get a better handle on your finances, and it can save you a lot...
Move in With Just 3% Down
Buying a home is a significant financial commitment. In fact, for most people, it will be the single biggest financial purchase of their lives. And that’s not just because of the mortgage payment. There is also the matter of the money you put down, at closing. It is generally accepted...
The Pros and Cons When Considering a 15-Year Mortgage
Many borrowers and aspiring homeowners assume that they’ll be making mortgage payments for a full 30 years. While the 30-year mortgage has long been the standard, it’s important to know that other options exist—including one that cuts the standard loan term in half. Of course, we’re talking about the 15-year...
What Does a Loan Officer Do?
Lenders exist to loan people funds. Money that can be used to close on a home, start a small business, make renovations to a property, etc. However, lenders don’t loan money to just anyone, and securing a loan requires you to prove that you are creditworthy. This process will invariably...