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Mortgage and Lending - ChangeMyRate.com® A Mortgage Corporation - NMLS #1326269
RECENT BLOG POSTS
As expected, mortgage rates have risen after the Federal Reserve signaled that it plans to begin reducing the support it’s been providing to the U.S. economy.Home buyers could be caught flat-footed if they don't begin to factor rising interest rates into their budgets. 'At today’s rate, the month...
10/03/2021
How new legislation, CARES Act will affect mortgages on your home during COVID-19 pandemic.Borrowers struggling to make their FHA mortgage payments now have more time to file for forbearance.According to the U.S. Department of Housing and Urban Development, you can now file for forbearance – esse...
10/02/2021
The dollar value of mortgages home buyers are taking out is soaring as they try to afford higher home prices.The average amount for a mortgage averaged $410,000 last week, according to data from the Mortgage Bankers Association. That marks the highest average mortgage amount since May.“With home ...
10/02/2021
A reverse mortgage can make it possible for seniors to remain in their home and supplement their retirement income. While you receive a steady influx of cash with a reverse mortgage, it’s ultimately a loan that needs to be repaid. How do you pay back a reverse mortgage, and when is it necessary? ...
09/30/2021
The process may seem intimidating but doing your homework can pay off.This step-by-step guide will give you smart tips on how to get the best deal when refinancing. Maybe you’re like thousands of homeowners who can’t resist those rock-bottom mortgage rates. And you’ve become enamored with the ide...
09/29/2021
How to determine if making move is beneficial to your financial goals.There are numerous factors to consider before deciding whether you should refinance your mortgage. The Federal Reserve announced last week that it plans in the next few months to hike interest rates and ease up on buying bonds,...
09/28/2021
What is an energy-efficient mortgage?An energy-efficient mortgage (EEM) is a loan for purchasing or refinancing a home that meets certain energy-efficiency requirements or improving a home to make it more energy-efficient. Like other types of mortgages, the home serves as collateral for the loan....
09/27/2021
 Before you push yourself to pay off your home loan ahead of schedule, consider the downside of going this route. When you get a mortgage, you agree to repay your loan over a certain period of time. That could be 15, 20, or 30 years -- or a different term that your mortgage lender agrees to. But ...
09/26/2021
 Most Americans want to own a home at some point in their life, and they say they’re willing to make sacrifices to achieve it. For some, that means forgoing alcohol or vacations for a year to save. But others say they’re willing to give up having kids in order to have their dream home. About 60% ...
09/24/2021
Just to dispatch with the technicalities, the Federal Reserve does not set mortgage rates, and the central bank’s decisions don’t drive mortgage rates as directly as they do other products, like savings accounts and CD rates.But the Fed’s actions do indirectly influence the rates consumers pay on...
09/23/2021
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