The housing market was in good shape this year — so good, in fact, that demand for homes to buy was greater than supply. Some would-be home buyers may have found themselves unable to purchase for a variety of reasons, even as other factors like low interest rates were attractive for buyers. So should you […]

A home is probably the most expensive purchase you will make in your lifetime. Even relatively affordable houses cost hundreds of thousands of dollars, and mortgage loans can last decades. As such, choosing the right loan is an essential part of the home buying process. When comparing loans, people often look at the length of […]

2020 Mortgage Industry Study

This comprehensive mortgage industry study investigates multiple data sources to reveal important mortgage industry trends and statistics. The mortgage industry plays an integral role in the U.S. economy. In 2018, only 22% of people who bought a home paid all-cash for their purchase. Everyone else got a mortgage. Residential property not only provides housing and […]

APR calculation by loan type How to calculate the APR of a term loan a payday loan a line of credit a mortgage The key question to ask when comparing loans is “how much will this cost me?” Learning how to calculate the APR of a loan will allow you to compare apples to apples […]

Can you renegotiate your mortgage to get better terms without refinancing? It’s possible. Banks do renegotiate mortgage contracts in certain situations. However, you need to give your lender a good reason. Here’s everything you should know and mortgage renegotiations including valid reason lenders accept, the process, and answers to frequently asked questions. What are valid […]