Are you caught in the “waiting game” when it comes to interest rates and housing prices? It’s time to break free from the myth and make informed decisions based on historical evidence. Interest Rates: Looking at the Bigger Picture When you look at interest rates in the last 5-10 years, you may wonder if it …
When considering a home purchase, waiting for interest rates to decline may seem like a smart move. However, this strategy can actually lead to higher costs in the long run. Here’s why you should think twice before playing the waiting game: Unpredictable Rate Fluctuations: Accurately timing the market and forecasting interest rate movements is challenging …
When you’re thinking about buying a home, it’s natural to want to maximize your investment by timing the housing market perfectly. However, savvy homebuyers know that timing the market is virtually impossible. Let’s shed some light on the reasons why this “strategy” simply doesn’t work. It’s Impossible to Predict the Future The housing market is …
Why Timing the Market to Buy a Home Doesn’t Work Read More »
Closing and funding are the final stages of the mortgage loan process. Closing occurs when borrowers sign loan documents at the title company. Funding occurs after a lender reviews the signed loan documents and wires their funds to the title company. In this blog post, we will discuss what closing and funding entail, and provide …
Funding and Closing Stages in the Digital Online Mortgage Process Read More »
The mortgage process is notorious for being stressful, but the housing market moves fast and it’s important to work with a lender that can keep up. Interest rates fluctuate, credit scores rise and fall, loan estimates, closing disclosures, and more can make finding your dream home more difficult than it needs to be. We aim …
As a future homeowner you may be wondering, what exactly is mortgage insurance and what is the purpose of it? Mortgage insurance is meant to protect mortgage lenders when a client defaults or cannot make payments on their home mortgage. Homebuyers with down payments of less than 20% are generally required to obtain mortgage insurance …
When you apply for a mortgage, the interest rates you’re offered are based on your qualifications, loan terms, the current market, and other factors. Your loan’s interest rate will affect your monthly payment amount and will have a major impact on the overall cost of your loan. Those who plan to keep their loan for …
What are mortgage discount points and how can you use them? Read More »
In today’s housing market, speed is one of the most important factors that home buyers need to consider when choosing a mortgage lender. Even with the ebbs and flows of the economy, the fact remains that a speedy home financing process can give you a competitive edge in a tight market. When you choose to …
When you use Warp Speed Mortgage to help you meet your home financing goals, the fully online experience and unique home loan process means you can count on a faster, more streamlined experience than what other mortgage lenders offer. Whether you’re buying a new home or refinancing, the key to speed isn’t just our reliable …
Underwriting Stages in the Digital Online Mortgage Process Read More »
When you apply for a mortgage to purchase a house, your lender will examine your income, assets, debt-to-income ratio, and work history to determine whether you are qualified. The lender will also need to request a home appraisal on the property you wish to purchase to ensure that it isn’t worth less than desired the …
