compound interest

Do you know what it will cost you to borrow at a higher interest rate?

As if this market isn’t hard enough on buyers, now you are getting hard-sell tactics about the rising interest rates. Buyers who are getting a mortgage to purchase need to pay attention to the interest rate that they are pre-approved at. Their buying power may go down, as interest rates rise. All mortgages are calculated

By |2022-05-01T10:09:37-04:00May 4th, 2022|Categories: Money and finance|Tags: , , |

Change in credit score calculation coming soon

Mortgage underwriting change. What does it mean to you? There’s a new version of credit analysis that will be part of the approval process. Changes will start having an effect when the new Fannie Mae Desktop Underwriter* launches June 25th.  It will allow lenders to discern between applicants who carry balances on credit cards vs.