Understanding how consumer confidence and inflation vs rates is key to navigating the housing market. These factors are interconnected, influencing both borrowing costs and broader economic growth. Consumer confidence and inflation vs rates often reflects how individuals feel about their financial stability and the future of the economy. Inflation, on the other hand, relates to…
This blog will cover how lenders price mortgage rates versus credit scores. All mortgage companies will price mortgage rates versus credit scores. The higher a borrower’s credit scores are, the less risky the borrower is. This is how lenders view borrowers with higher credit scores. There is a pricing adjustment on mortgage rates versus credit…
In this blog, we will cover and discuss buying down interest rates with discount points on mortgage loans. Lenders will charge higher mortgage rates to those seeking a home loan with bad credit, especially for conventional mortgage programs. Conventional mortgage programs are extremely credit-sensitive. Credit Scores Versus Pricing on Mortgage Rates The minimum credit score…
In this article, we will cover and discuss pricing mortgage rates by lenders on home loans. Most FAQs by borrowers on pricing mortgage rates by lenders on home loans. Mortgage shoppers often see a variety of mortgage rates when shopping for a loan and often wonder about pricing mortgage rates by lenders. Pricing Mortgage Rates…
This guide covers the net tangible benefits of refinance with lower mortgage rates. Right now may be the opportunity for homeowners to refinance with lower mortgage rates. Mortgage rates have been steadily decreasing for the past several weeks and seem like they will continue to creep lower due to the sudden hike after the news…
This Article Is About Mortgage Guidelines After Foreclosure To Qualify For Home Purchase Mortgage borrowers can qualify for a mortgage after a housing event. A housing event is a foreclosure, deed in lieu of foreclosure, or short sale. Every loan program has its own waiting period requirements after a housing event. The waiting period start…
In this blog, we will cover and compare ARM versus Fixed-Rate Mortgages when buying and refinancing a home. Most mortgage loan programs, whether it is FHA-insured mortgage loans or conventional mortgage loan programs offer adjustable rate mortgages and fixed-rate mortgages. There are pros and cons of ARM versus fixed-rate mortgages. Is it Better to Get…
This guide covers the fastest and easiest way to increase credit scores to get the best mortgage rates. We get countless calls from our viewers at Gustan Cho Associates asking about the fastest and easiest way to increase credit scores. Credit scores fluctuate depending on the activity on consumer credit reports. The team at Gustan…
In this article, we will cover credit scores increased during underwriting process. If credit scores increased during underwriting process, the borrowers could lock the loan with the higher credit score. One of the frequently asked questions at Gustan Cho Associates is will I get a lower rate if credit scores increased during underwriting process? Credit…
In this blog, we will cover and discuss the meaning of the buyers market versus the sellers market in real estate. The team at Gustan Cho Associates has been following the housing market for over a decade, and we are in some unprecedented times. In this blog, we will give our readers an update on…
In this blog, we will be talking about how interest rates affect the housing markets. The team at Gustan Cho Associates is constantly monitoring the health of the mortgage market. If you have been following the news, there have been many recent updates surrounding the housing market and the overall financial markets. In this blog,…
This guide covers the loan-level pricing adjustments of mortgage rates with low credit scores. Borrowers will get higher mortgage rates with low credit scores. Lenders will hit borrowers with higher mortgage rates with low credit scores. There are no prior adjustments for prior bad credit, late payments, bankruptcy, or foreclosure. On government loans, credit scores…
Call Now 