One of the great things about homeownership is being able to avoid unpredictable and unwarranted rental fees. For homeowners with fixed-rate mortgages, the interest on your monthly mortgage payments can provide that stability over the course of your loan. However, there are cases where mortgage payments can change, many of which homeowners are unaware of. […]
Posts in category Mortgage
The Impact of Covid-19 on Mortgage Ra...
Although the pandemic has affected nearly every industry, the real estate industry has seen a particularly dramatic shift when it comes to mortgage rates. With its widespread economic impact, COVID-19 has not only affected mortgage rates, but also heightened requirements for purchasing a home loan in some markets. In this article, we want […]
How to Use APR to Compare Your Mortga...
Annual percentage rate, or APR, should always be checked before shopping for a mortgage loan. In fact, APR is a primary indicator of the quality of your mortgage deal. But if you don’t fully understand it, it could make it difficult to use as a comparison tool. So, what exactly is APR and how does […]
What does it mean to lock or float yo...
Today’s housing market is full of steady increases. Home prices and mortgage rates continue to rise year over year. In fact as of late July 2018, the average 30-year fixed-rate mortgage was 4.54%. That’s quite a bit higher than the same period the year before, which averaged around 3.92%. Knowing this information, home buyers […]
How to Negotiate/Lower Your Mortgage ...
When it comes to buying a home, closing costs are easily one of the biggest stressors in the process. Not to mention the variable fees and attorney costs, which could result in a higher price point than anticipated. Mortgage closing costs are unavoidable, however there are some areas that can be negotiated. If you’re looking […]
Ken Venick
Phone: 443-471-4310
ken@kenvenick.com