30 Year Fixed Mortgage Rates Today are Low but How’s the Market?

Getting the best rate on a thirty year fixed mortgage rate depends on a number of factors but the Corona Virus has complicated things. How Today’s Rate is Impacted The year started off strong with a tight housing supply available and prices rising accordingly. Building was also strong. Currently, it appears that homeowners are holding off on listing new sales and building is slowing. In an effort to stabilize the market, 30 year fixed mortgage rates are at some of the lowest seen averaging close to 3.8% The problem is that the supply and demand sides are both impacted at […]

What is the Average Down Payment on a House?

There are many factors to consider when deciding how much to put as a down payment on a house. Some of these factors are out of your control, but there are recommended guidelines to consider. But what is the average down payment on a house? The Average Down Payment is Less Than You Think There is a perception that most down payments for new and used homes are around the 20% mark, but this is no longer the case. The advantage of a larger down payment is that you may be able to avoid the PMI (private mortgage insurance) that […]

What are the current 15 yr refinance mortgage rates?

Many people are looking into the benefits of refinancing their current mortgage to a 15 year mortgage, but does it really save money? Let’s look at the pros and cons. The Benefits of refinancing to a 15 year mortgage rate A safe investment – Increase the equity in your home The most obvious benefit for moving to a 15 year mortgage is the ability to pay off your home loan quickly and become mortgage-free. In these times, owning your home outright provides the security of being able to ride out the ups and downs of an uneasy market. Real estate […]

Mortgage Loans for Doctors and physicians

In this day and age, we realize just how important our health professionals are. Unfortunately, many new doctors leave medical school, and residency, with more than $200,000 of debt – more than any other generation of new physicians. In earlier generations, as well, doctors were paid quickly by insurance companies. However, in today’s complicated healthcare system, physicians must jump through numerous hoops to even hope for a partial payment for their services. Complicating this is the immense overhead required to run a successful medical practice. The sheer cost to even become a doctor becomes overwhelming for most new practitioners. If […]