While buying a house, your credit score is very important to securing mortgage funding. But what about after you close on the sale? How will a home loan affect your credit? The good news is that in most cases, obtaining and paying a mortgage will actually
Here are the rates for today, August 26, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.320% (5.415% APR) 15 Year Fixed Conforming: 4.750% (4.903% APR) 7/6 Jumbo ARM: 5.125% (4.814% APR) 30 Year Fixed Jumbo: 5.125% (5.261% APR)
One of the major barriers to homeownership for first-time homebuyers is their limited credit background. It takes time to establish a full credit history, and only certain types of regular payments, like auto loans, student loans, credit card payments mak
If you live in one of our nation’s pricier areas or if you want to buy a home significantly above the median price for your area, you’ll probably need a jumbo loan. If you’re not familiar with these types of mortgages, here are some of the frequently aske
Here are the rates for today, August 19, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.125% (5.233% APR) 15 Year Fixed Conforming: 4.625% (4.785% APR) 7/6 Jumbo ARM: 4.875% (4.692% APR) 30 Year Fixed Jumbo: 4.875% (5.008% APR)
If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be a penalty for paying off your loan ahead of schedule? Here’s what you need to k