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Showing posts from May, 2021

Current Mortgage Rates: Predictions and Forecasts by Realtors

If you are in a financially good position, you can purchase a home or refinance- meaning you can qualify for a loan and afford monthly expenses. There’s no denying that you should ahead and lock in your rate if you are ready to invest! According to popular real estate experts like Fannie Mae and Freddie Mac, the current mortgage rates are more likely to rise than fall throughout the rest of 2021. And the current 30-year fixed mortgage rate to average 3.2 percent in 2021. The Mortgage Bankers Association expects rates to rise to 3.7 percent by the end of the year. Let’s discuss the predictions and forecast of the current mortgage rates by some of the famous realtors: Ø   Joe Petrowsky a Mortgage Consultant, Right Trac Financial Group, Inc. There’s not much change in mortgage rates and there are significant chances that we will witness a quarter percent rise in the rate. Ø   Ken Jones of Realty ONE Group - Glendale, AZ As per my opinion, it's highly unlikely that the

Check Out These Alternatives You Must Consider Instead of Payday Loans

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  If you’re short on funds, then there’s nothing better than Payday loans! But when it comes to funding your purchases, payday loans could be expensive kind of short term loan. The average payday loan costs 400 percent in interest for a two-week loan according to the Consumer Federation of America. And that’s a significant amount of interest for a very brief loan. In this post, we’ll be discussing the alternatives to keep your current mortgage rates affordable: 1. No Interest Loan Scheme One of the biggest benefits of a “No Interest Loan Scheme” is that it comes with zero interest, allowing you save a significant amount of money in the long run. Also, you can avail an amount between $300 and $1,200³. APR : 0% (No interest is charged) Loan Perks ·          The term of a loan range from 12 to 18 months. ·          There is no monthly fee. ·          Loans offered by more than 250 community organizations. ·          Can be used for verbal training program , white go

Tips for getting the best mortgage rates

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  The difficult part is how to pay for the home for your home. So, it is quite important to find the best solution in the form of mortgage rates. You can compare different FHA and conventional mortgage rates. We are discussing certain tips that will help you get the best mortgage rates in 2021 . 1.       Have a look at the credit score- The lender will check your credit while processing your application. It gives a better understanding of finances and helps to decide if you are a low-risk borrower capable of paying the loan back. The higher the credit score, is better. If the score is below 650 then do the steps to increase it before applying for the home loan. You must pay existing debts and avoid taking loans before starting to take the loan at the best mortgage rates. If your score becomes better then you will get better rates. 2.       Save for down payment- The FHA and conventional mortgage rates go for borrowers that have set the down payment aside for their home. The larger