The age-old question of “Lock or Float?” is typical in the mortgage industry. Mortgage brokers get asked this question frequently by first-time home buyers. The answer to this question will determine the mortgage rate borrowers ultimately receive. Interest rates dictate monthly payments for up to 30 years (without refinancing), so this option should not be…
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Home is where your heart – and your wealth – is. The benefits of homeownership are vast; there are numerous financial aspects, but the wealth creation is the most significant. Forming household wealth begins with homeownership. According to Freddie Mac, “Homeownership has cemented its role as a part of the American Dream, providing families with…
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When selling a house, most homeowners are looking for a speedy and profitable deal. If you are waiting for the most lucrative time as a seller, the market is ready for you this spring! Here are five reasons why it’s the perfect time to sell your house. Homebuyers are in high demand: Buyer demand is…
Read more March 11, 2021The process of obtaining a mortgage can be daunting and time-consuming. However, for the amount of work involved – the reward in getting your mortgage pays off in the end. We’ve compiled a few fun facts about the mortgage process to give yourself a break from the daily grind. Read on! ‘Till Death Do Us…
Read more February 26, 2021The Federal Housing Administration (FHA) announced a new opportunity for those protected under the Deferred Action for Childhood Arrivals (DACA) program. Since January 19, 2021, those individuals can apply for mortgages backed by the FHA. A previous stipulation barred “non-US citizens without lawful residency” from applying for FHA-insured mortgages; the new opportunity for these DACA…
Read more February 12, 2021EB Mortgage has a new website! We launched in February 2021 and we’ll keep you up-to-date with the latest news, tips/tricks, updates, and information on our blog. We are a wholesale mortgage company providing our clients with a new home purchase, refinance, and commercial loan options. With our low rates, we have more products, more…
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