Fixed Interest Rate (FIR): All You Need To Know About It
What Is a Fixed Interest Rate (FIR)? A fixed interest rate (FIR) is a constant rate charged on liabilities, such as mortgages or home loans. It can be applied to the entire loan term or for part of the term, but it remains unchanged for a specific period. A mortgage ...
When Should I Lock In Mortgage Rate?
When Should I Lock In Mortgage Rate? If you begin purchasing a house and see news that mortgage rates are hitting new lows, you might consider losing these low-interest rates after completing the loan. The slight differences in interest rates can save you or costs thousands of dollars during the ...
Is It Possible That Mortgage Rates Will Fall in May 2021? Trends and Forecasts
Predictions for May 2021 Do you want to get ahead of the curve when it comes to mortgage rates in May? Here you'll find certain things that you should keep in mind for May. Is It Possible That Mortgage Rates Will Fall in May? Even though 30-year fixed rates dropped ...
15 Mortgage Concepts You Should Know Before Applying
The process of acquiring a home through a mortgage is a tedious one. This can be even more difficult for intending homeowners who are new to the real estate industry. This is because they have no working knowledge of the common terms used. Below is a list of the most ...
Refinance Your Mortgage: Before You Choose Read This
Everyone loves a good deal. Be it that of a newly signed business contract, a great investment, or some special discount got at a favorite ice-cream joint. When it comes to mortgaging, it's no different. People take out mortgages that are suitable, affordable, and meet up their expectations, wants, or ...
Spend on a Home Wisely: Some Tips And Tricks
From the basic human need for safety to more secondary needs like the pride of ownership, the need to own a home is quite a compelling one. As an intending homeowner, you have most likely asked the question, “why do I need a home?”. The next question you need to ...
