What is a mortgage rate lock? This refers to a contract between an interest rate lock mortgage company and a borrower that permits the borrower to retain a fixed interest rate for a given period. The locked rate is safeguarded against increasing during that period....
Just how important is the interest rate you receive when getting a new mortgage loan in Utah? Because your monthly mortgage payment includes both the monthly interest you owe on your outstanding loan balance and a portion of the principal itself, the interest rate on...
Over the past few years there has been a lot of bad news when it comes to the housing market. With the economic crisis and the real estate tumble many home owners lost their homes to foreclosure and even many more have been under water for the last few years. For...
Article by Wane Workman – Branch Manager at Academy Mortgage – www.academymortgage.com/waneworkman While this article provides some basic information about improving your credit score, Academy Mortgage and its employees do not provide credit repair or credit...