Mortgage Blog

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Category: Mortgage (24 posts)

Understanding FHA Loans: A Guide for Homebuyers

Understanding FHA Loans: A Guide for Homebuyers

May 8, 2024 | Posted by: Prime Mortgage Inc.

As a mortgage professional, I've guided many clients through obtaining a home loan. One of the most popular options for first-time homebuyers and those with less-than-perfect credit is available ...

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May 1-2024 - Federal Reserve issues FOMC statement

May 1-2024 - Federal Reserve issues FOMC statement

May 1, 2024 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past ...

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Refinancing to a 15-year mortgage: Items to consider

Refinancing to a 15-year mortgage: Items to consider

April 24, 2024 | Posted by: Prime Mortgage Inc.

Refinancing to a 15-year mortgage can be a beneficial decision for homeowners. It can help you pay off your mortgage faster and save money on interest payments in the long run. However, there are se ...

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Navigating Your First Home Purchase: A Step-by-Step Mortgage Guide

Navigating Your First Home Purchase: A Step-by-Step Mortgage Guide

April 8, 2024 | Posted by: Prime Mortgage Inc.

Hey there, future homeowners! Embarking on the journey to buy your first home is like setting sail on an epic adventure. It's thrilling, a bit overwhelming, and packed with moments that'll have you ri ...

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Rate Hold - March 20, 2024

Rate Hold - March 20, 2024

March 20, 2024 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year ...

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When Steady Interest Rates Meet Rising Home Sales

When Steady Interest Rates Meet Rising Home Sales

February 28, 2024 | Posted by: Prime Mortgage Inc.

In the ever-evolving landscape of the American housing market, we find ourselves at a crossroads where interest rates are holding steady, yet home sales are on an upward trajectory. This scenario ...

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Using Home Equity Loans to Pay Off High-Interest Debt: Should You Do It?

Using Home Equity Loans to Pay Off High-Interest Debt: Should You Do It?

February 19, 2024 | Posted by: Prime Mortgage Inc.

Are you considering the leap to use a home equity loan to pay off high-interest debt? The allure is evident - with typically lower fixed interest rates than credit cards, these loans offer potential s ...

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January 2024 Rate Update - Federal Reserve issues FOMC statement

January 2024 Rate Update - Federal Reserve issues FOMC statement

February 1, 2024 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low. Inf ...

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December 2023 Rate Update - Federal Reserve issues FOMC statement

December 2023 Rate Update - Federal Reserve issues FOMC statement

December 13, 2023 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemp ...

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Navigating the New Normal: How Remote Work is Reshaping the US Mortgage and Real Estate Landscape

Navigating the New Normal: How Remote Work is Reshaping the US Mortgage and Real Estate Landscape

December 3, 2023 | Posted by: Prime Mortgage Inc.

In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ...

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Unlock Your Home’s Potential: Using Home Equity for Renovations

Unlock Your Home’s Potential: Using Home Equity for Renovations

November 15, 2023 | Posted by: Prime Mortgage Inc.

What is home equity? Imagine your home is a piggy bank, except instead of spare change, it's filled with the value you've built up over time. Home equity is the difference between your home's market ...

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Federal Reserve issues FOMC statement - Nov 1, 2023

Federal Reserve issues FOMC statement - Nov 1, 2023

November 1, 2023 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has rem ...

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Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice

Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice

October 18, 2023 | Posted by: Prime Mortgage Inc.

Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice Hi there, prospective homeowner! Dive into any mortgage conversation, and you'll hear the terms "mortgage brokers" an ...

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When Your Dream Home Catches Your Eye: Be Prepared to Seal the Deal

When Your Dream Home Catches Your Eye: Be Prepared to Seal the Deal

October 10, 2023 | Posted by: Prime Mortgage Inc.

The thrill of finding your dream home is unmatched and can be very exciting. Once you stumble upon the perfect home within your budget, it's time to step up and make a proposition. But before you do, ...

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A Guide To First-Time Home Buyer Programs, Loans And Grants

A Guide To First-Time Home Buyer Programs, Loans And Grants

September 30, 2023 | Posted by: Prime Mortgage Inc.

Purchasing a home involves many considerations, and it's common for first-time buyers to have queries. You might be curious about tips for first-time homeowners, or how to secure assistance for down ...

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Understanding Title Insurance Costs: A Beginners Guide

Understanding Title Insurance Costs: A Beginners Guide

September 18, 2023 | Posted by: Prime Mortgage Inc.

Embarking on the journey of purchasing a new home is thrilling, yet the financial commitment can be daunting. It's imperative for prospective homeowners to take preventive steps to ensure their fina ...

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Closing Costs: What Are They, And How Much Will You Pay?

Closing Costs: What Are They, And How Much Will You Pay?

August 23, 2023 | Posted by: Prime Mortgage Inc.

Understanding Closing Costs: What They Are and What You'll Pay When you buy a house, your down payment isn't the only money you'll need at the closing table. Closing costs are additional expenses, se ...

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Navigating High-Interest Rates and Inflation: A Guide to Mortgage Management

Navigating High-Interest Rates and Inflation: A Guide to Mortgage Management

August 5, 2023 | Posted by: Prime Mortgage Inc.

Introduction As your trusted mortgage professional, I understand that the current economic backdrop in the USA is posing challenges for many homeowners. With interest rates and inflation on the ris ...

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Federal Reserve issues FOMC statement

Federal Reserve issues FOMC statement

July 27, 2023 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains eleva ...

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How To Calculate Home Equity: A Step-By-Step Guide

How To Calculate Home Equity: A Step-By-Step Guide

July 10, 2023 | Posted by: Prime Mortgage Inc.

How to Calculate Your Home Equity Understanding Home Equity Home equity represents the portion of your home's value that you truly own as a homeowner. Determining Your Home Equity ...

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June 14-2023 - Federal Reserve issues FOMC statement

June 14-2023 - Federal Reserve issues FOMC statement

June 15, 2023 | Posted by: Prime Mortgage Inc.

Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remain ...

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Closing Costs: What Are They, And How Much Will You Pay?

Closing Costs: What Are They, And How Much Will You Pay?

June 14, 2023 | Posted by: Prime Mortgage Inc.

Closing Costs: What Are They, And How Much Will You Pay? Your down payment isn't all you need to bring to the closing table when you buy a home. Closing costs are expenses beyond the down payment, ...

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How Much House Can I Afford?

How Much House Can I Afford?

June 10, 2023 | Posted by: Prime Mortgage Inc.

Introduction Hey there! Have you ever wondered how much house you can afford? Well, it's an important question to ask before making any big decisions. In this article, we're going to dive into a si ...

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First-Time Home Buyer Budgeting: What You Need to Know

First-Time Home Buyer Budgeting: What You Need to Know

April 20, 2023 | Posted by: Prime Mortgage Inc.

As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...

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