How To Calculate Your Mortgage Payment
The average mortgage payment is often one of your biggest expenses, consuming more than 30% of your monthly household income depending on your debt to income ratio. Read More
Factors That Influence Mortgage Rates
It’s a popular belief today that the U.S. Government directly controls mortgage rates by simply raising and lowering them at will. In reality, it’s a lot more complicated. Read More
Is Subprime Making a Comeback?
Since the housing crisis of 2008, the phrase “subprime loan” has become the moral equivalent of a four-letter word, an indication of all that goes wrong when risky, irresponsible home loans for bad credit become commonplace. Read More
The Federal Reserve System: Structure and Purpose
The Federal Reserve System is the central banking system of the United States and was created in 1913 with the enactment of the Federal Reserve Act. Over the past century, its roles and duties have expanded. Read More
May Jobs Report is a Mixed Bag of News
Once a month, on first Friday’s, all eyes and ears of Wall Street, Washington, mortgage professionals across the nation, and even some on Main Street are tuned in briefly to one big thing: the health of the job market in America. Read More
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