interest rate: Rate Drop Brings Refinance Opportunity - 05/13/14 01:50 AM
According to Freddie Mac's latest weekly mortgage survey, rates on home loans hit their lowest levels of the year in the past week. This is good news for potential homebuyers as it has lowered the cost of owning a home. It is also good news for those who are considering refinancing their home loan as well. Those who are considering refinancing can take advantage of lower rates to lower their monthly housing payments. In addition, there are several other benefits that someone who is contemplating refinancing might consider:
Building equity more quickly. Rates on 15-year loans are significantly lower than 30-year … (1 comments)

interest rate: Why Is My Rate Higher? - 09/03/13 03:46 AM
Time and time again we get this question from some of our clients. “I read in the papers that the average rate for mortgages is _____%. Yet I am being quoted a higher rate than average.’ Why am I being asked to pay more?
This is a very good question and one that deserves more than a “cryptic” answer. After all, your home is the most important investment and typically your largest payment. The rate you are charged directly affects that payment.
First, you must understand that the averages reported by major information sources such as Freddie Mac and BankRate.com will be … (0 comments)

interest rate: To Pay A Point? - 09/03/13 03:43 AM
Shopping for a mortgage can be very complex for the general consumer. There are several factors which can affect the decision of whether to contract for a particular type of mortgage. These factors include but are not limited to the points and other fees associated with the mortgage, the mortgage type and/or term, the lock type and period, and the qualification terms. The instant question focuses upon only one of these factors–points. After we see how complex this one issue can be, it will be more evident that it is essential to work with a competent mortgage professional who can provide … (0 comments)

 
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Kevin Warren

Virginia Beach, VA

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Veterans United Home Loans NMLS #1907

Address: 564 Lynnhaven Pkwy, #200, Virginia Beach, VA, 23452

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