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Hi Rhonda, I am planning to purchase an investment property for my old age within 10 miles radius from my…
[…] 4.125% (apr 4.273%) priced with 1.176 points. This is an increase of 0.266 in points from last week’s rate…
[…] mortgage interest rates, including the Fed meeting on Wednesday and Jobs Report on Friday. The Jobs Report carries a…
[…] mortgage backed securities/bonds to keep mortgage rates artificially low) to the unemployment rate. The Fed has indicated they will…
[…] During the preapproval stage, you will need to provide your lender with documentation that proves your income, assets and…
[…] this episode, Jim Reppond and I discuss Commitment Letters. A commitment letter is kind of like a preapproval letter…
[…] preapproval letters need to be updated as credit report and supporting documents “expire”. It’s very important that […]
[…] The prequalifcation stage may consist of obtaining rate quotes from various lenders and providing lenders information […]
[…] not. Depending on when your closing date is, you may or may not want to lock in your rate.…
