Take a look at some of this week's report highlights! The recent drop in mortgage rates has sparked a jump in applications. Mortgage applications were up 23.5% from the previous week. Just over 10% of agents surveyed by NAR
Jan 11, 2019 | loan Mortgage home economy government government shutdown rates
Interest rate and annual percentage rate (APR)-those are the same thing, right? Unfortunately, too many mortgage buyers don’t realize the answer is no. The interest rate on your mortgage loan is different from the APR and understanding both is impor
Jan 09, 2019 | Interest Rates
Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here’s the basics you need to know as you sav
Jan 02, 2019 | VA Loans FHA Loans Preapproval Purchasing a Home
For many people, their home is their largest asset. And its value generally grows over time, producing more equity for the homeowners. How can homeowners make use of this equity without selling their house? A home equity loan or a Home Equity Line of Cred
Dec 26, 2018 | Home Equity Credit
All of us at USA Mortgage Network, Inc. would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a ye
Dec 19, 2018 |
Although they are not nearly as common today, some mortgage loans do come with a prepayment penalty. Home loan borrowers should be aware of them before signing their names on the dotted line. Here’s what you need to know about prepayment penalties:
Dec 12, 2018 | Purchasing a Home Refinancing a Home