While buying a house, your credit score is very important to securing mortgage funding. But what about after you close on the sale? How will a home loan affect your credit? The good news is that in most cases, obtaining and paying a mortgage will actually
Aug 30, 2022 | Credit
Here are the rates for today, August 26, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.320% (5.415% APR) 15 Year Fixed Conforming: 4.750% (4.903% APR) 7/6 Jumbo ARM: 5.125% (4.814% APR) 30 Year Fixed Jumbo: 5.125% (5.261% APR)
Aug 26, 2022 | Interest Rates Fixed Rate Mortgages Adjustable Rate Mortgages Mortgage Jumbo Loans
One of the major barriers to homeownership for first-time homebuyers is their limited credit background. It takes time to establish a full credit history, and only certain types of regular payments, like auto loans, student loans, credit card payments mak
Aug 25, 2022 | Purchasing a Home
If you live in one of our nation’s pricier areas or if you want to buy a home significantly above the median price for your area, you’ll probably need a jumbo loan. If you’re not familiar with these types of mortgages, here are some of the frequently aske
Aug 23, 2022 | Purchasing a Home
Here are the rates for today, August 19, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.125% (5.233% APR) 15 Year Fixed Conforming: 4.625% (4.785% APR) 7/6 Jumbo ARM: 4.875% (4.692% APR) 30 Year Fixed Jumbo: 4.875% (5.008% APR)
Aug 19, 2022 | Interest Rates Fixed Rate Mortgages Adjustable Rate Mortgages Mortgage Jumbo Loans
If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be a penalty for paying off your loan ahead of schedule? Here’s what you need to k
Aug 18, 2022 | Purchasing a Home