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Mortgage Tips

Simple ways to improve your credit score.

We’ve all seen them, FICO scores on the back of our credit card statements with a history chart and a number for each month. But what are they? What do they mean? Why should I care? Can I improve my credit? Let’s get into it!! FICO SCORE A FICO score is a number that represents to lenders how risky you are to lend to. FICO scores look at payment history,… Read More »Simple ways to improve your credit score.

Is a lower rate always a good reason to refinance?

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So the short answer is no, not always. Why not? Mortgages are amortized, which means that the payments are spread out over the length of the loan in equal amounts. Each month, even though the total payment is the same, the amounts towards interest and principal change with each payment. At the beginning of the loan, the interest portion of the payment is at its highest and the remainder of… Read More »Is a lower rate always a good reason to refinance?