Buying or refinancing a home can be costly. The bulk of those costs are derived from closing costs, which can range anywhere from 2% to 4% of the loan amount. With our Homes for Heroes Program those fees are eliminated. But what if you didn’t have to pay some of those costs? Specifically, the fees associated with originating your loan. Mortgages for America has created our new Home for Heroes Program to provide low-to-no-cost home loans to Military Service members and Veterans, … [Read more...]
Rates are dropping: What does that mean for you?
There’s been lots of talk about mortgage rates increasing. Since last summer, we’ve been in what’s known as a “rising-rate environment.” But over the last several weeks, something changed. Rates have been falling and are now lower than they were when the rising rate environment was first declared. In fact, last week, mortgage rates fell at their fastest rate since 2009 following a meeting of the Federal Reserve Board. So what does this mean for borrowers, especially veteran borrowers? The … [Read more...]
