Mortgage Center

KNOW YOUR NUMBERS

Understanding the cost of financing is an important factor when purchasing a home.

Use our financial calculator to estimate the cost of your mortgage.

Financial Calculator

Mortgage FAQ's

What is a mortgage?

A mortgage is a type of loan you can use to buy or refinance a home.

What are the different types of mortgages?

How do I know which mortgage is right for me?

The best way to know which mortgage is right for you is to speak with a licensed mortgage broker, loan officer or mortgage banker.

Our agents have a database of professionals we work with regularly. We would be happy to help you find a home and make a suggestion for the right lender.

Homeownership Is a Great Hedge Against the Impact of Rising Inflation

By Nicole McCormick | Jun 23, 2022 | 0 Comments

If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% […]

Why Rising Mortgage Rates Push Buyers off the Fence

By Nicole McCormick | May 17, 2022 | 0 Comments

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to […]

How Today’s Mortgage Rates Impact Your Home Purchase

By Nicole McCormick | May 10, 2022 | 0 Comments

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does […]

Three Tips for First-Time Homebuyers

By Nicole McCormick | May 6, 2022 | 0 Comments

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to […]

Why This Housing Market Is Not a Bubble Ready To Pop

By Nicole McCormick | Apr 26, 2022 | 0 Comments

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by […]

How To Approach Rising Mortgage Rates as a Buyer

By Nicole McCormick | Apr 26, 2022 | 0 Comments

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will […]

Why Pre-Approval Is an Important Step for Today’s Homebuyers

By Nicole McCormick | Apr 19, 2022 | 0 Comments

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances […]

Is It Time To Buy a Smaller Home?

By Nicole McCormick | Apr 19, 2022 | 0 Comments

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that […]

Where Are Mortgage Rates Headed?

By Nicole McCormick | Apr 14, 2022 | 0 Comments

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” […]

The Future of Home Price Appreciation and What It Means for You

By Nicole McCormick | Apr 7, 2022 | 0 Comments

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week […]

Why Pre-Approval Is an Important Step for Today’s Homebuyers

By Nicole McCormick | April 19, 2022

Is It Time To Buy a Smaller Home?

By Nicole McCormick | April 19, 2022

Where Are Mortgage Rates Headed?

By Nicole McCormick | April 14, 2022

The Future of Home Price Appreciation and What It Means for You

By Nicole McCormick | April 7, 2022

What You Need To Budget for When Buying a Home

By Nicole McCormick | April 7, 2022

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need […]

Balancing Your Wants and Needs as a Homebuyer Today

By Nicole McCormick | April 7, 2022

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist for realtor.com, explains it like this: […]

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Mortgage Center

KNOW YOUR NUMBERS

Mortgage FAQ's

What is a mortgage?

What are the different types of mortgages?

How do I know which mortgage is right for me?

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