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Your Mortgage Resource Center – Mortgage Rates, Mortgage Quotes and Refinance Help on Home Loans so YOU can Save!
Welcome to the ultimate source for mortgage loan advice, tips, mortgage quotes, and solutions to finding the best interest rate and mortgage for YOU. With today’s real estate market, it’s important to find a mortgage loan that’s ideal for you, your finances, and your future home. The worst things you can do are not research and compare home loan options. And if you’re a first time homebuyer, you need to know the mortgage basics and what to expect with your first home loan.
Get the Best Mortgage Rate Possible with Advice and Services from Bills.com
Browse through our mortgage loan articles and advice center, mortgage calculators, FAQs, and Mortgage Savings Center to find a great rate on a home loan and gain a better understanding of mortgages. We’re here to help.
Bill's Expert Advice
Personal Mortgage Stories
Read a personal story about a family’s first mortgage and gain a better understanding of what’s involved.
Mortgage success story
Mortgage FAQs
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How do I know how much I can afford on a mortgage?
There are two parts to this answer that are equally important. One is your income vs. your existing debt. Obviously, the more money you make and the less debt that you have, the more you can afford on a mortgage. The second part involves your credit rating: the higher your credit score is, the lower your interest rate can be, allowing you to afford a bigger mortgage loan. -
How do I figure out what my monthly mortgage payment will be?
Your monthly mortgage payment is affected by a couple factors, starting with your down payment. A greater down payment decreases the overall sum of the loan, therefore decreasing your monthly mortgage payments. The interest rate will also affect the total of the home loan and the amount you have to pay every month. If you have a high interest rate, then you will have to pay more on the total loan and every month. -
Why do I have to get a credit check to purchase a home?
Lenders use a credit check to determine whether or not you will be reliable at paying back your loan. If you have a high credit score it reflects a positive credit history, but a low credit score indicates to the lender that you have delinquent payments or defaults in your credit history. Even with considerable income, a low credit score can have a negative effect on your loan.
Mortgage Calculators
Today's News
Home Sellers Still See Conditions as Unfavorable. Perspective on Shadow Inventory
Posted To: MBS CommentaryWhen something is on a doorstep--any doorstep--there are only two places it can be going: either back inside the metaphorical house, or back to the world outside. Bonds, as...
mortgagenewsdaily.com
MBS AFTERNOON: Massive Stock Rally Leaves Bonds Slightly Weaker
Posted To: MND NewsWireA consumer survey conducted by Thomas Reuters and the University of Michigan indicates that it is sellers who are holding the housing market at low levels. In survey results...
mortgagenewsdaily.com
Glossary of Mortgage Terms
Mortgage: a legal agreement between the lender and the borrower which promises the home or property as a form of security for repayment of the loan.
Adjustable Rate Mortgage:(ARM) a mortgage with an interest rate that can change periodically based on the specified index.
Principal Payment: the part of a monthly mortgage payment that goes toward the principal balance of the loan.
Interest Payment: the amount of the mortgage payment applied to the interest that is accruing on the loan.
Annual Percentage Rate:(APR) the cost of a loan that takes into account the mortgage insurance, interest and loan origination fee (points) and is expressed as a yearly rate.
Escrow: the last stage of the mortgage process where the documentation and money is held by a third party until the transaction is finalized.
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Browse through our different financial categories and find the answer to the specific question you have.
Average Mortgage Rates
| program | apr |
|---|---|
| 30 Yr Fixed | 5.25% |
| 15 Yr Fixed | 4.68% |
| 30 Yr Fixed Jumbo | 6.27% |
| 15 Yr Fixed Jumbo | 5.85% |
| 3/1 ARM | 4.88% |
| 5/1 ARM | 4.27% |
| 7/1 ARM | 4.8% |
| 10/1 ARM | 4.72% |
| 3/1 ARM (I/O) | 5.3% |
| 5/1 ARM (I/O) | 4.27% |
| 7/1 ARM (I/O) | 4.57% |
Mortgage Articles and Advice
Mortgage Regulations for Mortgage Loan Approval
The new mortgage regulations from Fannie Mae and Freddie Mac can affect approval on your home loan. Get up-to-speed with this article
Mortgage regulations
Learn the Basics of a Home Mortgage
Any first-time home buyer needs to know home mortgage basics. Find the basic information you need and get the mortgage process started on your new home.
Mortgage basics
Important Mortgage Loan Terms
Mortgage loan terms can quickly become confusing. Having a better understanding of the language and terminology involved with a mortgage loan will ease the entire process.
More mortgage terms
How to Qualify for a Mortgage: Part 1 - The Basics
Learning the basics of how to qualify for a mortgage will prevent you from making common rookie mistakes. This two-part guide makes the mortgage qualifying process easier to understand.
Qualifying for a Mortgage
How to Qualify for a Mortgage: Part 2 – Terminology and Paperwork
All the information you need to qualify for your mortgage is right here: the paperwork you need, the terms you have to know, and the steps that will lead you to mortgage qualification.
Mortgage qualification
Getting the Best Mortgage Rate: Know the Secret
Knowing the secret to getting the best mortgage rate will help you find the right loan. Learn the secret and start shopping around for your mortgage loan today.
Mortgage loan rate
Mortgage Information for Your Home Purchase
You need all the home purchase mortgage information you can get when buying a home. Learn more about mortgages and start on the path to a new home purchase.
Mortgage information
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