Frequently Asked Mortgage Questions

Do you have mortgage questions?

Discover answers to some frequently asked questions, industry updates, and other relevant news. If you can't find answers to your real estate and mortgage questions here, please ask us!.

Frequently Asked Mortgage Questions (FAMQ's):

Mortgage Rates

Home Prices vs Pay, Rent, Mortgages -NYT

For those that enjoy graphs and charts, it’s interesting to see the comparison of home prices, worker’s pay, rents, inflation, and mortgage payments. The housing market in much of the nation seems to be in a Goldilocks moment, neither too hot nor too cold, with low mortgage rates an added bonus. Source: After an Era […]

Time to Check your Free Credit Report

Free Credit Report – Annual Credit Report

Free Annual Credit Report Step 1 of How to Buy a House is to check your credit. But, even if you’re not buying a house, it’s a good idea to get your free annual credit report once a year. Check Your Credit with a Free Credit Report Before you reach out and talk to a Mortgage […]

TRID - TILA RESPA Integrated Disclosure - Featured

What is TRID? CFPB TRID?

TRID – TILA RESPA Integrated Disclosure The new mortgage rules from the Consumer Finance Protection Board (CFPB) encompasses a lot of mortgage disclosure changes. TRID is the given name for those changes – an abbreviation for TILA RESPA Integrated Disclosure. Since there are so many changes with the new mortgage rules, we’ve written more than one […]

Minneapolis Mortgage TIP Total Interest Percentage Now Required

TIP Now Required Mortgage – Total Interest Percentage

FOR IMMEDIATE RELEASE A TIP IS NOW REQUIRED WITH YOUR HOME MORTGAGE LOAN Minneapolis, MN, October 3, 2015 – Effective immediately, by consumer demand, a TIP is now required when you obtain a home mortgage loan. Borrowers knew that obtaining a home mortgage loan was expensive, but effective October 3rd, 2015 – the cost is […]

Personalized Current Mortgage Rates Today

What are Current Mortgage Rates?

Current Mortgage Rates Current Mortgage Rates and APR’s updated daily for MLS Mortgage Group, Credit Unions, and Bank Averages. Compare Mortgage Rates: Daily Mortgage Rates Today – U.S. Average APRs* for Wednesday, August 3, 2016 Daily Rate Comparison MLS Mortgage Group Credit Unions Bank Average 15 Year Fixed Conforming 2.49% 2.83% 2.84% 30 Year Fixed […]

Know Before You Owe Blank Disclosures - Featured

New Mortgage Rules – Know Before You Owe

New Mortgage Rules – Know Before You Owe REALTORS®, please see TRID – TILA RESPA Integrated Disclosure “What are the New Mortgage Rules?” “What is Know Before You Owe?” Effective October 3, 2015, the Know Before You Owe new mortgage rules are officially in place. One of the biggest changes of the new mortgage rules is that […]

TRID TILA RESPA Integrated Disclosure Featured

TRID – TILA RESPA Integrated Disclosure

What is TRID? TRID – TILA RESPA Integrated Disclosure What is TRID? TRID is an acronym for TILA RESPA Integrated Disclosure. The new mortgage rules are effective October 3, 2015. If you’ve financed a home in the past, these new disclosures are very different. Find out more information in this quick, informational video, as well […]

What is APR rate Mortgage What is Annual Percentage Rate Mortgage

What is APR? Mortgage APR?

What is APR? / What is Mortgage APR? “What is APR?” This is an explanation of Mortgage APR, to calculate APR, see Mortgage APR Calculator instead. What is APR? If you’ve ever wondered: “What is APR?”, “What does APR mean?”, “How does APR Work?”, “What is the difference between APR and Mortgage Interest Rate?”, then […]