by Alterna Mortgage | May 20, 2019 | Uncategorized
People ask me all the time: what is the difference between a mortgage broker and a big bank? This video pretty much sums it...
by Alterna Mortgage | May 16, 2019 | Uncategorized
It is a very interesting time in the bond market. The bond market typically has a huge impact on interest rates. The 10 and 30 year treasury bond is a measuring stick for investors and those in the mortgage business. They us it to gauge where the fixed interests rates...
by Alterna Mortgage | May 11, 2019 | Interest rates, Mortgage Programs
The pre-crash borrowers from early 2000 to 2008 made purchases with good faith numbers that included the APR, closing fees, pre-paids, and and any points associated with the loan. However, most still felt they did not fully understand the fees and loan terms. This is...
by Alterna Mortgage | May 6, 2019 | Uncategorized
All the rules do not apply to Big Banks and bankers. They do not have to show you what they are making fee wise. This is called yield spread. As a Broker we give the borrower the yield spread in a form of a credit to reduce your closing costs. The Banker and big banks...
by Alterna Mortgage | May 1, 2019 | Interest rates, Mortgage Programs
The folks over at the Washington Post put together a great article outlining the differences between loan programs from a decade ago and those offered today. The bottom line is this: new mortgage rules are likely to affect your next home purchase. Many of...
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