by Alterna Mortgage | Jun 4, 2026 | Financing, Interest rates, Mortgage Programs
At today’s mortgage rates, the typical homebuyer will pay more in interest over 30 years than the home’s purchase price, according to a new analysis. A buyer putting 20% down on the median-priced U.S. home would pay about $413,700 in interest over a 30-year mortgage...
by Alterna Mortgage | Apr 3, 2026 | Financing, Home Buying, Mortgage Programs
The Oregon Housing and Community Services (OHCS) has just expanded its Flex Lending program. This isn’t just another loan—it’s a pathway to homeownership that many people think is out of reach. The Flex Lending program is designed specifically to help Oregonians...
by Alterna Mortgage | Jun 3, 2024 | Home Buying, Housing Market, Interest rates, Mortgage Programs, Real Estate
Refinance to a Shorter Term: Refinancing your mortgage to a shorter term, such as a 15-year mortgage, can result in higher monthly payments but a lower overall interest cost. Make Extra Payments: One of the most straightforward ways to pay off your mortgage faster is...
by Alterna Mortgage | May 22, 2024 | Home Buying, Interest rates, Mortgage Programs, Real Estate
Down payment assistance programs continue to be a valuable resource for homebuyers across the country. The 0% Down Purchase program for qualified borrowers to receive a 3% down payment assistance loan, up to $15,000. Here’s how it works: First lien mortgage...
by Alterna Mortgage | Apr 3, 2024 | Financing, Home Buying, Interest rates, Mortgage Programs
While mortgage rates don’t exactly depend on the Fed’s rate decisions, the Fed does have a big influence on the direction they take. And until issues with persistent inflation show more signs of easing, mortgage rates might not drop much. Despite their...
by Alterna Mortgage | Mar 13, 2023 | Financing, Interest rates, Mortgage Programs, Refinancing
Today the national average 30-year fixed mortgage rate for the beginning of March 2023 is at 7.02%. This is the rate for big banks and large banking firms. Since Alterna Mortgage is an independent broker our average rate today for a 30-year fixed is 5.99%. That is a...
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