by Alterna Mortgage | Jan 11, 2021 | Uncategorized
The new year brings many promises for changes and improvements. As such, the beginning of a new year is a great time to improve your financial situation. In fact, one of the most common New Year’s resolutions is to save more money. While there are many ways to...
by Alterna Mortgage | Sep 10, 2020 | Uncategorized
Working with Alterna Mortgage is better than working with a bank. Pros of working with Alterna Mortgage We do all the legwork for you, working on your behalf with the lender We compare wholesale mortgage rates from a large number of banks and lenders all at once We...
by Alterna Mortgage | Sep 4, 2020 | Uncategorized
As the summer homebuying season begins to wind down, here are some frequently asked questions. What is private mortgage insurance? Private Mortgage Insurance (PMI) is to protect the mortgage lender if a loan defaults. It is required if the loan amount is more than 80%...
by Alterna Mortgage | Aug 28, 2020 | Uncategorized
A rate lock guarantees your interest rate for a specified period of time. It’s common for lenders to offer 15, 30, 45 and 60 day rate locks for a fee or to include the price of the rate lock into your loan. The shorter the lock the better the rate can be. Some lenders...
by Alterna Mortgage | Aug 18, 2020 | Uncategorized
COVID-19 has led to the largest shock to the U.S. economy in our lifetime. The Federal Reserve, Treasury, and administration have responded with trillions of dollars in stimulus measures to help underwrite, or carry, the economy through this pandemic — and more is...
by Alterna Mortgage | Jun 13, 2020 | Uncategorized
The Federal Reserve left interest rates unchanged (near zero) amidst a projected gradual economic recovery from the recession. New forecasts predict a slower economic recovery than the Trump administration seems to expect. In the post-meeting statement that...
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