by Alterna Mortgage | Apr 26, 2021 | Inflation, Interest rates, Mortgage Programs, Uncategorized
Conventional wisdom tells us that when stocks rise, rates decline. It also typically tells us that when inflation moves higher, rates typically increase. Generally speaking, as the economy reopens, rates will rise. Here is what has happened recently. Stocks rallied to...
by Alterna Mortgage | Apr 20, 2021 | Uncategorized
One of the things helping keep rates low as the economy recovers is the Fed. Stocks are generally in positive territory thanks to recent reports that the Fed is still “not even thinking about, thinking about” raising rates or tapering the bond purchase program. So...
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...
Recent Comments