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...
by Alterna Mortgage | Apr 14, 2020 | Uncategorized
We recognize there is a lot of information posted on the Internet and in the media regarding how to pay your mortgage during the COVID-19 pandemic. As your trusted mortgage broker, we want you to have the best information available. One topic that is particularly hot...
by Alterna Mortgage | Feb 26, 2020 | Uncategorized
Minutes of the central bank’s last policy meeting showed policymakers at the Federal Reserve were cautiously optimistic about interest rates holding steady this year, even after acknowledging new risks caused by the coronavirus outbreak. The readout of the...
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